A two-storey commercial building lit by the evening sun

HomeBusiness insuranceCommercial property

Commercial property insurance for what your business owns.

Coverage for buildings, equipment, furniture and inventory that are stolen, damaged or destroyed by a covered cause. Tell us about the property and a licensed agent follows up.

Request a quoteWhat it covers

Or call (619) 382-3810, Monday to Friday, 8:30am to 5pm Pacific.

What it covers

What applies, and how much, depends on how your business actually runs.

  • BuildingsBuildings you own or lease for the business, including permanently installed fixtures, machinery and equipment.
  • Business personal propertyFurniture, fixtures, equipment that is not permanently installed, inventory and other property used in the business.
  • Property of othersProperty in your business’s care, custody and control, if your type of business needs it.
  • Business incomeLost business income and extra expenses after a covered loss to your property.

FAQ

Commercial property, explained plainly

What does commercial property insurance cover?

Buildings you own or lease for the business, your business personal property, and the personal property of others in your care. It can be bought on its own or as part of a package with other coverage.

Which causes of loss are covered?

You choose. Specified perils covers a list, such as fire, explosion, windstorm and vandalism. Open perils covers all losses unless excluded; earthquake and flood are two common exclusions.

What is coinsurance?

The policy expects your buildings to be insured to their full value. If they aren’t, a penalty, called coinsurance, can apply when you have a loss.

Actual cash value or replacement cost?

Actual cash value is the most common valuation, and in California it is considered fair market value unless the policy says otherwise. Replacement cost pays to replace property with new property of like kind and quality, up to the limits.

Does it cover lost income after a loss?

Business interruption coverage can be added to replace lost business income after a covered loss, and extra expense coverage can help keep the business running.

Sources: California Department of Insurance, Commercial Insurance Guide · Insurance Information Institute, small business insurance basics. Coverage, price and approval are decided by the insurance company.

What to have ready

  • The address of each location
  • Whether you own or lease, and roughly what the building and contents are worth
  • What you have in place now, if anything

What happens next

  1. Tell us what you need. A few quick questions. It takes about two minutes.
  2. We review it. Someone licensed reads every request.
  3. We reach out. We talk it through with you. There is no obligation.
Request a quoteCall (619) 382-3810

Not sure which coverage you need?

Tell us how the business runs. A licensed agent works through which coverage belongs in the conversation.

Start the conversation

You may also need

  • If you request a quote, a licensed insurance agent may contact you.
  • Insurance: Coverage, price and approval are decided by the insurance company.