Commercial property insurance can help your business if:

• Beauty Salons
• Consultants
• Photographers
• Retail Stores
• Restaurants
• Technology Firms

• Location: If your business is located in a populated area that has higher risk for crime or vandalism, you may pay a higher rate.
• Construction: Materials used in the construction of your business can impact your commercial property insurance cost. For example, buildings made from fire-resistant materials will typically cost less to insure.
• Occupancy: Businesses with larger amounts of people consistently on the premises, like restaurants, will likely pay higher insurance costs.
• Fire and threat protection: Installing safety features like smoke detectors and burglar alarms at your business may help lower your rate.

1. Actual cash value: How much it’d cost to replace an item, minus its depreciation (meaning how old it is or its condition).
2. Replacement cost value: How much it’d cost to replace an item with something similar or the same.
3. Fair market value: The cost of an item if it were to go on the market today.

• Your customer drops their laptop when they trip over a box in your office
• One of your employees puts a hole in your client’s wall
• You get into an accident while making a delivery to a customer and damage your vehicle
• A nearby brook overflows after a heavy rainfall causes flooding near your building and damages your inventory
• You or your employees intentionally damage property

You can get commercial property insurance as a standalone policy. But many small businesses choose to get a Business Owner’s Policy (BOP), which combines three types of essential coverage, including:

Commercial property insurance helps protect your business’ building and tools that you use to operate.