Commercial property & equipment
Protection for the buildings, inventory, furniture, tools and equipment your business depends on, plus the income you could lose while you recover.
What it generally covers
- Buildings you own, or improvements you've made to a space you lease
- Inventory, furniture, fixtures and equipment
- Business income and extra expense after a covered loss
- Equipment breakdown options
- Crime and employee theft options
Who usually asks about it
- Businesses that own or lease a location
- Companies with inventory or specialized equipment
- Landlords and property owners
- Anyone whose lease or lender requires property coverage
Common questions
Are floods and earthquakes included?
Usually not. Flood and earthquake are typically separate coverages or endorsements, so it's worth checking where your location sits.
What about tools that leave the building?
Property policies are mainly built for things at your location. Tools and equipment that travel are usually covered under inland marine.
What is business income coverage?
It helps replace lost income and pay ongoing expenses if a covered loss forces you to slow down or close for a while.
General information only. Coverage depends on the policy's terms, conditions and underwriting. A licensed agent can review what fits your situation.