Commercial Property Insurance covers items like your building, tools, office furniture and fixtures, signs, and landscaping. It has deductibles similar to a homeowners policy in that a separate hurricane deductible applies or you can exclude wind coverage altogether.
Like a Commercial Auto policy, Commercial Property also covers your liability to other people and property if you are sued because of an incident on your property. Commercial Property policies will cover the damages to others’ buildings or vehicles as a result of “occurring” during the policy period. Commercial Property Insurance is available in Commercial Fire, Commercial Specialty, and Commercial All Risk categories.
Commercial Property Insurance requirements vary from state to state but usually include: that the property is used exclusively for business purposes; that there are no residential units.