Wholesale appetite: commercial property

Commercial property we place.

Buildings, contents, stock and the income that stops when something goes wrong — including CAT-zone risk. Already appointed? Send us the account. New here? Apply for appointment below.

Submit an account What it covers

Commercial property covers physical loss to buildings, contents, stock and improvements — plus the business interruption income that disappears during a rebuild. It's the foundation policy for any business with a physical footprint.

The triggers
we hear most.

The account owns, leases or occupies a commercial building.

Landlords require property cover on tenant improvements; lenders require it on owned buildings; and any business with stock, equipment or fit-out has assets worth protecting. Property is the foundation policy for any business with a physical footprint.

The business stops if the building burns or floods.

Property cover pays to repair or replace the physical asset, but business interruption — written as part of property — pays the lost income while the business can't operate. The two are placed together because a loss usually triggers both.

The account holds inventory, equipment or finished goods of meaningful value.

Stock and contents are valued and underwritten separately from the building. The schedule of values needs to be accurate or the account risks co-insurance penalties at claim time.

It's in a catastrophe-exposed area (coastal, wildfire, quake).

Standard property has stripped out FL, CA and coastal exposures in many markets. We go to the E&S property market for CAT-zone risks — where the cover lives now.

Inside the
policy.

Building and improvements

Cover for the structure (if owned) or tenant improvements (if leased) — replacement cost or actual cash value, with appropriate cause-of-loss form.

Business personal property

Contents, furniture, fixtures, equipment, electronics and stock — scheduled with values that reflect actual replacement cost.

Business interruption

Lost income, ongoing payroll and continuing expenses during the period of restoration after a covered loss — sized to a realistic recovery timeline.

Extra expense and dependent property

The cost of operating from a temporary location, plus contingent BI when a key supplier or customer is the one shut down.

Where buyers
get caught out.

Flood and earthquake (usually)

Standard property excludes flood and earthquake by default. Both need separate placement — through NFIP, private flood markets or DIC forms.

Equipment breakdown

Mechanical and electrical failure of equipment is excluded under property — it sits with equipment breakdown (boiler & machinery) coverage, which we place alongside.