What Is Commercial Property Insurance? Protecting Your Business Assets

From Fire to Theft—Your Business Needs More Than Luck

A single fire, storm, or burglary could wipe out the tools, inventory, or equipment your business relies on daily. That’s where commercial property insurance comes in.

Whether you own a storefront in Atlanta, lease an office in Dallas, or run a warehouse in Tampa, OnePoint Insurance Agency helps businesses across Georgia, Texas, Florida, Illinois, Alabama, Arizona, and beyond safeguard their physical assets with smart, affordable coverage.

What Commercial Property Insurance Covers

Commercial property insurance helps pay for repair or replacement of physical business assets after a covered event.

Typical coverage includes:

• Building – Offices, warehouses, or retail buildings you own

• Business Personal Property – Equipment, inventory, computers, furniture

• Tenant Improvements – Upgrades you’ve made to a leased space

• Loss of Income – Covers lost revenue due to property damage shutdowns (if included in a BOP)

• Debris Removal & Cleanup – Helps pay for post-disaster cleanup

Covered perils often include fire, lightning, windstorms, theft, and vandalism. Note: Flood and earthquake protection require separate policies.

What’s Not Covered

Knowing what’s excluded is just as important as knowing what’s covered.

Exclusions:

• Flood and Earthquake Damage – Requires separate policies

• Wear and Tear – Rust, corrosion, and general deterioration

• Employee Theft – Usually covered under a commercial crime policy

• Utility Failures or Data Loss – May require endorsements like spoilage or cyber insurance

Optional Endorsements:
Consider adding coverage for:

• Equipment breakdown

• Outdoor signage

• Civil authority business interruption

• Valuable papers and electronics

Who Needs Commercial Property Insurance?

If you rely on any kind of physical space, inventory, or tools to run your business, this coverage is a must.

This includes:

• Business owners with physical storefronts, restaurants, or warehouses

• Leased offices with improvements or renovations

• Inventory-reliant businesses—retail, e-commerce, manufacturing

• Companies operating in disaster-prone areas like Florida (hurricanes) or Arizona (wildfires)

• Professionals with valuable tools, electronics, or POS systems

Example scenario: A burst pipe floods your boutique overnight, destroying flooring and thousands in merchandise. Commercial property insurance steps in so you can recover fast.

Frequently Asked Questions

Does it cover my inventory?
Yes, if damaged by a covered peril like fire, theft, or vandalism. Make sure your policy reflects peak inventory levels.

Do I need this if I lease my office or store?
Yes. Your landlord’s policy covers the building not your contents or tenant improvements.

Is lost income from a shutdown covered?
If you carry a Business Owner’s Policy (BOP), yes it often includes business income coverage to replace lost revenue.

How do I determine how much coverage I need?
Start with the value of your building (if applicable), furnishings, tools, equipment, and inventory. OnePoint can help calculate accurate replacement cost.

What’s the difference between replacement cost and actual cash value?

• Replacement cost pays the full price to replace damaged items with new ones

• Actual cash value deducts depreciation, resulting in a lower payout

How OnePoint Can Help

As an independent insurance agency, OnePoint shops across top-rated carriers to find the right coverage for your business without overpaying or leaving you exposed.

We’ll help you:

• Understand local risks (weather, crime, legal requirements)

• Choose appropriate limits for your space and assets

• Compare replacement cost vs. ACV

• Combine property coverage with liability or BOP options for cost savings

From Atlanta to Tucson—we’ve got your back.

Get a Quote or Learn More

• Get a Free Business Quote

• Speak With a Licensed Advisor

• Explore More Commercial Insurance Guides

Related Articles

• What Is General Liability Insurance? A Small Business Must-Have

• Do I Need Business Interruption Insurance?

• What’s Included in a Business Owner’s Policy (BOP)?

• How to Insure a Leased Commercial Space

• Understanding Equipment Breakdown Coverage