The right Commercial Property Insurance goes beyond covering your property – it supports your ability to recover from the unexpected. Whether you lease or own your space, have a small home office or an industrial space, PIB’s dedicated commercial advisors can tailor comprehensive property coverage and options to safeguard your buildings, equipment, electronics, inventory and much more.
Comprehensive Commercial Property Insurance Coverage
Building and
Contents
Protects the physical structure of your commercial property and your belongings, including offices, warehouses, retail spaces, equipment inventory, supplies, and the structures and property around your building.
Business Interruption Insurance
This coverage helps replace lost income and pay operating expenses if your business can’t operate because of a covered property loss.
Equipment Breakdown Coverage
Equipment breakdowns are costly, especially if you rely on machinery or technology to perform daily operations. This insurance covers the repair or replacement of damaged equipment due to mechanical failure or electrical issues.
In-Transit or Mobile Property Insurance
If your business travels to job sites, Mobile Property Insurance protects your equipment while it’s being transported from one location to another.
Flood, Earthquake and Sewer Backup Coverage
Depending on your risk and where you’re located, specialized add-ons or separate policies will cover natural disasters not included in standard policies.
Specialty
Insurance
Have a unique commercial operation with unique risks? We can help protect your operations through our Specialty Insurance Solutions
Related Commercial Insurance options
Let’s protect and grow your business — together
Partner with us to build a protection and investment plan customized to your needs, so you can move toward your goals confidently.
FAQs
Do I need insurance for my home business?
Yes. Standard Home Insurance does not usually cover business-related activities and a claim could be refused if you haven’t disclosed your business use. If a client visits your home and is injured or your business equipment is damaged, you could be personally at risk for the expenses. However, if your business is very low risk with no visitors and equipment, you may be able to add a small endorsement to your Home Insurance. It’s best to ask an advisor to make sure you’re covered.
How much Commercial Property Insurance do I need?
There is no one-size-fits-all number. The amount you need depends on the value of your business assets and your unique risks. A PIB advisor will make sure you have the most appropriate coverage.
Do commercial tenants have to pay Building Insurance?
In most commercial leases, Building Insurance is paid by the landlord who usually passes the cost to the tenant(s) through the lease as operating costs or additional rent. This coverage does not cover the tenant’s legal Liability Insurance, General Liability Insurance or your contents.
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We offer a unique comprehensive suite of insurance and wealth solutions rarely found within one team. From personal to business, protection to planning, we cover every financial need with expert care and insight.