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Protect the property, equipment and assets your business depends on.
D&E Insurance Group helps Arizona businesses explore commercial property insurance for buildings, business personal property, equipment and other important business assets.
Your building, equipment, inventory and other business property can represent a significant investment in your company.
Commercial property insurance can help protect certain physical assets your business owns or uses when they are damaged by a covered cause of loss.
Coverage may include your building, business personal property, furniture, equipment, inventory and other property depending on your policy and business operations.
D&E Insurance Group helps Arizona businesses evaluate their property exposures, coverage limits and insurance options so their policy better reflects the property they actually need to protect.
Commercial property insurance can be structured to protect different types of property depending on what your Arizona business owns, leases or is responsible for.
Buildings
If your business owns its location, coverage may help protect the building and certain permanently installed property following a covered loss.
Business Personal Property
Coverage may include furniture, computers, office equipment, supplies and other business-owned property located at a covered premises.
Equipment & Inventory
Depending on the business and policy, commercial property insurance may cover machinery, equipment, stock and inventory against certain covered causes of loss.
Property coverage should reflect how your business actually operates. Businesses with specialized equipment, property that regularly leaves the premises or unique inventory may need additional or specialized coverage.
Commercial property insurance can protect against certain causes of loss, but the coverage depends on the policy form, endorsements and exclusions.
Fire & Smoke
Property coverage may help pay for covered damage to your building, equipment, inventory and other insured property caused by fire or smoke.
Theft & Vandalism
Depending on the policy, certain losses involving theft, attempted theft, vandalism or malicious damage may be covered.
Wind, Hail & Storm Damage
Coverage may be available for certain wind, hail and storm-related property damage, subject to the policy’s terms, exclusions and deductibles.
Commercial property policies can be written using different coverage forms, and not every cause of loss is automatically covered. Deductibles, exclusions and coverage limitations can also vary significantly between policies.
How your commercial property is valued can make a significant difference in how a covered loss is settled.
Replacement Cost
Replacement cost coverage generally values covered property based on the cost to repair or replace it with property of comparable kind and quality, subject to the policy’s terms and limits.
This can help reduce the impact depreciation may have on a covered property claim.
Actual Cash Value
Actual cash value generally takes depreciation into consideration when determining the value of damaged property.
As a result, the amount available for a covered loss may be less than the cost to replace the damaged property with new property.
The valuation method shown on your policy can have a major impact after a loss. D&E Insurance Group can help you review how your building and business personal property are valued and discuss available coverage options.
Choosing an adequate property limit is about more than estimating what your building or business property is worth today.
What Is Coinsurance?
Some commercial property policies include a coinsurance provision requiring insured property to be covered to a specified percentage of its value, such as 80%, 90% or 100%.
If the required amount of insurance is not maintained, a coinsurance penalty may reduce the amount paid on a covered claim.
Why Insurance-to-Value Matters
Construction costs, labor, materials, equipment prices and other expenses can change over time, leaving older property limits inadequate.
Periodically reviewing building and business personal property limits can help keep coverage more closely aligned with current replacement values.
Coinsurance provisions and valuation requirements vary by policy. D&E Insurance Group can help review your property limits, valuation method and coinsurance requirements as part of your commercial insurance review.
Property damage can affect more than your building or equipment. A serious covered loss may also interrupt your ability to operate.
Business Income
Business income coverage may help replace certain lost income when a covered property loss causes your business to suspend or reduce operations, subject to the policy’s terms and applicable period of restoration.
Coverage may also include certain continuing operating expenses that remain while your business is recovering from the covered loss.
Extra Expense
Extra expense coverage may help with certain additional costs incurred to continue operations or reduce the length of a business interruption following a covered property loss.
Depending on the policy, this could include eligible expenses associated with temporary locations, equipment or other measures used to keep the business operating.
Business income coverage is generally tied to a covered cause of loss and can include specific limits, waiting periods, restoration periods and other conditions. These provisions should be reviewed carefully based on how long your business could realistically take to recover after a major property loss.
A standard commercial property policy may not address every exposure your business faces. Depending on your operations, additional coverage may be important.
Equipment Breakdown
Equipment breakdown coverage may help with certain losses involving the sudden mechanical, electrical or pressure-system breakdown of covered equipment.
Inland Marine
Businesses with tools, equipment or other property that moves between locations or regularly leaves the insured premises may need inland marine coverage.
Ordinance or Law
Following certain covered building losses, ordinance or law coverage may help address eligible additional costs associated with complying with current building codes.
The right combination of property coverages depends on your building, equipment, business operations and how your property is used. D&E Insurance Group can help identify exposures that may not be addressed by basic commercial property coverage.
Common questions Arizona business owners ask about protecting their buildings, equipment and business property.
What does commercial property insurance cover?
Depending on the policy, commercial property insurance may cover buildings, business personal property, furniture, equipment, inventory and other insured property against certain covered causes of loss.
Do I need commercial property insurance if I lease my building?
You may still need coverage for furniture, equipment, inventory, improvements or other property your business owns or is responsible for. Your lease may also contain specific insurance requirements.
Does commercial property insurance cover monsoon, wind and hail damage?
Certain wind, hail and storm-related damage may be covered depending on the policy. Coverage can vary based on the cause of loss form, exclusions, endorsements and deductibles.
What is business personal property insurance?
Business personal property, often called BPP, generally refers to covered business-owned property such as furniture, computers, equipment, supplies and inventory rather than the building itself.
What is a commercial property coinsurance penalty?
If a policy includes a coinsurance requirement and the insured property does not carry the required amount of insurance, the amount paid for a covered claim may be reduced according to the policy terms.
Does commercial property insurance cover flooding?
Standard commercial property policies generally exclude flood as defined by the policy. Businesses with a flood exposure may need separate flood insurance or other specialized coverage.
How much commercial property insurance does my business need?
Appropriate limits depend on factors such as building replacement cost, business personal property, equipment, inventory and other exposures. Property values should be reviewed periodically as construction and replacement costs change.