Commercial · Property · WA · ID · OR · AZ
Commercial property for owners and tenants.
Your landlord insures the building — not your stuff. Commercial property covers what you'd have to rebuild or replace: your space, equipment, inventory, and the income you lose while you're closed.
What it covers
What you'd have to replace, covered.
Commercial property protects the physical side of your business against fire, theft, weather, and more. Whether you own or lease, the exposure is real — your landlord's policy covers their building, never your equipment, inventory, or improvements.
Building
The structure you own — or the tenant improvements and betterments you added to a leased space.
Get a quoteContents & equipment
Furniture, machinery, inventory, and the tools your business runs on.
Get a quoteBusiness income
Lost revenue and extra expense while a covered loss keeps you closed — often the difference between reopening and not.
Get a quoteInland marine
Property that moves or lives off-site: tools, equipment, and goods in transit.
Get a quoteEquipment breakdown
Mechanical and electrical failure of critical equipment — refrigeration, HVAC, production machinery.
Get a quoteSignage & glass
Exterior signs and plate glass, endorsed for the exposures storefronts actually face.
Get a quote· A market of A+ insurance companies
Who needs it
Any business with a location, inventory, or equipment.
Owned or leased, if you have a space, stock, gear, or improvements you'd need to replace after a fire or theft, you need commercial property. Tenants especially: your lease makes your equipment and build-out your responsibility, not the landlord's.
What drives your price
- Building value and construction type
- Protection class (fire/sprinklers/alarms)
- Contents and equipment value
- Occupancy and industry
- Deductible and coverage limits
- Flood, wildfire, and earthquake exposure (PNW)
Replacement Cost vs. Actual Cash Value
| Replacement Cost | Actual Cash Value (ACV) | |
|---|---|---|
| What it pays | Cost to replace new | Replacement minus depreciation |
| Example: 8-year-old roof | Full new roof | Depreciated (much lower) payout |
| Premium | Higher | Lower — but riskier at claim time |
Common mistakes we fix
- Insuring to market value instead of replacement cost.
- Triggering a coinsurance penalty by underinsuring the building or contents.
- Carrying no — or too little — business-income coverage to actually rebuild and reopen.
- Assuming the landlord's policy covers your property (it doesn't).
- Overlooking flood and earthquake exclusions, which matter in the Pacific Northwest.
Go deeper
Related reading
Questions clients ask
Quick answers, no jargon.
Prefer to talk it through? A licensed advisor picks up: 206 · 363 · 1110.
- Your building or tenant improvements, contents and equipment, inventory, and business income lost during a covered shutdown — against fire, theft, weather, and similar perils. Flood and earthquake are typically separate.
- Yes. Your landlord's policy covers their building, not your equipment, inventory, or improvements. As a tenant, those are your responsibility under the lease.
- A clause that penalizes your payout if you insure the property for less than a required percentage (often 80–100%) of its value. Underinsuring to save premium can slash what you collect at claim time.
- Replacement cost pays to replace items new; actual cash value subtracts depreciation. Replacement cost costs more but pays far better after a loss — usually the right choice for equipment and buildings.
- Standard commercial property usually excludes both. In the Pacific Northwest, we can add flood (via NFIP or private markets) and earthquake coverage where it makes sense for your location.
- By replacement cost — what it would take to rebuild at today's prices and current code — not market value. We help you set an accurate limit so you avoid a coinsurance penalty.