Home / Business insurance / Commercial property
Commercial property
Buildings, contents, and equipment — with hail and wind terms that matter more in North Texas than anywhere else.
Start the commercial property application →- What it covers
- The building, or your buildout in a leased space
- Equipment, stock, and property in transit between sites
- Business income while you're shut down for repairs
- Equipment breakdown, if you add it
- What it doesn't cover
- Flood, which is a separate policy
- Wear and tear, and damage from deferred maintenance
- Ordinance and law upgrades, unless endorsed on
- Typical limits
- Set to replacement cost. Insuring below actual value triggers a coinsurance penalty that reduces every claim payment, not just total losses.
- Worth knowing
- Watch the wind and hail deductible. It's often a percentage of the building value rather than a flat dollar amount, which on a $2M building can mean $40,000 out of pocket.
Common questions about commercial property
What does commercial property cover?
The building, or your buildout in a leased space. Equipment, stock, and property in transit between sites. Business income while you're shut down for repairs. Equipment breakdown, if you add it.
What does commercial property not cover?
Flood, which is a separate policy. Wear and tear, and damage from deferred maintenance. Ordinance and law upgrades, unless endorsed on.
What limits are typical?
Set to replacement cost. Insuring below actual value triggers a coinsurance penalty that reduces every claim payment, not just total losses.
What should I watch out for?
Watch the wind and hail deductible. It's often a percentage of the building value rather than a flat dollar amount, which on a $2M building can mean $40,000 out of pocket.