Buildings
The structure itself, where the business owns its premises.
Business Insurance
Commercial property and the income behind it.
Property cover repairs the building and replaces the contents. Business interruption replaces what you could not earn while that happened — and it is usually the larger number.
Commercial property insurance covers the physical things a business depends on: the premises, the contents, the stock and the equipment. In North Texas, hail and windstorm dominate the claims picture, and the way a policy handles roofs, deductibles and valuation determines what you actually recover.
Replacement cost, valuation and coinsurance
Replacement cost settles at what it costs to replace property today. Actual cash value deducts depreciation first. On a commercial roof or ageing plant equipment that difference decides whether a claim rebuilds the business or merely contributes to it.
Coinsurance is the clause that catches owners out. If your building is insured for materially less than its value, the policy can reduce the payment on even a partial loss in proportion to the shortfall. Insuring to value is not about buying more cover than you need — it is about the claim you do make being paid in full.
If you lease your premises
A tenant does not insure the landlord's building, but does need to insure improvements and betterments — the fit-out, partitions, flooring and fixtures installed for your business. Those are frequently substantial and frequently uninsured because both parties assume the other has them.
Your lease will usually specify property and liability limits, and often requires the landlord to be named. Send it over and we will read it against your programme rather than leaving you to interpret the clause.
What it covers
The parts of a commercial property insurance policy
Contents and stock
Furniture, fittings, inventory and everything else inside the building.
Tenant improvements
The fit-out you paid for in a leased space, which the landlord's policy does not cover.
Business interruption
Lost income and continuing expenses while you cannot trade after a covered loss.
Inland marine
Tools, equipment and property in transit or away from the premises, which property forms exclude.
Equipment breakdown
Mechanical and electrical failure of plant, HVAC and refrigeration, which is not a standard property peril.
Working with us
What we do differently
We are an independent agency, so we place your commercial property insurance across several carriers rather than fitting you to one company's product. That means a genuine comparison, and someone to call who is not a call centre.
- Insure to value — coinsurance can reduce even a small claim
- Confirm the wind and hail deductible, which is usually a percentage in North Texas
- Cover tenant improvements if you lease; the landlord's policy will not
- Add business interruption and check the indemnity period is realistic
Common questions
Commercial Property Insurance, answered
Does commercial property insurance cover flood?
No. As with personal property policies, flood is excluded and must be arranged separately. Commercial flood cover is available through the NFIP and private carriers.
What is coinsurance and why does it matter?
Coinsurance requires you to insure the property to a stated percentage of its value, commonly 80% or 90%. If you are underinsured, the policy reduces the payment on a partial loss in proportion to the shortfall — so underinsurance costs you even on small claims.
I lease my premises. What do I need to insure?
Your contents, stock, equipment and any improvements or fit-out you paid for. The landlord insures the building itself, but tenant improvements are typically your responsibility and often overlooked.
Is business interruption included automatically?
Not always, and where it is included the limit or indemnity period is often too short. It is worth setting deliberately based on how long the business would realistically take to recover.
Are my tools covered when off site?
Usually not under a standard property form, which covers property at the premises. Tools and equipment away from the premises belong on an inland marine policy.
Related cover
Often arranged alongside this
Business Insurance
A shop, a contractor and a software firm face entirely different risks. We place commercial cover across multiple carriers rather than fitting you to one company's template.
Read moreGeneral Liability Insurance
Commercial general liability covers claims brought against your business by other people. It is also the policy almost every client contract and commercial lease requires you to hold.
Read moreFlood Insurance
No homeowners, condo or renters policy covers rising water. In DFW, flooding is a flash-flood and drainage problem as much as a floodplain one.
Read moreReady for a commercial property insurance quote?
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