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Commercial Property

Trust experienced business insurance agents to take care of your property. 

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We can help you protect your physical property and loss of income if your business is unable to operate. 

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Commercial Property: Service

Frequently Asked Questions

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What does commercial property insurance include?

Commercial property insurance is a type of insurance that covers the physical property of a business, including the building, contents, and equipment. It can also cover losses due to business interruption, meaning the loss of income if the business is unable to operate due to a covered loss.

Commercial property insurance typically covers the following:

  • Building: The structure of the building, including the walls, roof, and foundation.

  • Contents: The furniture, fixtures, equipment, and inventory inside the building.

  • Outdoor property: Landscaping, signs, and other structures outside the building.

  • Business interruption: Loss of income if the business is unable to operate due to a covered loss.

  • Additional expenses: Costs incurred to continue operating the business, such as rent, utilities, and insurance premiums.

Does my business need commercial property insurance?

The specific coverages included in a commercial property insurance policy will vary depending on the type of business and the risks involved. For example, a restaurant might need coverage for food spoilage if the refrigerator breaks down, while a doctor's office might need coverage for medical equipment. These are the different types of insurance you may need: 

  • Commercial property insurance: This type of insurance covers the physical property of your business, including the building, contents, and equipment.

  • Business interruption insurance: This type of insurance covers the loss of income and extra expenses if your business is unable to operate due to a covered loss.

  • Liability insurance: This type of insurance covers the cost of legal fees and damages if someone is injured or their property is damaged on your property.

Is commercial property insurance expensive?

The cost of commercial property insurance will depend on a number of factors, including the size of the business, the value of the property, the location of the business, and the risks involved.

Here are some examples of how much commercial property insurance can cost for different businesses:

  • A small retail store with a $100,000 policy limit might pay around $500 per year.

  • A large office building with a $1 million policy limit might pay around $2,000 per year.

  • A restaurant with a $500,000 policy limit might pay around $1,000 per year.

Commercial Property: FAQ
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