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What's commercial property insurance?

If you run a small business or find yourself here because you read our last blog post on businessowner’s  , or BOPs, you’ve likely realized by now that your company may have a lot to learn about commercial property and liability insurance. That’s okay – everyone has to start somewhere, let the experts at ABD help.

Let’s start by defining commercial property insurance. Often included as part of a packaged businessowner’s policy, but also as a stand-alone policy, commercial property insurance covers damage to a company’s building and its contents due to covered perils, such as fire, theft, or natural disasters. If your company has a building with land, computers, equipment, or inventory, you probably need property insurance.

The amount of coverage your business needs and the cost of this coverage, however, will vary depending on the nature of your business and the value of its assets. Coverage can either cover all risks except those specifically included or only those risks which are specifically named in the policy. The cost of this coverage will depend on how you value your company’s assets and whether you opt to include coverage for things like business interruption or risks specific to your business’s location and industry.

While there’s a lot to consider when choosing the right commercial property insurance plan or businessowner’s policy, it doesn’t need to be complicated!

For more information, read on in our Entrepreneur’s Guide to Business Insurance

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Source: IRMI Glossary


The ABD Team

About the author

The ABD Team

ABD Insurance and Financial Services provides risk management, insurance brokerage, human resources, and retirement consulting services. Our advisors offer guidance and craft innovative solutions to help address risk for clients of varying sizes, growth stages, and industries.


The information provided is of a general nature and an educational resource. It is not intended to provide advice or address the situation of any particular individual or entity. Any recipient shall be responsible for the use to which it puts this document. Newfront shall have no liability for the information provided. While care has been taken to produce this document, Newfront does not warrant, represent or guarantee the completeness, accuracy, adequacy, or fitness with respect to the information contained in this document. The information provided does not reflect new circumstances, or additional regulatory and legal changes. The issues addressed may have legal, financial, and health implications, and we recommend you speak to your legal, financial, and health advisors before acting on any of the information provided.

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