What is Commercial Property insurance?
Commercial property insurance protects the physical items your business relies on—inventory, equipment, furniture, and even improvements you make to a leased space. Whether you own or rent, this coverage ensures you’re financially protected if a fire, theft, or other covered event disrupts your operations.
For example, if a fire damages your studio, commercial property insurance can help cover repair costs, lost income, and moving expenses to get you back in business fast. Starting at just $18/month†, it’s an essential safety net for your business property and income.
Commercial Property can help cover:
Business goods and gear
You turn your back and someone does the 100-yard dash with your business laptop. You’ll need a replacement.
Inventory
A pipe bursts and ruins everything in your stockroom. Your business is literally underwater.
Buildings
A tree unexpectedly falls on your shop’s roof.
Equipment breakdowns
Your HVAC unit stops working the day after the warranty expires.
Business income interruptions
A fire damages an exterior wall at your business and you have to close for three weeks during repairs.
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Frequently Asked Questions
How much does Commercial Property insurance cost?
Commercial property insurance can start as low as $18/month†, making it an affordable way to protect your business property and operations.
Your exact cost depends on factors like the value of your equipment, the type of work you do, and where your business is located. With ERGO NEXT, getting a personalized quote is fast and easy—just answer a few quick questions about your business, and we’ll provide a price tailored to your needs.
Who needs Commercial Property?
If your business relies on equipment, inventory, or a physical space to operate, commercial property insurance can help protect you from financial losses due to theft, damage, or disasters.
You may need commercial property insurance if you:
- Run your business out of a physical location, such as a leased or owned office, store, garage or your home
- Own or lease equipment or inventory that could get stolen or damaged
- Would have to close your business if your property is destroyed or broken
Businesses commonly covered by ERGO NEXT include:
- Restaurants, caterers and food trucks
- E-commerce
- Retail business (brick and mortar)
- Beauty and personal care
- Arts & Entertainment
- Professional Services
- Fitness
Can Commercial Property insurance help pay for damage from natural disasters?
Yes, commercial property insurance can help cover damage to your business property caused by fire, wind, and hail. This includes weather-related events such as:
- Wildfires
- Tornados
- Windstorms
ERGO NEXT doesn’t offer insurance protection for earthquakes, volcanoes and floods. Flood insurance is often purchased through the federal government’s National Flood Insurance program.
Are man-made disasters covered?
ERGO NEXT policies can provide financial help after some qualifying man-made disasters, including rioting and vandalism.
Terrorism events can be added as optional coverage.
Do I need Commercial Property insurance if I don’t own the building?
Yes, even if you lease your space, commercial property insurance is essential to protect what’s inside the building. This includes equipment, inventory, furniture, and other items you need to run your business.
Let’s say you rent a space for your clothing shop or restaurant. If you were to turn the building upside down and shake it, almost everything that falls out could be covered by commercial property insurance.
