COMMERCIAL PROPERTY
Commercial property insurance, sized to your building and contents.
Standalone commercial property covers the building, business personal property, business income, and extra expense for mid-market and larger accounts where a packaged business owners policy is too small. We compare carriers.
What it covers
What standalone commercial property covers.
What it covers
Building coverage
Repair or replacement of the building itself after covered perils. Includes the structure, permanent fixtures, and improvements. Replacement cost is the standard, though older buildings may settle on actual cash value.
What it covers
Business personal property
Inventory, equipment, furniture, supplies, and other business contents inside the insured location. The coverage limit is set per location and can be scheduled or blanketed across multiple locations.
What it covers
Business income (business interruption)
If a covered loss interrupts operations, business income coverage replaces lost net profit, continuing payroll, and other fixed expenses during the restoration period. Critical for revenue-dependent operations.
What it covers
Extra expense
Costs above normal to keep the business operating during the restoration period: temporary location rent, equipment rental, expedited shipping. Pairs with business income to make the business whole.
Where policies have edges
Standard commercial property exclusions.
Not covered
Flood and earthquake
Excluded from standard commercial property. Flood requires separate NFIP or private flood. Earthquake is typically a separate endorsement or standalone policy.
Not covered
Wear and tear, mechanical breakdown
Standard exclusion. Equipment breakdown is a separate coverage (see our equipment breakdown insurance page) that covers boiler, HVAC, electrical, and mechanical failures.
Not covered
Ordinance or law
Code upgrades required to bring damaged property up to current code are excluded unless ordinance-or-law coverage is added. Critical for older buildings.
Not covered
Cyber and intangible losses
Data breach, ransomware, and intangible business interruption are excluded from commercial property. Cyber liability handles those exposures.
Who needs this
Who needs Commercial Property Insurance.
Mid-market and larger businesses whose property values, business income exposures, or operational complexity exceed what a business owners policy can handle. Typical accounts: $1M+ revenue, multi-location operations, manufacturing, healthcare, hospitality, larger retail.
What it costs
What you can expect to pay.
Commercial property pricing scales with building value, business personal property limits, business income exposure, location risk, construction type, fire protection, and claims history. Most mid-market Georgia accounts pay between $3K and $50K+ annually depending on size.
In Georgia
How this works in Georgia.
Georgia commercial property pricing is competitive in metro Atlanta and north Georgia for standard preferred risks. Coastal Georgia commercial property faces hurricane-related wind exposure and may require separate wind policies or higher wind deductibles. Construction type matters significantly: frame buildings face higher premiums than masonry or non-combustible.
If You Need to File a Claim
Claims tips
First Steps
Report the loss to your carrier the same day, commercial property policies have strict prompt-notice requirements and delay can give the carrier grounds to dispute coverage. Secure the premises against further damage (board windows, tarp a roof breach) and keep every receipt for those emergency expenses. Do not allow permanent repairs or debris removal until the adjuster has inspected or has given written authorization.
What to Document
- Photographs and video of every affected structure, fixture, and item of business personal property before anything is moved or cleaned up
- A detailed inventory of damaged or destroyed equipment, inventory, and contents, include make, model, serial number, purchase date, and estimated replacement cost where available
- Copies of purchase invoices, lease agreements, or prior appraisals that support the value of what was lost
- A log of any business interruption or extra expenses incurred as a result of the loss, your adjuster will ask for this even if your policy does not include business income coverage
Common Mistakes
Mixing flood damage into a commercial property claim causes the most friction. If water entered through an overflow, storm surge, or rising groundwater, that loss routes through a separate flood policy, filing it under commercial property leads to a coverage denial and lost time. A second common mistake is disposing of damaged inventory before the adjuster visits. Even if the goods are perishable or a safety hazard, photograph everything thoroughly and get written adjuster sign-off before disposal or the items may be excluded from the settlement. Equipment breakdown, a compressor, HVAC unit, or refrigeration system that fails mechanically, also sits under a separate coverage endorsement, not the base commercial property form.
When to Call Us
Any time the adjuster's scope of loss looks narrower than what you documented, or the settlement offer is based on actual cash value when your policy specifies replacement cost. We can review the policy language with you, clarify what the adjuster is required to substantiate, and connect you with a public adjuster if the loss is large enough to warrant one.
OUR CARRIER PANEL
Carriers We Work With
The carriers we compare are licensed and regulated in your state. We shop these markets and present the options that match your situation; a licensed advisor reviews the fit with you in a free coverage review.
Carriers reviewed by Olive Cover that write this coverage. An honest look at their appetite, strengths, and fit:
Common Questions
Commercial Property Insurance: frequently asked questions
What does ordinance or law coverage do?
Ordinance or law pays the additional cost to bring a damaged building up to current code during repair. Critical for older buildings where code has changed since original construction.
What is business interruption insurance?
Business interruption (also called business income) replaces lost net profit and continuing expenses when a covered loss shuts down operations. Often the largest financial impact of a property loss.
What is the difference between a business owners policy and standalone commercial property coverage?
A business owners policy bundles property, liability, and business income coverage for small to mid-market companies. Standalone commercial property is used for larger accounts where the bundled policy cap is too limiting.