Why commercial property insurance is a valuable purchase for businesses

by Garden Home Realty LLC 04/14/2025

Commercial property insurance featured image with picture of storage space

Small and large businesses alike have much to handle every day however emergencies can arise, taking daily operation off course. This is why it’s important for companies to have commercial property insurance to protect the structure of their work base. 

What types of damages are covered under the commercial property insurance policy?

Commercial property coverage offers financial protection from: 

  • Theft.
  • Hail.
  • Wind.
  • Vandalism. 
  • Fire. 
  • Lightning strikes.
  • And more. 

Items insured include the building structure, work supplies, inventory and building attachments. For example, a fire may break out at a used tire shop, destroying inventory. The business owners can be financially compensated with replacement cost of supplies, and they can also receive lost income compensation. 

What is excluded from commercial property insurance?

Typically, auto accidents in company vehicles are covered by commercial auto insurance instead of commercial property insurance. Flood damage is not secured under standard commercial property insurance coverage, instead, a separate policy for flood coverage would need to be purchased to cover water damages. 

How much does commercial property insurance cost?

On average, commercial property insurance is about $800 a year. Business location, materials used for construction, industry type and more can affect policy cost. 

Who needs commercial property insurance?

Having commercial insurance is essential for company owners to protect their business. Business owners who have an office space, storage units, inventory or office supplies may need insurance to financially protect themselves from perils. 

 As a business owner, expenses can seem to come from everywhere, however, investing in commercial property insurance is well worth the cost as it provides financial security for your company.



About the Author
Author

Garden Home Realty LLC

Welcome to Garden State Realty LLC, a trusted boutique real estate brokerage located in Livingston, New Jersey, proudly serving clients from across the globe. With a passion for real estate and a track record of success, we’ve built a reputation for excellence, professionalism, and a personal touch that sets us apart.

At the heart of our service are the key traits of exceptional real estate professionals: unwavering integrity, in-depth market expertise, innovative marketing strategies, skilled negotiation, and a well-connected professional network. These qualities define how we do business and ensure that every client receives outstanding results.

We are committed to delivering top-tier service by putting your needs first, actively listening, communicating with clarity, and responding promptly to your concerns. Whether you're buying, selling, or investing, you can count on us to be your reliable partner every step of the way. Welcome to a real estate experience where your goals become our mission.

欢迎来到 Garden State Realty LLC,一家值得信赖的精品房地产经纪公司,位于新泽西州利文斯顿,致力于为来自世界各地的客户提供优质服务。凭借对房地产行业的热情和卓越的成功记录,我们赢得了卓越、专业以及独特个性化服务的良好声誉,使我们在行业中脱颖而出。

我们服务的核心在于优秀房地产专业人士的关键特质:坚定不移的诚信、深入的市场专业知识、创新的营销策略、娴熟的谈判技巧以及广泛的高质量专业网络。这些品质是我们业务的基础,确保每位客户都能获得卓越的成果。

我们致力于提供顶级服务,通过将您的需求置于首位,积极倾听、清晰沟通,并迅速响应您的每个需求。不论您是买房、卖房还是投资,您都可以信赖我们作为可靠的合作伙伴,全程陪伴您左右。欢迎加入我们的客户群体,在这里,您的目标就是我们的使命。