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Commercial Property Insurance

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First State Agency/ commercial property insurance

Commercial Property Insurance Provided By Our Agency

The place you do business says a lot about your success. Maybe your wholesale company acquired a second warehouse. Or you might have added extra stations at your beauty salon. Whatever purpose your commercial property serves, you need to protect it from the unexpected. As a small business owner, too, we understand your challenges — and can help you understand your coverage options so you can select the coverage you want.

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Damage to property
Loss of important documents
Loss of inventory
Making risky investments

Damage to property coverage

Risk Factors

Your small business is located in California, and it’s been a dry season. Unfortunately, California is prone to wildfires. Your business property is destroyed in the fire.


Your insurance company will cover the cost of rebuilding the property, income lost during the period of rebuilding, and any equipment that was destroyed in the fire.

Loss of important documents coverage

Risk Factors

A sudden circuit failure in the night burns down a room full of important documents and past records.


Your insurance company will be paying you for the reimbursement of making the documents again.

Loss of inventory coverage

Risk Factors

You show up at your business office to find the door ajar and broken glass everywhere. You see that all of your computers have been stolen.


If you choose replacement cost value under your property insurance, your insurance company will replace the broken window and computers.

Making risky investments coverage

Risk Factors

Storms sweep through your area and a tornado touches down close to your small business. A tree has fallen through the side wall damaging your furniture badly.


Your insurance company will process your claim and cover the cost of repair or replacement to your commercial property.

Personal Possessions Coverage

Risk Factors

You mastered the basics of surfing during lessons in Hawaii but your wedding ring is stolen.


With personal possessions coverage, lost jewellery is covered up to your policy limits.

What is Commercial Property Insurance?

Commercial property insurance is something every company needs – whether you own your building, lease, or work from home. One of the core coverages in commercial property insurance protects your building and its contents and exterior fixtures, such as a fence or outdoor sign.

Commercial property insurance protects your company’s physical assets from fire, explosions, burst pipes, storms, theft, and vandalism. Unfortunately, earthquakes and floods typically aren’t covered by commercial property insurance unless those perils are added to the policy.

What does Commercial Property Insurance cover?

Commercial property insurance covers your building, everything in it and just outside of it, including:

  • Computers
  • Furniture and equipment
  • Exterior signs
  • Fence and landscaping
  • Important documents
  • Inventory
  • Others’ property

What additional Commercial Property Insurance can you buy?

Commercial property insurance pays for losses and damages to real or personal property. For example, a property insurance policy would cover fire damage to your office space. You can purchase additional coverages for business property, including:

Boiler and Machinery Insurance

Boiler and machinery insurance, sometimes referred to as “equipment breakdown” or “mechanical breakdown coverage,” provides coverage for the accidental breakdown of boilers, machinery, and equipment.

Debris Removal Insurance

Debris removal insurance covers the cost of removing debris after a fire, flood, windstorm, etc.

Builder’s Risk Insurance

Builder’s risk insurance covers buildings while they are being constructed. For example, a Builder’s risk policy would cover losses if a windstorm takes down your partially completed condominium complex.

Glass Insurance

Glass insurance covers broken store windows and plate glass windows.

Inland Marine Insurance

Inland marine insurance covers property in transit and other people’s property on your premises. For example, this insurance would cover fire damage to customers’ clothing from a fire at your dry cleaning business.

Business Interruption Insurance

Business interruption insurance covers lost income and expenses resulting from property damage or loss.

Ordinance or Law Insurance

Ordinance or law insurance covers the costs associated with demolishing and rebuilding to code when your building has been partially destroyed (usually 50 percent). However, property insurance covers only the replacement value, not the upgrade.

Tenant’s Insurance

Commercial leases often require tenants to carry a certain amount of insurance. For example, a renter’s commercial policy covers damages to improvements you make to your rental space and damages to the building caused by the negligence of your employees.

Crime Insurance

Crime insurance covers property crimes such as theft, burglary, and robbery of money, securities, stock, and fixtures from employees and outsiders.

Fidelity Bonds

A bond company covers losses due to a bonded employee’s theft of business property and money.

The Importance of Commercial Property Insurance

No matter what size your business is or the nature of the business, accidents, and losses happen. In addition, a business faces losses because of fires, thefts, storm damage, flooding, traumatic events, and even power outages.

Because we can’t predict when or if these things will ever happen on our property, it is important always to have the right protection with complete commercial property insurance.

Contact us today to learn more about commercial property insurance and the various options you can have.

Already have Commercial Property Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.
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