Commercial property insurance that protects against exposures today and tomorrow
Having the right commercial property coverage could mean the difference between a minor disruption to operations and a major financial loss. As one of the largest commercial property writers in the United States, you can trust Travelers to have a deep understanding of your everyday challenges. And, we can provide the expertise, resources and strength to help keep your operations running smoothly and your business resilient.
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Travelers umbrella.
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SPEAKER 1: What is property insurance? It takes a lot to keep your business up and running, like the space and equipment you rely on. And all of that needs to be protected. That's why you need commercial property insurance for your business, because it's about way more than just insuring your building. Suppose there's a fire and smoke damages your inventory or a thief breaks in and steals your equipment, commercial property insurance provides financial support to help pay for losses in the event of scenarios such as these.
Your property likely plays a key role in the operation of your business. Beyond your building, if you own it, property coverage can also include your office equipment, whether owned or leased, your inventory, your electronic data, and even outdoor items, like fencing or the sign out front. It typically covers losses caused by fire, theft, and damage from vehicles, acts of vandalism, and more.
Don't let an unexpected property loss throw off the plans and aspirations you have for your business. Know that not all property insurance is the same. Make sure yours covers everything you need to keep your business running, so you can stay focused on why you got into your business in the first place. To get started with commercial property coverage and other business insurance solutions, contact a Travelers independent agent or visit Travelers.com.
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Text, Visit travelers dot com. What is property insurance?
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Commercial property insurance
What is commercial property insurance?
Commercial property insurance is coverage that can protect your company's physical assets from unexpected events, including fires, windstorms, theft and vandalism. Physical assets covered by commercial property insurance could include the buildings you own or rent, office equipment, furniture, fixtures, inventory and other items you count on to support your daily operations. It can also include lost business income that results from physical property damage.
Through Travelers' accompanying loss prevention services, commercial property insurance can also deliver a competitive advantage by helping you identify and manage property-related risks specific to your company, allowing you to remain focused on your business. Travelers has expertise across many industries, helping companies identify and reduce property risks.
When an unexpected loss causes disruption or even temporarily shuts down your business, your ability to recover quickly is critical. Travelers commercial property insurance can provide the support and financial assistance needed to get your business back up and running.
Who is commercial property insurance coverage right for?
Commercial property insurance is for all businesses, especially those that have buildings, critical equipment and other property. For more than 150 years, Travelers has been a commercial property and casualty insurance provider. And, we offer commercial property protection for a wide variety of industries and businesses ranging from small to large to highly complex. We understand the evolving risks our customers face and offer solutions to address them. Our property insurance policies can be tailored to meet customers’ coverage needs by providing:
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Coverage confidence
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Built-in flexibility
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Services that matter
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National scale with local presence
Frequently asked questions
Commercial property insurance policies for businesses of any size may be purchased as a stand-alone or in conjunction with other policies.
Your insurance agent can help you customize your coverage to address the specific risks facing your business, including selecting the type of property insurance coverage you may need.
There are typically two types of coverage offered by insurance companies: replacement cost or actual cash value.
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Replacement cost: Pays to repair or rebuild property with materials of the same or comparable quality.
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Actual cash value: Pays the current value of the damaged property and the cost to rebuild or replace property, generally replacement minus depreciation.
In many cases, business owners lease space to run their operations. If you fall into this category, check your lease to review your obligations in terms of insurance. In some cases, sole tenants will be responsible for insuring the building or must continue paying rent even if the space is destroyed. It’s a good idea to review the lease with your insurance agent to confirm that the insurance coverage you choose is sufficient and will protect you in the event of damage or loss of the property.
Many types of business insurance are optional. However, while it may not be required by law, a property and casualty insurance policy is highly recommended for all business owners. Furthermore, your landlord or lender may require you to carry property insurance to protect their investment.
Commercial property insurance protects your company’s physical assets from many unforeseen events, such as fire, explosion, storms, theft and vandalism. Additional coverage is often also available for floods, earthquakes, equipment breakdown and other direct causes of loss to your business. You may be able to purchase coverage for lost income in the event of a business interruption due to physical property damage.
Accidents and unforeseen events happen and can cause potentially significant damage and disruption to your business. A commercial property insurance policy can help to provide financial assistance to help you recover quickly.
There is no one-size-fits-all answer because all businesses are different. Your cost will depend upon the specific details of your business and the level of protection you seek. Some of the factors that may influence your cost include the nature and size of your business, number and condition of your facilities, loss protection and prevention practices, etc. The best way to determine your cost is to ask your professional insurance representative for a quote.
Planning for major business property-related setbacks can include conducting a regular insurance to value (ITV) assessment of the property used in your business operations. ITV is a valuation of the cost to replace insured property and helps to ensure your covered property is adequately protected.
Business resources
Small business property insurance
What is small business commercial property insurance?
Travelers small business commercial property insurance can help protect the business property you own, lease or rent, including assets like your buildings, equipment, furniture, fixtures and inventory. It can also help cover the costs to repair or replace stolen, damaged or destroyed property, including property and equipment that isn't yours but is in the care or custody of your small business.
Who is small business commercial property insurance right for?
Commercial property insurance for small businesses is included in a Travelers Business Owner’s Policy (BOP). Our BOP is built to protect many types of small companies. This includes but is not limited to:
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Commercial real estate
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Contractors
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Garages
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Manufacturers
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Printers and publishers
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Religious and cultural organizations
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Restaurant and food service
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Wholesalers and distributors
Midsized business property insurance
Travelers Deluxe® and OMNISM for midsized businesses
Travelers Deluxe offers an integrated approach to packaging your business property insurance needs with a wide range of embedded coverages and built-in flexibility to reduce the need for add-on extensions and endorsements.
OMNI for small to midsized businesses has an array of specialized optional coverages and limits available to tailor protection for customers. This policy can be designed to encompass the majority of property insurance needs for small to midsized businesses.
Large and specialty business property insurance
Flexible commercial property insurance for large, specialized and high-value businesses
Travelers offers tailored property protection solutions for high-value, complex risks across many industries. Our experienced National Property staff works closely with customers to develop a flexible policy that matches coverage needs. Our property specialists in Risk Control have the expertise to prevent or mitigate losses.
Customized Property Coverage®
Every business is unique. Count on Travelers to be your source for traditionally structured coverage as well as alternative solutions for complex coverage needs.
Global property coverage
Travelers provides global coverage in conjunction with our strategic alliances in the International Network of Insurance (INI) in more than 150 countries.
Specialty market programs
Travelers is an industry leader in nontraditional and specialty market programs. In association with our program managers, we make it easy to place business within a variety of specialized markets, such as airplane hangars, nonprofits and educational institutions.
Under Deductible Subrogation services
The Under Deductible Subrogation service program from Travelers is designed to help commercial property insurance customers pursue reimbursement for damage when the loss falls below their property insurance policy deductible.
Excess property market
Travelers offers excess capabilities typically attaching at $1,000,000 or greater.
Related products & solutions for commercial property insurance
Business owner's policy (BOP)
Provides a broad array of standard coverage features specifically designed to meet the property and general liability needs of small commercial customers, with the flexibility to further tailor coverage to meet your specific business needs.
Workers compensation
Supports employers and employees after a work-related injury or disease, delivered with a host of proprietary services to support positive outcomes.
Commercial auto & trucking
Travelers commercial auto & trucking insurance offers quality products to protect your business on the road.
General liability
Travelers general liability insurance for businesses provides protection from a variety of claims.
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