Commercial Property Insurance
Property Insurance refers to first-party insurance that indemnifies the owner or user of property for its loss, or the loss of its income-producing ability, when the loss or damage is caused by a covered peril, such as fire or explosion. In this sense, property insurance encompasses inland marine, boiler and machinery (BM), and crime insurance, as well as what was once known as fire insurance, now simply called property insurance: insurance on buildings and their contents.
How much does commercial property insurance cost?
Determining how much your business will pay for commercial property insurance will require you to schedule a consultation. To understand what we are looking at when we get you a quote, the price is based on the value of your building and business assets. Other variables that determine your premium are based on risk, including location, type of construction and materials, and property use.
What does commercial property insurance cover?
Commercial property insurance covers the physical building and your property inside the building.