Commercial Property Insurance
The building can be rebuilt and the equipment replaced. The real question is whose money does it, and at what valuation. We shop your property across 50+ carriers and read the fine print on valuations and deductibles for you.
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What is commercial property insurance?
Commercial property insurance covers your building, equipment, inventory, and buildout against fire, theft, wind, and other covered losses. Many forms also replace the income the business loses while the property is being repaired, which is often the part that keeps the doors open.
What this policy is typically built to handle.
- The building, including permanently attached fixtures and improvements
- Business personal property: equipment, furniture, tools, inventory
- Improvements you installed in a leased space
- Business income lost while the property is being restored after a covered loss
- Extra expense to keep operating while repairs run
- Equipment breakdown from mechanical and electrical failure, on many forms
Who usually carries it.
- Owners of the building they operate from
- Tenants who paid for their own buildout
- Any business with real money in equipment, inventory, or tools on-site
- Operations that couldn't fund replacing their assets out of cash
- Businesses where weeks of closure means real revenue loss
What it does not cover
- Flood, which is almost always excluded and placed as a separate policy.
- Earthquake and earth movement, typically excluded unless added by endorsement.
- Wear and tear, gradual deterioration, and maintenance issues.
- Wind can be excluded or carry its own large deductible in coastal areas, depending on the form.
- Vehicles, which belong on a commercial auto policy.
- Exact terms vary by carrier and policy. We flag the gaps that matter for your property before you bind.
The burst pipe
Picture a marketing agency leasing office space on the second floor of a commercial building. Over a holiday weekend, a pipe in the ceiling bursts and runs for two days before anyone notices. By Monday, water has warped the hardwood floors, destroyed computers, soaked client files, and ruined the custom millwork the agency installed when it moved in.
A property policy carries this one. It replaces the equipment and restores the improvements the agency paid for, and business income coverage funds the temporary office they work from during repairs. Without it, the agency eats the equipment and buildout costs while still paying rent on a space it can't use.
Get a QuoteAn illustrative example, not a real claim. Every claim is decided by the insurance company under the terms of the actual policy.
What affects your cost.
No two businesses price the same. The only way to know your number is to quote it, and the quoting part is our job.
- Replacement value of everything covered
- Construction type, age, and condition of the building, roof age especially
- What the business does and what sits on the shelves
- Location: wind exposure, crime, distance to fire protection
- How broad the coverage form is
- Claims history
Questions we hear a lot.
Most property policies require you to insure to a stated percentage of full value, often 80 or 90 percent. Fall below that and the insurance company can reduce every claim payment proportionally, including partial losses. The fix is honest valuations at placement and at every renewal, especially after construction costs move. Underinsured buildings are the most common problem we find when we review policies, and it's fixable.
In wind-prone areas, wind or named-storm deductibles are usually a percentage of the insured value rather than a flat amount, so a 5 percent deductible on a large building is serious money out of pocket. The percentage, and what triggers it, varies by insurance company. It's one of the main levers we negotiate when placing coastal property, and one of the first things we compare across quotes.
Replacement cost pays what it takes to replace with new. Actual cash value deducts depreciation, which on a 15-year-old roof or aging equipment is a big haircut. Replacement cost is the right call for most operating businesses. Some insurers push older roofs onto an actual-cash-value basis, so we read the roof valuation on every quote before you see it.
Your lease answers that. Most commercial leases make the tenant responsible for contents, equipment, and any improvements the tenant installed, and many spell out required limits and wording for the landlord. Send us the insurance section of your lease and we'll build the policy to match it. That's the whole point of having us in your corner.
Coverage that often pairs with this.
- Business Owners Policy (BOP)Liability, your property, and lost income in one policy. Often costs less than buying the pieces separately, with one renewal to manage.
- General Liability InsuranceCovers injuries and property damage your business causes to others, plus the legal defense. The policy behind every certificate request.
- Cyber Liability InsuranceCovers breach response, ransomware, and wire fraud losses, plus the liability when customer data gets exposed.
Get your Commercial Property Insurance quote.
Tell us once. A licensed agent shops it across the 50+ insurance companies we work with and comes back with real options, not a form letter.
- Fill this out. It takes a few minutes, not an afternoon
- A licensed agent shops your file across the 50+ insurance companies we work with
- Quotes come back, on average, within 24 hours²
Disclosures
- Sinai Coverage LLC is an independent insurance agency, not an insurer. Coverage is provided by the insurance companies your policy is placed with. Headquartered in Sunny Isles Beach, Florida. Serving all 50 states.
- Average across recent quote requests. Complex risks and certain coverage lines can take longer.