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Commercial Property Insurance

Owning a business means you’ve invested a lot of time, effort, and resources into creating a space where your products or services come to life. Protecting that property is essential to your business's success. Commercial Property Insurance safeguards your physical assets against a wide range of risks, such as fire, theft, or vandalism. These physical assets include:


  • Building
  • Equipment
  • Furniture
  • Signage
  • Inventory
  • Other assets located on or around your premises.

Whether you own the building or rent a space, having the right commercial property insurance helps ensure your business can recover quickly from unexpected events. It can also provide coverage for repairs or replacements in the event of theft or damage. There are three primary coverage options:


  • Basic Form: Covers damage from fire only.
  • Broad Form: Covers fire damage, theft, and other specified risks.
  • Special Form: Offers the most comprehensive coverage, including fire, theft, and additional risks, unless specifically excluded in the policy.

 

At McShea Insurance, we specialize in crafting custom commercial property insurance policies that meet the unique needs of your business. From small offices to large retail spaces, our agents are here to guide you through selecting the right coverage, so you can focus on what matters most—your business’s success.

Who Needs Commercial Property Insurance?

Commercial Property Insurance is essential for any business that owns or leases physical space. Some examples of businesses that should consider this type of coverage include:


  • Retail Stores (e.g., clothing shops, florists, grocery stores, and electronics stores)
  • Offices (e.g., real estate agencies, construction offices, law firms, interior design offices, marketing firms)
  • Restaurants and Cafes (e.g., sit-down restaurants, quick-service eateries, coffee shops)
  • Warehouses and Manufacturing Facilities (e.g., production plants, storage companies)
  • Medical Offices (e.g., doctor’s offices, dental practices, health clinics)


No matter the size of your business, commercial property insurance can offer protection for your physical space and assets, ensuring you're prepared if disaster strikes.

FAQs

  • What Does Commercial Property Insurance Cover?

    A Commercial Property Insurance policy typically includes:


    • Building Insurance: Protection for the physical structure of your business property, whether owned or leased.
    • Contents Insurance: Coverage for your business property, including equipment, inventory, furniture, and fixtures.
    • Business Interruption Insurance: Helps cover lost income and operating expenses if your business is temporarily unable to operate due to damage to your property.

  • What is not covered by Commercial Property Insurance?

    Commercial Property Insurance typically does not cover:


    • Flood damage (requires separate flood insurance)
    • Earthquake damage (requires additional coverage)
    • Employee injuries (covered by workers' compensation)
    • Loss of business income due to power outages (unless added as an endorsement)
    • Theft by employees (requires crime insurance)
    • Equipment breakdown (may require equipment breakdown coverage)
    • Intentional damage (not covered)

    These exclusions can usually be addressed by adding optional endorsements or supplementary policies.

  • How Much Does Commercial Property Insurance Cost?

    The cost of Commercial Property Insurance varies based on factors such as the type of business, its location, the size of the property, and the value of the assets you’re insuring. It’s important to assess your specific risks with an agent to get an accurate quote. At McShea Insurance, we work with you to find the right policy that suits your business’s needs and budget.

  • Can I customize my Commercial Property Insurance?

    Yes, Commercial Property Insurance can be customized to meet your specific needs. A few common add-ons and endorsements include:


    • Flood Insurance: For businesses located in flood-prone areas.
    • Earthquake Insurance: For properties in earthquake-prone regions.
    • Equipment Breakdown Coverage: For businesses that rely on equipment or machinery.
    • Business Interruption Insurance: To cover lost income if your business can’t operate due to a covered event.
    • Crime Insurance: To protect against employee theft or fraud.

    Your commercial property insurance policy can be tailored based on your business's specific risks and needs. Consult with one of our experienced agents to ensure your property is comprehensively covered.

Get Started Today

Protect your business’s physical assets with the right Commercial Property Insurance.


Contact McShea Insurance today to speak with one of our agents and start customizing a policy that meets your business’s needs.

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