If you are a business owner, chances are you need commercial property insurance coverage.

A Commercial Property Insurance policy provides a wide range of coverage protection for your commercial buildings, outdoor structures, signs, inventory, equipment, tools, and more. Typical events covered by commercial property insurance include fire, lightning, falling objects, and malicious damage. Some coverage is subject to sub-limits that can be increased as needed. You have a choice to insure your commercial property on a replacement cost or actual cash basis. We invite you to consult with one of our commercial insurance specialists to learn more about the coverage details, rates, and exclusions of Vermont Commercial Property Insurance.

Business Personal Property

Insuring real property can be a concern for business owners due to other costs a business could incur as a result of a property loss such as:

  • Loss of income
  • Additional costs to continue operations
  • Extra costs for replacement
  • Costs for debris removal

The BPP covers property at a specified location such as furniture, fixtures, equipment and inventory.

What You Should Know

Most policies have very limited coverage for property taken off premises. Equipment that is taken off-site can be protected by purchasing Inland Marine coverage (equipment or installation floater). If you rent your office or space, keep in mind most insurance policies consider features that are permanently attached to the walls, ceilings or floors to be part of the structure. Therefore, you should insure any improvements you make to the property – walk-in cooler for a restaurant, shelving in a warehouse or decorative paneling in an office. Equipment Breakdown coverage can be added to your commercial property insurance policy to respond to a loss when machinery breaks down unexpectedly. For example, if your printing press seized up, the equipment breakdown policy would cover the cost to repair or replace the equipment.

We understand that you may have questions about the options available. We invite you to speak with one of our commercial insurance specialists. They can walk you through the insurance shopping process so you can make an informed decision about the commercial property insurance coverage that is right for your Vermont company. Request a free insurance cost review today!