Commercial Property Insurance Calculator
Estimate your commercial property insurance premium in seconds. Covers your building, equipment, inventory, and contents against fire, theft, and other perils.
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How Much Does Commercial Property Insurance Cost?
Commercial property insurance costs roughly $0.30 to $1.20 per $100 of insured value per year. A $500,000 building with $150,000 contents might cost $2,000–$5,000 annually, depending on construction type, location, and perils covered.
What Factors Affect Your Premium?
1. Construction Type
Masonry and fire-resistive buildings get the lowest rates. Frame construction gets higher rates because of fire risk. Steel is in the middle.
2. Location
Crime rates, weather risk (hurricanes, tornadoes), and local fire protection affect your premium. Coastal properties pay more because of hurricane exposure.
3. Property Value
Premiums scale with the total insured value. Higher value means higher premium, but also usually lower rates per dollar of coverage.
4. Contents and Inventory
Expensive equipment, high-value inventory, or specialized contents increase the premium. Restaurants with expensive kitchen equipment pay more than offices with basic furniture.
Frequently Asked Questions
Is commercial property insurance required?
Not by law in most states, but mortgage lenders require it if you have a commercial mortgage. Landlords typically require tenants to carry contents coverage.
What does commercial property insurance cover?
Fire, lightning, windstorm, hail, explosion, riot, vandalism, theft, and water damage from plumbing. Flood and earthquake are excluded — those need separate policies.
How is it different from a BOP?
A BOP bundles property with general liability at a discount. Commercial property alone covers only your physical assets. If you also need liability, a BOP is usually cheaper.