Commercial Property Insurance

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Business Insurance

Cover the building, the contents, and the income.

Most commercial property claims are survivable. What closes businesses is the months of lost revenue while the building is repaired, and that is the coverage owners most often set too low.

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The Basics

Business income is the coverage that saves you.

A property policy covers the building you own or improvements you have made to a space you lease, plus equipment, inventory and furnishings inside it. That part is straightforward.

The part that matters more is business income and extra expense. If a fire closes you for four months, this coverage replaces the profit you would have earned and pays the costs of operating somewhere temporary. Many policies carry a limit that would not survive a long rebuild, and nobody notices until the claim.

  • Building, or tenant improvements if you lease
  • Business personal property, equipment and stock
  • Business income and extra expense
  • Equipment breakdown for mechanical and electrical failure

Commonly Missed

  • • Earthquake, excluded by default in Oregon
  • • Flood, which needs a separate policy
  • • Ordinance or law on older buildings
  • • Spoilage on refrigerated stock
  • • Signs, fences and outdoor property
What’s Included

Core protections on a commercial property policy

Building Coverage

The structure itself, written to replacement cost rather than market value.

Business Personal Property

Equipment, furniture, inventory and stock inside the building.

Business Income

Replaces lost profit while you are shut down after a covered loss.

Extra Expense

The cost of operating from a temporary location while repairs happen.

Tenant Improvements

The build-out you paid for in a space you lease but do not own.

Equipment Breakdown

Mechanical and electrical failure, which a standard property policy excludes.

Common Questions

Commercial Property FAQs

I lease my space. Do I still need property coverage?
Yes. Your landlord insures the building, not your equipment, inventory, or the improvements you paid to have built out. Your lease may also make you responsible for more than you expect, so it is worth reading alongside the policy.
How much business income coverage should I carry?
Enough to cover the realistic time to rebuild, which is usually longer than owners assume once permitting and contractor availability are factored in. We work from your revenue figures rather than a default limit.
Is earthquake covered?
No. Earthquake is excluded from standard commercial property policies and needs a separate policy or endorsement. Given Oregon’s seismic profile, it is worth pricing rather than assuming.
What is coinsurance and why does it matter?
A clause requiring you to insure to a set percentage of value. If you are underinsured at the time of loss, the carrier reduces the payout proportionally, even on a partial claim. Getting your values right is the point of an annual review.

Let’s check your property limits.

Values, business income and exclusions, reviewed before renewal.

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