Commercial Property Insurance

Financially protect your physical location as part of a business owner’s policy.

Insuring over 1 million small business owners worldwide.

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What is Commercial Property Insurance?

Protect the Place Where You Work

As part of a business owner’s policy (BOP), commercial property insurance offers financial protection for damage (caused from fire or certain types of weather occurrences) to your business’s physical location, assets, and inventory. This coverage can be especially valuable for those who own or rent their place of business.

In addition to commercial property insurance, the complete BOP insurance package includes:

General liability insurance

This cornerstone coverage protects you financially in the event of third-party injuries and damages, as well as personal and advertising injury. General liability is suitable for most small businesses.

Business interruption insurance

This coverage provides financial protection in the event your business needs to cease operations following a fire or eligible natural disaster. It can cover payroll, lost income, operational expenses, and more.

How Much Does BOP Insurance Cost?

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Business owner and employee standing in the doorway of their business.

Answers to More Commercial Property and Business Owner’s Policy Insurance Questions

How much is commercial property insurance?

At Simply Business, we offer commercial property coverage as part of the BOP insurance package as opposed to a stand-alone policy, and the cost depends on a variety of factors. These include your location, the value of the property, and the type of work you do.

Start a BOP insurance quote today to see how much a policy might cost you.

Do I need commercial property or BOP insurance?

Carrying a business owner’s policy with commercial property coverage is typically not a requirement. It is, however, a convenient way to protect your business in three ways — all with just one bundled policy. We recommend this insurance package for restaurants and food service businesses, retail stores, wholesalers, and more.

What does commercial property insurance cover?

Commercial property insurance typically covers damages resulting from:

Fire
Windstorm or hail
Sprinkler leakage
Vandalism
Building collapse

Damages not typically covered:

heft of losses occurring off the business premises
Damage to vehicles
Loss relating to employee dishonesty
Cyber fraud
Damage resulting from earthquake or flood

Why work with Simply Business?

We provide customized coverage options and quotes from top-rated small business insurers —– all in just 10 minutes. More than 1 million small business owners worldwide trust us with their insurance, and we consistently earn high customer ratings and reviews.

We have more BOP insurance FAQs here.

Business Owner’s Policy Insurance

A one-minute explanation

Find out what a business owner’s policy covers, why you might need it, and how we can help – All in just 60 seconds.

So what’s on your to-do list today? That’s a lot, which is why you may need a BOP. A BOP is a Business Owner’s Policy. It typically combines different coverages like commercial property insurance and general liability into a single policy and that can be a great option for certain businesses. With a BOP you make one purchase instead of multiple purchases to get most of the coverage you need, plus as your needs change you can typically add or drop coverages and it can often be cheaper than buying all those policies separately. So whether you put together a signature look for your clients or a signature dish for your customers, we can put together a Business Owner’s Policy that’s right for you.