Commercial Property Insurance

Q: Is Commercial Property coverage the same as BOP insurance (Business Owner’s Policy)?

BOP insurance , also called a Business Owner’s Policy , combines commercial property insurance with general liability insurance . A BOP can cover business goods included with commercial property insurance as well as general liability risks, such as slip-and-fall accidents and damage to other people’s property. When both are combined in one package, it can be less expensive than buying them separately. Learn more about BOP insurance coverage .

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What is Commercial Property insurance?

Commercial property insurance can help owners and renters protect the physical assets of a business, such as inventory, fixtures, furniture, building structures and other business property.

What can Commercial Property insurance cover?

Theft of business gear from your store
Inventory damage
Building structural damage
Damage to business fixtures you own
Business income interruption
Equipment failure

How much is Commercial Property insurance?

Starting at $18/month^†

Buy online in about 10 minutes, and cancel anytime.

Who type of risks can harm your business?

Theft and burglary
Vandalism
Fire
Water
Wind
Hail

Insurance for commercial property can help protect the goods you need for business

Theft of business goods and gear

You turn your back and someone steals your business laptop from your store. You’ll need a replacement.^**

Inventory damage

A pipe bursts and ruins all inventory in your stockroom. Your business is literally underwater.

Building structural damage

A tree unexpectedly falls on your shop’s roof. Replacement could be costly.

Damage to business fixtures

Furniture, flooring and custom-built shelving get singed in a fire. Rebuilding might be expensive.

Equipment failures

Your HVAC unit stops working the day after the warranty expires.

Business income interruptions

A storm damages your business and you have to close for three weeks for repairs.

How much does Commercial Property insurance cost?

Commercial property insurance policies can cost as little as $18/month^† for some low-risk businesses.

Several factors influence the price you’ll pay for insurance, including:

Your industry
Your business operations
The size of your business
Where you do business
Your business needs and how much coverage you choose
Policy limits

How to get a Commercial Property insurance online quote

Start a free online quote

In about 10 minutes you’ll see the exact price you’ll pay for commercial property insurance online.

Customize your coverage

Adjust your policy limits and deductibles to pick the right coverage at the right price.

Buy 100% online

Your coverage is effective immediately after payment. And your certificate of insurance is ready at no extra cost.

Who needs commercial rental property and commercial property owner insurance?

Restaurants and food service

Retail and e-commerce

Sports and fitness

Arts and entertainment

Beauty and personal care

What other types of business insurance do I need?

Online commercial property insurance doesn’t protect your business from everything. It’s best to combine it with other types of business insurance to help cover more risk.

General Liability insurance

General liability insurance can help provide coverage for injuries to people who are not employees. It can also help cover damage that your business causes to property that doesn't belong to you.

Workers’ Compensation insurance

Most states require workers’ compensation if you have employees. It can help cover medical expenses and lost wages after an employee’s workplace accident.

BOP insurance (Business Owner’s Policy)

BOP insurance combines the protections of general liability and commercial property into a single policy that’s often more cost-efficient. It can cover both liability and your business property, inventory and fixtures.

Other types of liability coverage

Professional liability insurance can help protect your business from losses after a professional mistake. Depending on your industry, you might also benefit from product liability insurance (retail) or liquor liability insurance (food service).

Commercial Property Owner insurance FAQ (frequently asked questions)

Is Commercial Property insurance legally required?

Building insurance for commercial property is not usually required by law.

However, commercial landlords may require you to have insurance for a commercial rental property when you sign a lease. Financial lenders could also require you to have coverage to buy business property with a bank loan.

How do I make a Commercial Property insurance claim?

You can file a claim anytime online or in the ERGO NEXT app.

You’ll be asked to share the details of what happened and to provide relevant photos and documentation. We strive to make claims decisions as quickly as possible so that you can get back to work.

Learn how to file a claim..

When will I get my policy and proof of insurance?

It takes about 10 minutes to get a quote, buy coverage and get access to policy documents and your certificate of insurance (COI).

You can access your documents and COI 24/7 online or in the ERGO NEXT app for iPhone or Android.

Do I need property commercial insurance if I don't own the building?

Whether you lease or own a space for your business, commercial property owner insurance coverage can help protect your essential business assets — laptops, furniture, shelving, business equipment, HVAC units and more — inside the building.

How much Commercial Property insurance do I need?

The amount of commercial property insurance best for your business depends on many variables, such as:

Property value
Location
What the building is used for
The number of employees and customers you have
Your building structure and stability
Preventive measures like fire-retardant materials, sprinklers and alarms

Knowing the value of your building, inventory and equipment can help you decide on the amount of coverage you require — and not overpay on insurance.

Commercial property insurance policies are based on the actual cash value of your business assets, or what it would cost to replace your property in its current condition. Note that this is different than your business property’s replacement value, which is the cost to replace or repair your property if it’s damaged or destroyed.

Learn more about actual cash value and replacement value.

Is Commercial Property coverage the same as BOP insurance (Business Owner’s Policy)?

BOP insurance, also called a Business Owner’s Policy, combines commercial property insurance with general liability insurance.

A BOP can cover business goods included with commercial property insurance as well as general liability risks, such as slip-and-fall accidents and damage to other people’s property.

When both are combined in one package, it can be less expensive than buying them separately.

Learn more about BOP insurance coverage.

Does Commercial Property insurance cover theft?

Property commercial insurance can include protection against theft of your business property at your business location.

If you’re in construction or cleaning and you often carry gear between job sites, you would need tool and equipment insurance (also known as Inland Marine insurance coverage) if someone steals your tools.

Learn more about tools and equipment insurance.