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As a business owner, one of the many important things you need to consider is business insurance. While there are several types of insurance coverage you might benefit from, one to certainly consider, if you own business property, is commercial property insurance.

What is Commercial Property Insurance?

Just like you might have homeowner’s insurance or coverage for personal assets, you can get commercial property insurance to protect any business property you own from things like theft, fire, vandalism, and storms.

Something to be aware of: business insurance doesn’t typically cover earthquakes and floods, though some insurers may offer extra coverage for these.

What is Covered Under Commercial Property Insurance?

The first thing that comes to mind when you think of business property is probably the real estate you own or lease for your business. That certainly can be covered by a commercial property policy, but coverage can also include:

  • Computers
  • Equipment
  • Office furniture
  • Outdoor signage
  • Inventory
  • Landscaping
  • Accounting records

And even if you have a home business, commercial property insurance can be helpful. It can cover things that your homeowner’s policy won’t, as long as it’s for business assets.

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