Business buildings, equipment, and inventory
Commercial property insurance for your building and equipment
Your building, equipment, and inventory are what keep your business running. Commercial property insurance helps you repair or replace them after a fire, storm, theft, or other covered loss. Kaufman Insurance Group compares commercial property options from multiple companies.
- Coverage for buildings you own and property you keep inside
- Options for lost income while you rebuild
- Help setting values so you are not underinsured
Personal & Commercial · Quick Quotes – Good Rates · Great Companies
As an independent agency, we compare commercial property insurance from the companies we work with. The companies that can quote you depend on your type of business, your operations, where you work, and each company’s own rules.
These logos show some of the insurance companies Kaufman Insurance Group may be able to quote as an independent agency. Showing a logo does not mean the company endorses us. Which companies can offer you coverage depends on the type of insurance, where you live, and each company’s own rules.
The basics
What commercial property insurance is
Commercial property insurance covers the physical things your business owns. That can include a building you own, and the business personal property inside it, such as furniture, computers, tools, machinery, and inventory.
You do not need to own a building to need property coverage. If you rent your space, your landlord’s policy covers the building, but usually not your equipment, inventory, or improvements you made to the space. Your lease may also require you to insure certain items.
Policies differ in what causes of loss they cover and how they pay claims. Some cover only named causes such as fire and wind. Others cover all causes except those listed as exclusions. Claims can be paid at replacement cost, which is the cost to replace with new, or at actual cash value, which subtracts depreciation. We explain these choices clearly.
If you own your building
Coverage for the building itself plus your business property inside it.
If you rent your space
Coverage for your equipment, inventory, and any improvements you made to the space.
Know what you are choosing
What commercial property insurance typically includes
These are the common parts of a commercial property policy. The options depend on the company and your business.
Building coverage
Helps repair or rebuild a building you own after a covered loss.
Business personal property
Helps replace furniture, equipment, tools, and inventory.
Business income
Helps replace lost income while you are closed for repairs after a covered loss.
Extra expense
Helps with extra costs to keep operating, such as a temporary location.
Equipment breakdown
Optional coverage for sudden breakdown of equipment such as HVAC systems, boilers, and electrical systems.
Outdoor property and signs
Options for fences, signs, and other property outside your building, depending on the policy.
Flood and earthquake are usually excluded from commercial property policies and need separate coverage.
Is it right for you
Who needs commercial property insurance
Any business with a physical location, equipment, or inventory should look at property coverage. Lenders and landlords often require it.
Building owners
Owners of offices, shops, warehouses, and mixed-use buildings.
Retail and inventory businesses
Stores and wholesalers whose inventory is a major asset.
Shops and manufacturers
Businesses with machinery and tools they cannot operate without.
Tenants who improved their space
Businesses that built out or remodeled rented space.
Not sure if your building or equipment values are up to date? An agent can review them with you.
How Kaufman helps
How we help you insure your business property
We are an independent agency, so we can compare property coverage from multiple companies and help you decide whether a stand-alone policy or a business owners policy fits better.
Tell us about your property
Share your building details, construction, updates, and the value of your equipment and inventory.
We compare options
An agent reviews options from the companies we work with and explains coverage forms and valuation.
Choose your coverage
Pick your coverage, deductible, and business income limits. We review values with you at renewal.
We focus on Ohio and North Carolina, and we can also help businesses in most other states. Keeping an updated list and photos of your equipment and inventory makes claims easier.
Common questions
Commercial property insurance questions
What does commercial property insurance cover?
It covers physical property your business owns, such as a building, equipment, furniture, and inventory, against covered causes of loss like fire, wind, and theft.
Do I need property insurance if I rent my space?
Usually, yes. Your landlord’s policy generally covers the building, not your equipment, inventory, or improvements. Your lease may also require coverage.
What is business income coverage?
Business income coverage helps replace lost income and pay ongoing expenses if a covered loss forces your business to close temporarily.
Does commercial property insurance cover floods?
Usually not. Flood is typically excluded and needs separate coverage.
Should I buy a BOP instead?
A business owners policy combines property and liability coverage and may fit many small businesses. Larger or higher-risk businesses may need a separate property policy. We can compare both.
Related coverage
Coverage that works with commercial property
Business owners policy
A package that combines property and liability coverage for many small businesses.
Explore business owners policiesGeneral liability insurance
Protection if your business is blamed for injuring someone or damaging their property.
Explore general liabilityCommercial auto insurance
Coverage for the trucks, vans, and cars your business uses.
Explore commercial autoCommercial insurance hub
See all the business insurance we can help with, from liability and property to vehicles and contractors.
Explore commercial insuranceReady to protect your business property?
Start a commercial property quote online, or contact us with questions. An agent will help you compare options.
Prefer to talk? Call (330) 486-8404.