Building and structure coverage
Protects the physical building you own, including walls, roofing, flooring, and permanently installed fixtures.
Commercial Property Insurance to Safeguard Your Assets
Protect your buildings, equipment, and inventory from fire, theft, natural disasters, and other covered perils. Ashmont Insurance Agency compares commercial property policies from multiple carriers to find you the best coverage at the lowest premium.
What's covered
What does commercial property insurance cover?
Commercial property insurance provides financial protection for the physical assets your business depends on. Whether you own your building or lease your space, this coverage helps you recover quickly after a covered loss.
Business personal property
Covers furniture, computers, machinery, tools, inventory, and supplies that your business owns or is responsible for.
Business income and interruption
Replaces lost revenue and covers ongoing expenses when a covered event forces you to temporarily close or relocate.
Equipment breakdown
Covers the cost to repair or replace mechanical and electrical equipment that fails due to internal malfunction or power surge.
Tenant improvements
Protects upgrades and alterations you have made to a leased space, such as custom build-outs, fixtures, and renovations.
Who needs it
Common covered perils
Commercial property policies protect your assets against a wide range of perils. Understanding what is covered helps you identify gaps and choose the right policy limits.
- Fire and smoke damage — Covers losses from accidental fires, smoke, and damage caused during fire suppression efforts.
- Theft and burglary — Protects against loss of property due to break-ins, robbery, and employee theft when endorsed.
- Vandalism — Covers intentional damage to your building or property caused by third parties.
- Wind and hail — Pays for damage to roofing, siding, windows, and interior property caused by windstorms and hailstorms.
- Water damage — Covers sudden and accidental water damage from burst pipes or leaking roofs (flood damage requires a separate policy).
Why Ashmont Insurance Agency
The smarter way to buy commercial property insurance
Our platform removes the guesswork from finding the right coverage at the right price.
Instant comparison
Our platform analyzes your business profile and compares policies from multiple carriers in seconds, surfacing the best coverage combinations at prices a traditional broker would take weeks to find.
Multiple top-rated carriers
We work with America's leading commercial insurers including The Hartford, Travelers, Chubb, CNA, Liberty Mutual, and more. More options mean better rates and broader coverage for your business.
Licensed advisors on demand
Our platform handles the research, but licensed commercial insurance advisors are always available to review your coverage, answer questions, and help you make the right decisions for your business.
Industries We Serve
Commercial property insurance for businesses with assets to protect
Whether you own your building or lease your space, we find the right property coverage for your industry's unique risks.
FAQ
Commercial property insurance questions
Have more questions? Our licensed advisors are available by phone, email, or chat.
Commercial property insurance covers your business-owned buildings and structures, business personal property such as equipment, furniture, and inventory, loss of business income due to a covered event, equipment breakdown, and improvements made to leased spaces. Covered perils typically include fire, theft, vandalism, wind, hail, and certain types of water damage.
Commercial property insurance costs vary based on factors like the value of your property, building construction type, location, occupancy, fire protection, claims history, and the deductible you choose. Small businesses may pay as little as $500 to $1,500 per year, while larger operations with high-value assets can pay significantly more. Ashmont Insurance Agency compares rates from multiple carriers to find the most competitive premium for your specific situation.
Commercial property insurance is not mandated by law in most states, but it is often required by mortgage lenders if you finance your building, landlords if you lease space, and contracts with clients or partners. Even without a legal requirement, commercial property insurance is strongly recommended to protect your business assets from unexpected losses.
Replacement cost coverage pays to replace or repair damaged property at current market prices without deducting for depreciation. Actual cash value (ACV) pays the replacement cost minus depreciation, meaning you receive less for older items. Replacement cost policies have higher premiums but provide significantly better protection when you need to file a claim.
Standard commercial property insurance covers many perils including fire, wind, hail, lightning, and certain water damage. However, floods and earthquakes are typically excluded and require separate policies. Ashmont Insurance Agency can help you identify coverage gaps and secure additional policies for natural disaster risks specific to your location.
Protect your business property today
Get a personalized commercial property insurance comparison the same day. No obligations — just smarter coverage for your assets.