Commercial Insurance
Commercial Property
Protects the physical things your business owns and uses, from the building itself to the equipment and inventory inside it.
What it is
Commercial property insurance protects the physical things your business depends on, from the building itself to the equipment, inventory, and improvements inside it. In Western New York, where lake-effect winters, aging buildings, and freeze-ups are real, the right property coverage is what gets you back open after a fire, a burst pipe, or a storm.
What Commercial Property covers
- Your building or the space you own or lease, depending on how it is written
- Equipment, machinery, tools, computers, and furniture
- Inventory and supplies kept on site
- Losses from covered events like fire, theft, vandalism, and storm damage
- Business income and extra expense coverage when added, to help while you recover
WNY note: standard property policies exclude flood, and sewer or drain backup is usually an add-on. We make sure those winter and water gaps are handled where you need them.
FAQ
Commercial Property: common questions
Does commercial property cover flood or sewer backup?
Flood is excluded from standard policies and covered separately, and sewer or drain backup is usually an add-on. Given WNY winters, we make sure both are addressed if you are exposed.
Replacement cost or actual cash value?
We usually recommend replacement cost so a covered loss rebuilds at today's prices instead of a depreciated value. We will walk you through the trade-off.
I lease my space. Do I still need it?
Yes, for your equipment, inventory, and any improvements you have made. The landlord's policy covers the building, not your contents.
Guidance for your decision
Compare your options with a local agent.
We help you review commercial property options from carriers including The Hartford, explain the differences, and choose coverage that fits your business.