Depending on the terms of your policy, commercial property insurance may cover natural disaster, theft, accidents and more. Whether you own a freestanding commercial building, lease an office or even work from home, business property insurance can protect your building and your business’ physical assets. Here are a few examples of incidents that could be covered by a commercial property policy:

• A fire could destroy your building and the contents inside
• A burst water pipe could damage your documents, drawings or other valuable papers
• A storm could damage your outdoor sign

Commercial property insurance is a type of commercial coverage that can protect your business in the event of a covered loss.

What business property insurance covers

Commercial property insurance policies are one of the most important investments ensuring the future of your business.  Commercial property policies can be tailored to meet the needs of your individual business.  Some of the most critical business assets that can be protected by a commercial property policy include:

• Your building
• Your contents
• Loss of Business Income
• Business Inventory
• Your furniture and equipment
• Property of others in your care, custody or control
• Outdoor property such as signs or fences

Before you meet with an agent, it helps to take inventory of your business.  You’ll need to determine what property you want to insure and what its approximate replacement value is.

The property you might insure could include

• The building that houses your business
• Improvements and Betterments made to leased buildings
• All office equipment including computers, phone systems and furniture, regardless of owned or leased.
• Accounting records and important company documents
• Manufacturing or processing equipment
• Inventory kept in stock
• Fences or landscaping
• Outdoor signs