FAQ

How Much Does Commercial Property Insurance Cost? | Commercial Insurance

Flame engulfed the building and firefighters rushed to the scene. You never imagined your business would burn to the ground, but it happened.

Fortunately, you were smart enough to have business property insurance. While the physical building can’t be fixed, your business will bounce back because you had the right policies in place.

Reading: How much does building insurance cost

how much does commercial property insurance cost?

The amount you pay for business property insurance depends on your business. each business is different with variables that must be considered.

It is important to note that commercial property insurance coverage may also be offered under a business owner’s policy. By combining general liability coverage and business property insurance, business owners benefit from simplicity and cost savings.

A small business owner may pay as little as $500 per year, while a large corporation might pay $500,000.

The average company pays between $1,000 and $3,000 per million dollars of coverage. most pay less than $1,000 a year, with an average of $742.

See also: What does it take to be an insurance adjuster

For example, a medium-sized landscape business with 20-30 employees may pay $3,000 to $5,000 per year due to increased equipment and space risks. storage.

There are many variables to consider when pricing a commercial property insurance policy, including:

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