What is commercial property insurance?

When do small businesses need property insurance?

Any small business that owns a building, inventory, or equipment could benefit from property insurance. This policy can help repair or replace business property that’s damaged, stolen, or destroyed.Commercial landlords often require their tenants to have property coverage. Usually, they want you to purchase a policy that covers only your contents in the leased space. Read more about property insurance coverage.

What kind of property insurance do I need?

Commercial property insurance covers your building if you own it along with its contents, also known as business personal property. However, a small business owner might want coverage for other risks as well.

Business owner's policy

Small businesses can combine property protection with coverage for the most common risks of running a business in a business owner's policy (BOP). A BOP bundles commercial property insurance with general liability insurance at a lower rate than purchasing each policy separately.

Business interruption insurance

Business interruption insurance covers a business's normal operating expenses during a forced closure.

Inland marine insurance

Inland marine insurance covers movable property. That could include items in the temporary care of your business, such as artwork on display at a cafe. It also covers property that moves from place to place, such as the kitchen in a food truck.