Protects the building, equipment, and inventory your business runs on — from fire, wind, theft, and the monsoon storms that roll through the Valley every summer.
Commercial property insurance covers physical loss or damage to the building you own or lease, along with the contents inside it — furniture, fixtures, equipment, inventory, and signage. Covered perils typically include fire, windstorm, hail, theft, vandalism, and certain water damage, depending on the policy form.
Arizona's monsoon season brings real property risk every summer — high winds, hail, and flash flooding can all damage roofs, signage, and building contents. A commercial property policy is what stands between one bad storm and a business-ending repair bill.
If you own your commercial building, you'll typically insure both the structure and its contents. If you lease your space, you generally only need to insure your business personal property — equipment, inventory, and improvements you've made — since the landlord insures the building itself. Either way, if you carry a mortgage or a lease requires it, proof of commercial property coverage is almost always mandatory.
Many commercial property policies can be extended with business income (business interruption) coverage, which replaces lost income and helps cover ongoing expenses if a covered loss forces you to temporarily shut down. For a small business, this is often the difference between reopening after a fire and closing for good.
Yes, in most cases — while your landlord insures the building, you're still responsible for insuring your own equipment, inventory, and improvements as business personal property.
Standard commercial property policies generally exclude flood; it typically requires a separate flood policy. Wind-driven rain and monsoon-related water intrusion may be covered depending on the policy form — we'll confirm exactly what your policy includes.
Replacement cost pays to rebuild or replace property at current prices, while actual cash value factors in depreciation. Replacement cost coverage costs more but avoids being underinsured after a total loss.
Call or text 480.789.1844 for a commercial property quote for your Arizona location.