Protect the Property Your Business Depends On
Your business property represents a significant investment. Commercial property insurance can help protect eligible buildings, business property and other covered assets when a covered loss occurs.
Whether you own your commercial building, lease a business location or operate from a specialized facility, the right property coverage can help you prepare for unexpected property losses while keeping your business goals in focus.
What Can Commercial Property Insurance Cover?
Depending on the policy, insurer and coverage selected, commercial property insurance may help protect several important parts of your business property.
Commercial Buildings
Coverage may help protect an eligible business building and certain attached structures against covered causes of loss.
Business Equipment
Eligible equipment, machinery, furniture and other business property may be covered depending on the policy.
Inventory & Merchandise
Business inventory, stock and merchandise may require appropriate property limits and coverage depending on your operation.
Business Contents
Furniture, computers, supplies and other business contents can be considered when building a commercial property insurance program.
Property at Your Location
Your coverage can be structured around the locations and property exposures associated with your business.
Additional Property Coverages
Depending on the insurer and policy, additional coverages may be available for specific property risks and business needs.
What Risks Can Commercial Property Insurance Address?
Commercial property policies can be written with different coverage forms and causes of loss. The specific risks covered depend on the policy you purchase.
Coverage varies by policy. Some causes of loss may be excluded, limited or available only through an endorsement or separate policy.
Commercial Property Coverage for Different Businesses
If You Own the Building
Business owners who own their commercial property may need coverage for the building itself as well as eligible business personal property, equipment, inventory and other assets.
If You Lease the Building
Businesses that lease their space may still need coverage for furniture, equipment, inventory, improvements and other business property. Your lease may also specify insurance requirements.
If You Own Multiple Locations
Multiple locations can create additional property exposures. Make sure your insurance program accurately reflects each location, its use and the property associated with it.
Commercial Property Insurance and Business Income
Property damage can affect more than the physical building and equipment. A covered loss may also interrupt your ability to operate normally.
Depending on the policy, business income or business interruption coverage may help address certain income losses following a covered property loss. Extra expense coverage may also be available to help with certain additional costs associated with continuing or restoring operations.
Business income coverage is subject to the terms, conditions, limits, exclusions and applicable waiting periods of the policy. Ask your insurance agent how the coverage would apply to your specific business.
Replacement Cost vs. Actual Cash Value
When evaluating commercial property insurance, it is important to understand how the policy values covered property after a loss.
Replacement Cost
Replacement cost coverage generally considers the cost to repair or replace covered property with property of like kind and quality, subject to the policy terms and limits.
Actual Cash Value
Actual cash value generally takes depreciation into account when determining the value of covered property after a loss.
Related Business Property Coverages
Commercial property insurance is one part of a broader business insurance program. Depending on your operation, additional coverage may be appropriate.
Business Personal Property Insurance
Learn more about coverage for equipment, furniture, inventory, tools and other business property.
Inland Marine Insurance
Coverage for certain property that may be transported, stored away from your primary location or otherwise require specialized protection.
Business Owner’s Policy
Explore a packaged insurance approach that may combine eligible property and liability coverages for qualifying businesses.
Who May Need Commercial Property Insurance?
Commercial property insurance can be relevant to many types of Texas businesses, including companies that own or lease commercial space and businesses with valuable equipment, inventory or other physical assets.
Why Work With Lavon Insurance?
Independent Insurance Agency
We work with insurance carriers to help identify commercial insurance options that fit your business and its property exposures.
Personalized Service
We take time to understand your business rather than treating commercial insurance as a one-size-fits-all purchase.
Texas Business Focus
We serve Texas businesses and help customers evaluate commercial insurance options based on their specific operations and property.
Commercial Property Insurance FAQs
What is commercial property insurance?
Commercial property insurance is designed to help protect eligible business buildings, business personal property and other covered property against covered causes of loss. The specific coverage depends on the policy.
Does commercial property insurance cover my business equipment?
Business equipment may be covered when it falls within the policy’s covered property and applicable limits. Your agent can help determine whether your equipment is properly included.
Does commercial property insurance cover inventory?
Inventory and merchandise may be covered under a commercial property policy when included as covered property and subject to the applicable limits, exclusions and conditions.
Does commercial property insurance cover business income?
Business income or business interruption coverage may be available to address certain income losses resulting from a covered property loss. It is subject to the policy’s terms, conditions, limits and exclusions.
Do I need commercial property insurance if I rent my business space?
You may still need coverage for your business personal property, equipment, inventory, furniture and other eligible property even when you lease your building. Your lease may also establish insurance requirements.
How much commercial property insurance does my business need?
The appropriate amount depends on factors such as the value and type of your building, equipment, inventory, business contents, location and operations. Lavon Insurance can help you review your property exposures and available coverage options.
Protect Your Business Property
Your building, equipment and inventory are important parts of your business. Let Lavon Insurance help you explore commercial property insurance options for your Texas business.
Get a Commercial Insurance Quote Call (972) 853-8884Insurance coverage is subject to the terms, conditions, limits, exclusions and endorsements of the applicable policy. Coverage availability, eligibility and pricing vary by insurance carrier and individual risk. This page is for general informational purposes and does not modify or replace the terms of an insurance policy.