What Is Commercial Property Insurance? Protecting Your Business Assets
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.
