Commercial Property

One of the most common types of business insurance, Commercial Property insurance provides a wide range of first -party coverage for tangible assets- real and personal property owned by your business.

In addition to offering protection for buildings, contents, inventory, equipment, tools and more, Commercial Property insurance may also cover loss of income suffered by a business when damage to its premises by a covered cause of loss interrupts its operations. 

Property coverage safeguards the insured’s assets from a variety of causes of loss. There are many forms and approaches starting with the general and moving to the specific. Examples of what losses are typically covered: 

  • Fire
  • Vandalism
  • Windstorm or hail
  • Damage caused by sprinkler leakage

Commercial property insurance premiums are based on such things as: 

  • Location
  • Type of construction
  • Square footage
  • Occupancy
  • Fire protection
  • Sprinklered or not sprinklered
  • Loss prevention efforts
Towne Insurance advisors work with you to develop the approach that is right for your business or organization.