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Commercial Property Insurance
Protecting the Assets Your Business Runs On
Your building, coolers, kitchen line, shelving, signage, computers, and inventory represent years of investment. Weather — tornadoes, hail, lightning, hurricanes puts all of it at risk, along with fire, theft, vandalism, and vehicle impacts. Commercial property insurance is designed to help repair or replace what a covered loss takes away.
What Commercial Property Insurance May Cover
- Buildings — owned structures, including permanently installed fixtures and equipment
- Business personal property — inventory, furniture, tools, machinery, electronics
- Tenant improvements — build-outs you paid for in a leased space
- Exterior property — signs, fences, and outdoor fixtures (often with sub-limits worth reviewing)
- Business income — lost revenue and continuing expenses during covered downtime
Details That Matter (and Get Missed)
- Replacement cost vs. actual cash value: replacement cost pays to buy new; ACV deducts depreciation. The premium difference is often small; the claim difference is huge.
- Coinsurance clauses: insuring your building for less than its value can trigger penalties at claim time. We'll help you set accurate values.
- Wind/hail deductibles: Alabama policies often carry separate, higher wind deductibles. Know yours before storm season.
- Flood is excluded: standard policies don't cover flood. If you're near water or your lender requires it, we can quote flood separately.
FAQ
Wind and hail are generally covered perils in commercial property policies, though often subject to a separate wind/hail deductible. We'll walk you through exactly how your policy responds before you need it. This Could also be rejected if insureds chooses too.
No — flood is excluded from standard commercial property policies. Separate flood insurance is available, and we can help determine whether your location warrants it.
Yes, for your contents — inventory, equipment, furniture, and any build-out you paid for. Your landlord's policy covers the building, not your property inside it. Most leases also require you to carry it.
We'll help you calculate replacement values for the building and take a realistic inventory of business personal property. Underinsuring to save premium is the most expensive mistake owners make.
Standard property insurance covers fire and storms but not mechanical or electrical failure. Equipment breakdown coverage helps when the compressor in your walk-in cooler dies or a power surge takes out your POS system.
Usually only in limited amounts. Inland marine coverage extends protection to tools and equipment that travel. Tell us what leaves the building and we'll structure it right.
