Commercial
Commercial property
Safeguards your building, equipment, and income from damage, theft, and loss.
What it covers
The essentials, at a glance.
In practiceA fire or burst pipe damages your building, and this pays to repair the structure so you can reopen.
Not coveredProperty in transit or stored off your premises isn't covered here, that is where cargo coverage comes in.
In practiceA power surge fries your equipment or a break-in wrecks your gear, and this pays to repair or replace it.
Not coveredMechanical or electrical breakdown from within the equipment may need separate equipment-breakdown coverage.
In practiceSmoke or water ruins your stock ahead of a busy season, and this pays to replace the inventory you lost.
In practiceA storm tears down your signage or destroys your paper records, and these often-forgotten items are covered too.
Not coveredData and software themselves are usually addressed by cyber coverage, not property.
In practiceAfter a total loss, rebuilding to current code costs more than the old building, and debris removal and code-upgrade extras help close that gap.
Not coveredThese extras apply only up to the sub-limits set in the policy, not without limit.
Talk to a local broker
Help protecting your assets, and the income that depends on them.