It's important to note that while Commercial Property Insurance covers physical assets, it has key limitations. The policy excludes catastrophic risks such as floods or earthquakes. Additionally, it does not cover business vehicles or equipment frequently moved to different job sites, as these specific risks require separate policies like Commercial Auto or Inland Marine Insurance.
Learn more about California's new minimum auto insurance requirements.
Protecting Your Building, Equipment, and Inventory
Every business relies on its physical assets to operate: the building you work from, the crucial equipment you use, and the inventory you sell. When unexpected disasters like fire, storms, or theft occur, the impact is severe. These events not only cause property damage but also instantly halt your entire operation, leading to expensive repair bills and lost income. Commercial Property Insurance is designed to cover these replacement and repair costs so your business can quickly bounce back and resume normal operations.
Do I Need This Coverage If I Rent My Space?
Your business personal property needs its own coverage, as your landlord's policy won't cover your belongings. Commercial Property Insurance protects everything you own inside your space, such as equipment, furniture, and inventory. Crucially, it also replaces lost revenue if damage forces a temporary closure.
Protection for Landlords and Rental Property Owners
If you own properties you rent out (residential homes or commercial spaces), you need specialized coverage known as Habitational or Lessor's Risk Insurance. This is essential for landlords, as it protects your building from damage, replaces lost rental income, and defends you if a tenant files a personal liability lawsuit.
What Does Commercial Property Insurance Cover?
Commercial Property Insurance protects a business's physical assets from financial losses caused by common events like fire and smoke damage, severe storms, theft, and vandalism. Let's look at the core components that make up a Commercial Property Insurance policy:
If your facility is damaged by a covered loss, this protection helps fund the repair or rebuilding of the physical structure itself. This ensures that your physical place of business, whether it's a store, office, or manufacturing facility, can be restored quickly.
This covers the moveable assets inside and around your location that you use every day to run your business. It protects the items you own—such as equipment, furniture, inventory, computers, and outdoor signs—and is entirely separate from the building structure.
If a covered loss, like a fire or major storm, forces you to close your doors temporarily for repairs, this coverage will help replace the income your business loses during that downtime. It also covers your continued operating expenses, like rent and utilities, to ensure you can pay your bills and keep your finances stable while the property is being fixed.
Business Insurance Made Simple: Why Choose AIS
Your business is a major investment, and it deserves more than a standard, one-size-fits-all liability policy. At AIS Insurance, our experienced Business Insurance Specialists are driven by one goal: protecting your hard work and assets. We work quickly to understand the specific risks of your industry, allowing us to find and fix the dangerous gaps in coverage that leave businesses vulnerable, ensuring you get true financial peace of mind.
Stop settling for confusing policies. We make commercial insurance clear, fast, and highly effective. Call us today to speak with our experts who are ready to tailor a Commercial Property Insurance policy to your needs.
Additional Insurance Coverages to Bundle
It would be great if you could save money on insuring your business and all of its assets under one roof. AIS is the insurance house that finds affordable coverage for a wide variety of businesses. We compare the best rates from multiple trusted carriers partners, so you know you’re getting the best protection for the best price.
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