Commercial Property Insurance

Commercial property insurance protects your business assets from unexpected losses caused by fire, storms, theft, and other covered events. This type of coverage helps pay to repair or replace damaged buildings, equipment, inventory, and other valuable business property. Aspen Insurance Agency provides commercial property insurance solutions for businesses, farms, and ranches throughout Colorado and many other states.

What Is Business Property Insurance

Business property insurance helps cover the cost of repairing or replacing property that has been damaged, destroyed, or stolen. This includes buildings, tools, equipment, and business personal property. With the right policy, you can protect your investment and keep your operations running smoothly after a loss.

Below are some of the key coverage options available. Coverage varies by policy and state. Contact Aspen Insurance Agency to learn what applies to your business.

Commercial Property Coverage Options

Business Income Coverage

Business income insurance reimburses you for lost income when your business operations are interrupted due to a covered property loss. Coverage typically lasts 12 to 18 months and may also pay for extra expenses you incur to continue operations after a claim.

Computers and Media

This coverage helps protect computers, software, data, and peripheral equipment. It can also cover the cost of restoring lost or damaged data due to covered causes such as mechanical failure, power surges, or computer viruses. If you have Business Income Coverage, it can extend to your computer equipment and data.

Business Personal Property Insurance

Business personal property coverage protects items such as furniture, inventory, materials, tools, and fixtures owned by your business. Most policies provide replacement cost coverage so you can repair or replace items with new ones.

Property of Others

If you temporarily store customer property on your premises or transport it for business purposes, this coverage helps protect against accidental damage.

Laptop Coverage

Many policies offer up to ten thousand dollars of protection for laptops, tablets, and portable devices anywhere in the world. This coverage does not apply to devices checked as baggage.

Equipment Breakdown

Covers the cost to repair or replace equipment that fails due to mechanical breakdown or electrical malfunction. Covered equipment may include computers, phone systems, air conditioning units, boilers, and other essential machinery.

Lock and Key Replacement

Provides coverage for rekeying locks after the theft of keys at your business premises.

Money and Securities

Protects business money and securities if they are stolen, destroyed, or lost.

Why You Need Business Property Insurance

Even if you run a home-based business, a homeowners policy typically does not cover business equipment or inventory. Business property insurance helps protect your assets from unexpected losses such as fire, theft, and storm damage.

Contents and Computer Insurance

This coverage protects your business equipment, electronics, and other assets. To determine the coverage you need, create an inventory of all business items and their values. Decide which assets you want to insure and for how much.

Business property coverage is often bundled with Business Interruption Insurance, which covers loss of income when operations are slowed or stopped due to a covered event.

Request a Commercial Property Insurance Quote

Protect your business with the right commercial property insurance coverage. Contact Aspen Insurance Agency today to request a quote and learn more.

About Aspen Insurance Agency

Aspen Insurance Agency is based in Denver, Colorado, and serves clients nationwide. As a familyowned agency, we work with multiple insurance carriers to offer affordable and comprehensive insurance solutions. We provide personal, commercial, and professional insurance to residential and commercial clients, helping you secure the coverage you need at the lowest possible cost.