9 Best Commercial Property Insurance Companies

Cody Cromwell
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Top Commercial Property Insurance Companies

Many people are in favor of finding a larger life insurance policy, given that it is a type of coverage that protects the former owner (the insured) against the risks of death. In many cases, the purpose of going for business insurance is to protect the company’s assets from the financial trouble and loss that may arise if anything were to happen to the company’s key assets. For these, business owners look for the best commercial property insurance.

Just like for life insurance, there are insurance firms that specialize in property insurance. If you are in the market for a commercial property insurance, it is advisable that you also do some research to find the right company. They ensure that the money that you spend on your commercial property insurance is not in vain, because they protect your business by paying out money when the need arises.

The following are some of the top commercial property insurance companies in the U.S. and here’s why they are popular among many businesses and home owners alike.

What Commercial Property Insurance Is

It seems common sense that if you’re involved in any commercial activity you’re more likely to be involved in an accident of some sort than someone who is not. You may think that by taking out commercial property insurance you’re covering yourself against any additional costs that may arise from an accident in your exterior property. What you may not realize is that you’re actually obtaining commercial insurance for yourself against nearly everything, from suffering loss of income to consequential loss. Commercial property insurance goes way beyond the walls of your office. Not only do you need to be covered against accidental damage to your office building, but you also need to be protected against various risks, and monetarily compensated when these happen.

Commercial property insurance may come in different varieties, but the general idea is to insure the building and contents against all sorts of risks. When you’re getting commercial insurance for your business you should keep in mind all the things associated with the business. Commercial property insurance is a broad coverage, and while it may of course include damage to the building and the contents, it also protects against damage to the profits earned through your business and other expenses such as loss of income.

Commercial property insurance consists of several different types of coverage, varying by the type of insurance. The most common types of commercial property insurance are as follows:

Property-Location and structure assurance

Chubb: Best Overall Commercial Property Insurance

Chubb offers property insurance policies for residential, commercial, automotive and premises liability.

Two of its most notable commercial insurance products are Chubb’s large and small building insurance and the damage and loss only umbrella policy. Chubb’s large building liability insurance policy covers C-class, D-class and E-class buildings (buildings with an occupancy level between 5,000 and 24,000 persons). Property damage coverage is provided for physical components and the contents of the building. The policy also provides for bodily injury, property damage liability, and personal injury, and damage from terrorism.

Chubb’s small building liability policy offers property and liability coverage, which protects buildings with an occupancy of up to 2,000 people. The policy also covers personal property, liability for terrorism and physical damage to the building.

The Chubb property insurance pollution coverage provides guidance on the utmost permitted property pollution levels for different types of businesses. Insurance companies provide this information to help businessmen identify safe operating areas and safe floor levels for their commercial property.

Chubb Insurance Commercial fire & extended coverage is a commercial property insurance policy for properties with an occupancy level of 50,000 or more people. The policy provides property and liability coverages and also provides for coverage against damage from a building fire.

Coverage Highlights

Are you looking for the best commercial property insurance?

Are you wondering what even counts as a commercial building these days?

Before you dive headlong into purchasing property insurance, it’s important to understand the basic coverage components that any insurance policy will include. Although there are still some needed home modifications for safety features, most of these policies are fairly universal. Here’s a look at the basic coverage elements that you should expect, whether for personal or commercial property insurance.

Property and Liability Coverage

Your insurance policy should absolutely cover both the building and anything stored or kept on the grounds. You will likely only have to make an adjustment for the value of any building materials on the property. Even if that comes with its own set of challenges, it’s important to think about the for the inventory that your business or organization will require.

Property damage coverage might extend to anything that could be considered on the grounds. This includes things like temporary structures, trash containers, landscaping, or any other landscaping materials.

It is possible to purchase a policy for renting out the building but separate out the liability concerns by referring to a co-op or condominium policy. This has some potential advantages but additional costs.

Other Features

Although business insurance is traditionally required to maintain a viable business, some businesses opt for commercial property insurance in order to help protect their property. Many people are unaware of the advantages of commercial property insurance, and as a result they don’t take advantage of the many benefits it offers.

Listed below are nine of the most important features of commercial property insurance. They will help you to understand how it can be used to help you protect your property.

Travelers: Best Commercial Property Insurance for Midsized Businesses With Complex Needs

As a direct result of the recent worldwide economic crisis, commercial property insurance has become even more important for midsized businesses. During the recession of 2008, travel insurance companies were forced to raise their rates for many businesses, including freight, trucking, airlines, and others in the transportation industry. Since the limits on those policies are fairly small, they have had to lower their commercial property coverage. With coverage expenses rising along with their partners’ claims costs, travel insurance companies are no longer eager to insure small, independently-owned businesses. And, since higher insurers’ rates mean lower coverage limits, for many midsized businesses, commercial property insurance may not be feasible. For these businesses, travel insurance is a viable option.

Specifically, Travelers is the only company in the United States that insures more than 90% of the businesses in the US, accommodating businesses of all sizes, including general and specialty industry. With the ability to tailor coverage for a business’s needs, Travelers is still able to keep their commercial property insurance affordable, even for small businesses.

Thinking of switching to Travelers? Think again. They’ve recently merged with CNO Financial Group, which is bound to make some waves in the industry in the years to come.

Coverage Highlights

Are you looking for the best commercial property insurance?

Are you wondering what even counts as a commercial building these days?

Before you dive headlong into purchasing property insurance, it’s important to understand the basic coverage components that any insurance policy will include. Although there are still some needed home modifications for safety features, most of these policies are fairly universal. Here’s a look at the basic coverage elements that you should expect, whether for personal or commercial property insurance.

Property and Liability Coverage

Your insurance policy should absolutely cover both the building and anything stored or kept on the grounds. You will likely only have to make an adjustment for the value of any building materials on the property. Even if that comes with its own set of challenges, it’s important to think about the for the inventory that your business or organization will require.

Property damage coverage might extend to anything that could be considered on the grounds. This includes things like temporary structures, trash containers, landscaping, or any other landscaping materials.

It is possible to purchase a policy for renting out the building but separate out the liability concerns by referring to a co-op or condominium policy. This has some potential advantages but additional costs.

Other Features

Although business insurance is traditionally required to maintain a viable business, some businesses opt for commercial property insurance in order to help protect their property. Many people are unaware of the advantages of commercial property insurance, and as a result they don’t take advantage of the many benefits it offers.

Listed below are nine of the most important features of commercial property insurance. They will help you to understand how it can be used to help you protect your property.

The Hartford: Best Commercial Property Insurance for Franchise Retailers

The Hartford, the oldest insurance company in the United States, has a long history of protecting and insuring corporate and franchise retailers. They provide a wide range of coverage options that are sure to meet your commercial property insurance needs. And unlike many other insurance companies, they are experienced and knowledgeable about the issues involved in commercial property insurance and can help you choose the best coverage, for the best price, for your business. We recommend that you contact an independent agent for a free comparative quote.

The Hartford offers a mix of standard and customized policies designed to help your business get the most value for your insurance dollars. They will work with you to understand your precise needs and help you find the best options for your business. Ideal for franchise owners, the Hartford offers a wide variety of coverage options, including general liability, franchise, product liability, commercial auto and more.

They will work with your to understand your policy, determine what coverage you need and then be your advocate throughout the claims process. Whether you need property, commercial auto, or workers’ compensation coverage, The Hartford offers options that are sure to meet your needs.

Coverage Highlights

Are you looking for the best commercial property insurance?

Are you wondering what even counts as a commercial building these days?

Before you dive headlong into purchasing property insurance, it’s important to understand the basic coverage components that any insurance policy will include. Although there are still some needed home modifications for safety features, most of these policies are fairly universal. Here’s a look at the basic coverage elements that you should expect, whether for personal or commercial property insurance.

Property and Liability Coverage

Your insurance policy should absolutely cover both the building and anything stored or kept on the grounds. You will likely only have to make an adjustment for the value of any building materials on the property. Even if that comes with its own set of challenges, it’s important to think about the for the inventory that your business or organization will require.

Property damage coverage might extend to anything that could be considered on the grounds. This includes things like temporary structures, trash containers, landscaping, or any other landscaping materials.

It is possible to purchase a policy for renting out the building but separate out the liability concerns by referring to a co-op or condominium policy. This has some potential advantages but additional costs.

Other Features

Although business insurance is traditionally required to maintain a viable business, some businesses opt for commercial property insurance in order to help protect their property. Many people are unaware of the advantages of commercial property insurance, and as a result they don’t take advantage of the many benefits it offers.

Listed below are nine of the most important features of commercial property insurance. They will help you to understand how it can be used to help you protect your property.

CoverWallet: Best Commercial Property Insurance for Savings

With advances in technology and communication, and the rise of eCommerce having so many challenges with data breach, you can now use CoverWallet for property insurance. All policy terms are online with no hidden charges or terms. They are also affordable, and even have an online quote system for complete transparency in quoting. They don’t try to lock you into anything and will give you the best commercial property insurance rate for your business.

There are some other things that really made us think this is a great company:

  • They have a 99.9 percent approval rate with their preferred customer.
  • They have earned numerous awards for their customer service … they are actively responding to feedback and helping people out.
  • They offer multiple insurance options to cater to a variety of budgets.

Coverage Highlights

Are you looking for the best commercial property insurance?

Are you wondering what even counts as a commercial building these days?

Before you dive headlong into purchasing property insurance, it’s important to understand the basic coverage components that any insurance policy will include. Although there are still some needed home modifications for safety features, most of these policies are fairly universal. Here’s a look at the basic coverage elements that you should expect, whether for personal or commercial property insurance.

Property and Liability Coverage

Your insurance policy should absolutely cover both the building and anything stored or kept on the grounds. You will likely only have to make an adjustment for the value of any building materials on the property. Even if that comes with its own set of challenges, it’s important to think about the for the inventory that your business or organization will require.

Property damage coverage might extend to anything that could be considered on the grounds. This includes things like temporary structures, trash containers, landscaping, or any other landscaping materials.

It is possible to purchase a policy for renting out the building but separate out the liability concerns by referring to a co-op or condominium policy. This has some potential advantages but additional costs.

Other Features

Although business insurance is traditionally required to maintain a viable business, some businesses opt for commercial property insurance in order to help protect their property. Many people are unaware of the advantages of commercial property insurance, and as a result they don’t take advantage of the many benefits it offers.

Listed below are nine of the most important features of commercial property insurance. They will help you to understand how it can be used to help you protect your property.

Liberty Mutual: Best Commercial Property Insurance for Manufacturers

We always receive questions from small to medium sized businesses about what the best commercial property insurance company is. Our advice is always to go with an insurer that has an affiliate company or program that can provide you with coverage and savings.

The three major plumbing and heating distributors in the United States, American Standard, Plumbing Manufacturers Institute (PMI) and Northern Tool + Equipment (NTE), were able to research and find a reputable insurance company who shares their interests in protecting the commercial plumbing and heating community.

Liberty Mutual, with the help of their partners, is able to provide businesses with specialized commercial property insurance policy that is designed to protect their millions of customers over their entire business lifetime. Not only does Liberty Mutual provide commercial property insurance for all of their customers businesses, they also provide them with claim consultations and flexible payment options. In short, Liberty Mutual provides customers with a hassle-free and secure insurance solution.

From the small personal business owner to the large manufacturing facility, Liberty Mutual is committed to providing high quality products and services to all of their customers.

Coverage Highlights

Are you looking for the best commercial property insurance?

Are you wondering what even counts as a commercial building these days?

Before you dive headlong into purchasing property insurance, it’s important to understand the basic coverage components that any insurance policy will include. Although there are still some needed home modifications for safety features, most of these policies are fairly universal. Here’s a look at the basic coverage elements that you should expect, whether for personal or commercial property insurance.

Property and Liability Coverage

Your insurance policy should absolutely cover both the building and anything stored or kept on the grounds. You will likely only have to make an adjustment for the value of any building materials on the property. Even if that comes with its own set of challenges, it’s important to think about the for the inventory that your business or organization will require.

Property damage coverage might extend to anything that could be considered on the grounds. This includes things like temporary structures, trash containers, landscaping, or any other landscaping materials.

It is possible to purchase a policy for renting out the building but separate out the liability concerns by referring to a co-op or condominium policy. This has some potential advantages but additional costs.

Other Features

Although business insurance is traditionally required to maintain a viable business, some businesses opt for commercial property insurance in order to help protect their property. Many people are unaware of the advantages of commercial property insurance, and as a result they don’t take advantage of the many benefits it offers.

Listed below are nine of the most important features of commercial property insurance. They will help you to understand how it can be used to help you protect your property.

Farmers: Best Commercial Property Insurance for Commercial Real Estate Owners

Farmers Insurance quotes individual and commercial property insurance for real estate owners in the fields of construction, commercial real estate, tenant liability, farm business liability, and auto, home, business, commercial, and motorcycles insurance. What sets them apart from other carriers is the emphasis on farm insurance, which offers a bundle of options that will suit small and large agricultural businesses.

Common Policies

Farmers also offers a variety of policies to further help farmers and agricultural businesses. For example, the Agricultural Commercial Property policy is designed with the needs of farmers in mind. This policy provides coverage that protects your agricultural property against liability claims by property owners, third parties, or your workers.

Line of Credit

To help farmers and agricultural businesses plan for the expansion of their businesses, Farmers offers a line of credit. The line of credit can be used to fund store renovations, a new storage compound, better equipment, or even a new barn.

Farmers also offers additional insurance products to help farm owners deal with a variety of risks, whether they face hazards such as fire, floods, theft, or loss. Farmers Insurance is also available in the following states:

  • Alaska
  • California
  • Colorado
  • Connecticut
  • District of Columbia
  • Florida
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • Nebraska

Coverage Highlights

Are you looking for the best commercial property insurance?

Are you wondering what even counts as a commercial building these days?

Before you dive headlong into purchasing property insurance, it’s important to understand the basic coverage components that any insurance policy will include. Although there are still some needed home modifications for safety features, most of these policies are fairly universal. Here’s a look at the basic coverage elements that you should expect, whether for personal or commercial property insurance.

Property and Liability Coverage

Your insurance policy should absolutely cover both the building and anything stored or kept on the grounds. You will likely only have to make an adjustment for the value of any building materials on the property. Even if that comes with its own set of challenges, it’s important to think about the for the inventory that your business or organization will require.

Property damage coverage might extend to anything that could be considered on the grounds. This includes things like temporary structures, trash containers, landscaping, or any other landscaping materials.

It is possible to purchase a policy for renting out the building but separate out the liability concerns by referring to a co-op or condominium policy. This has some potential advantages but additional costs.

Other Features

Although business insurance is traditionally required to maintain a viable business, some businesses opt for commercial property insurance in order to help protect their property. Many people are unaware of the advantages of commercial property insurance, and as a result they don’t take advantage of the many benefits it offers.

Listed below are nine of the most important features of commercial property insurance. They will help you to understand how it can be used to help you protect your property.

Nationwide: Best Commercial Property Insurance for Contractors

Nationwide Property and Casualty Insurance is not a very commonly known name outside of the United States, but this is one of the biggest and most reputable insurance companies in the world. Although most people might think of this as a home and auto insurer, it also offers coverage for contractors, businesses, and more.

Of all the companies covered in this post, Nationwide has the highest mark for their Property & Casualty Insurance policy. This is because they are one of the few companies that offers commercial policies that have a zero deductible when you purchase a package policy with other insuring companies. Some other companies subsidize the coverage but still charge you a deductible on your policy dollar.

The policies offered by Nationwide are considered homeowners policies, which means that they also provide liability coverage for contractors and businesses. The rates are competitive, particularly when you consider the economics of trade with other countries such as Canada and the United Kingdom, whose insurance prices are sometimes lower. At the beginning of each policy, you are also able to choose a valuation value, which means you can choose a higher or lower valuation of your equipment if the value changes during the course of the policy.

Coverage Highlights

Are you looking for the best commercial property insurance?

Are you wondering what even counts as a commercial building these days?

Before you dive headlong into purchasing property insurance, it’s important to understand the basic coverage components that any insurance policy will include. Although there are still some needed home modifications for safety features, most of these policies are fairly universal. Here’s a look at the basic coverage elements that you should expect, whether for personal or commercial property insurance.

Property and Liability Coverage

Your insurance policy should absolutely cover both the building and anything stored or kept on the grounds. You will likely only have to make an adjustment for the value of any building materials on the property. Even if that comes with its own set of challenges, it’s important to think about the for the inventory that your business or organization will require.

Property damage coverage might extend to anything that could be considered on the grounds. This includes things like temporary structures, trash containers, landscaping, or any other landscaping materials.

It is possible to purchase a policy for renting out the building but separate out the liability concerns by referring to a co-op or condominium policy. This has some potential advantages but additional costs.

Other Features

Although business insurance is traditionally required to maintain a viable business, some businesses opt for commercial property insurance in order to help protect their property. Many people are unaware of the advantages of commercial property insurance, and as a result they don’t take advantage of the many benefits it offers.

Listed below are nine of the most important features of commercial property insurance. They will help you to understand how it can be used to help you protect your property.

Hiscox: Best Commercial Property Insurance for New Businesses

Hiscox is one of the largest and most reputable insurance providers in the UK. With over 500,000 customers, it is arguably the best commercial property insurance provider of all time. It combines a competitive rate structure with extensive and intelligent risk analysis, so you can rest assured your business is well protected.

Coverage Highlights

Are you looking for the best commercial property insurance?

Are you wondering what even counts as a commercial building these days?

Before you dive headlong into purchasing property insurance, it’s important to understand the basic coverage components that any insurance policy will include. Although there are still some needed home modifications for safety features, most of these policies are fairly universal. Here’s a look at the basic coverage elements that you should expect, whether for personal or commercial property insurance.

Property and Liability Coverage

Your insurance policy should absolutely cover both the building and anything stored or kept on the grounds. You will likely only have to make an adjustment for the value of any building materials on the property. Even if that comes with its own set of challenges, it’s important to think about the for the inventory that your business or organization will require.

Property damage coverage might extend to anything that could be considered on the grounds. This includes things like temporary structures, trash containers, landscaping, or any other landscaping materials.

It is possible to purchase a policy for renting out the building but separate out the liability concerns by referring to a co-op or condominium policy. This has some potential advantages but additional costs.

Other Features

Although business insurance is traditionally required to maintain a viable business, some businesses opt for commercial property insurance in order to help protect their property. Many people are unaware of the advantages of commercial property insurance, and as a result they don’t take advantage of the many benefits it offers.

Listed below are nine of the most important features of commercial property insurance. They will help you to understand how it can be used to help you protect your property.

biBERK: Best Commercial Property Insurance for Customized Coverage

Large financial risk is a reality today and the organizations are not equipped to handle all the risks. The turnover has led to an increased demand for insurance and custom property coverage has emerged as an important aspect. BiBERK is a leading slot for the commercial insurance providers to seek custom insurance coverage.

When it comes to custom property insurance , we help organizations custom develop different risk mitigation programs to their clients. Moreover, we consult the clients and find the best options and insurance plans. All the policies are designed to fit the requirements of the company and its clients.

All the policies that we offer are to provide highest return on investment. Apart from this our plans are easy to understand and offer exceptional options for dealing with the clients and their needs.

Roshni Group:

Roshni Commercial Insurance is a subsidiary of Roshni Group which is a specialized insurance solutions. Roshni Commercial Insurance is a regional provider of customized insurance Coverages to small and medium sized businesses. Roshni Commercial Insurance offers a wide range of property, business liability, burglary insurance, automobile insurance insurance.

Alpha Insurance Inc :

Coverage Highlights

Are you looking for the best commercial property insurance?

Are you wondering what even counts as a commercial building these days?

Before you dive headlong into purchasing property insurance, it’s important to understand the basic coverage components that any insurance policy will include. Although there are still some needed home modifications for safety features, most of these policies are fairly universal. Here’s a look at the basic coverage elements that you should expect, whether for personal or commercial property insurance.

Property and Liability Coverage

Your insurance policy should absolutely cover both the building and anything stored or kept on the grounds. You will likely only have to make an adjustment for the value of any building materials on the property. Even if that comes with its own set of challenges, it’s important to think about the for the inventory that your business or organization will require.

Property damage coverage might extend to anything that could be considered on the grounds. This includes things like temporary structures, trash containers, landscaping, or any other landscaping materials.

It is possible to purchase a policy for renting out the building but separate out the liability concerns by referring to a co-op or condominium policy. This has some potential advantages but additional costs.

Other Features

Although business insurance is traditionally required to maintain a viable business, some businesses opt for commercial property insurance in order to help protect their property. Many people are unaware of the advantages of commercial property insurance, and as a result they don’t take advantage of the many benefits it offers.

Listed below are nine of the most important features of commercial property insurance. They will help you to understand how it can be used to help you protect your property.

How We Evaluated Commercial Property Insurance Companies

  • Premiums: Find out how good each commercial property insurer is at managing premium costs with a comparison of rates and policy pricing.
  • Customer Support: Getting coverage must be a simple and easy process, which is why customer support is a key factor when evaluating commercial property insurance companies.
  • Claims History: When settling a claim, an insurer’s goal should be to avoid any unnecessary liability or see where their obligation ends. Was the insurer able to limit liability and provide the amounts they promised? This is a look at potential claims history and whether an insurer stuck to their obligations in settling claims.
  • Reputation: An insurer that displays transparent and open communication will likely have a reputation of being reliable and honest. This can help give you the confidence to make a claim.
  • Our Take: We were given access to each of these commercial property insurance companies, including their websites, social media accounts, and interview with the team to learn a bit about each company.

The purpose of our research was to identify the best commercial property insurance companies and then to allow you to make an educated decision when it’s time to compare commercial property insurance. In our research, we found these 9 companies had the best reputation among consumers and were also reliable and dependable when it came to settling claims.

Bottom Line

With data from various sources, you can get yourself a pretty good idea about the best finance companies around who will provide you with the ease, comfort & convenience of obtaining Commercial Property insurance.

These companies have a good reputation in the industry as being reliable & trustworthy service providers, and giving you affordable insurance rates. You can compare your options, get quotes & choose a suitable insurance plan from the best products of these companies.

But from our one-month experience with them, we can say they are some of the best in the market.