Commercial Property2020-10-28T13:42:38+00:00

Commercial Property Insurance

For business owners, commercial property insurance is a near-must. Not only does commercial property insurance cover your business’s physical location, it also covers equipment, inventory, personal property, and other assets. Also known as business property insurance, commercial property insurance offers important coverage for small and large businesses alike.

Commercial property insurance protects your company’s physical assets from disasters including, fire, explosions, environmental spills, and storms (blizzards, hurricanes, hailstorms), as well as theft and vandalism.

What Type of Businesses Need Commercial Property Insurance

You should consider commercial property insurance if you meet any of the following criteria:

  • You own, lease, or rent an office, building, or store
  • You keep important business records on-site
  • You have inventory to protect
  • You have your own equipment

Businesses that may benefit from commercial property insurance include: technology services, contractors, commercial real estate, financial services, restaurant and food service, landscaping, wholesalers and distributors, retail, garages, professional services, pet care services, personal care services, and manufacturers.

What Does Commercial Property Insurance Cover?

Coverage varies by plan, but can include:

  • Destruction of physical building
  • Business equipment
  • Accidental property damage
  • Personal effects
  • Electronic data
  • Important papers and records
  • Critical business assets used off-property
  • Fleet vehicles
  • Product inventory
  • Office furniture and other furnishings
  • External structures including company sign and fences

While commercial property insurance is designed to cover your business assets from natural disasters, earthquakes and floods are not typically covered unless explicitly added to your policy.

Interested in learning more about commercial property insurance for your business? At Knight-Dik Insurance, we’ll work with you to design coverage that protects your business from a variety of risks, unique to you. For a free insurance premium analysis, simply contact us here or call 800-286-6353.

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