Commercial Property Insurance in Maryland
Protect the Physical Assets Your Business Depends On
Commercial property insurance protects your business’s physical assets — including buildings, equipment, inventory, furniture, and supplies — from damage or loss. From fire and theft to storms and vandalism, property losses can disrupt operations and strain finances. Whether you own your building or lease your space, commercial property insurance helps your business recover by covering repair or replacement costs when the unexpected happens.
What Does Commercial Property Insurance Cover?
Building Coverage
Covers the structure of your building if your business owns the property, including walls, roof, and permanently installed systems damaged by covered events like fire or wind.
Business Contents Coverage
Protects equipment, inventory, furniture, tools, and supplies inside your business — whether you own or lease your space.
Tenant Improvements & Betterments
Covers improvements you’ve made to a leased space, such as custom build-outs, fixtures, or interior upgrades.
Protection From Common Perils
Commercial property insurance typically covers losses caused by fire, theft, vandalism, windstorms, and certain types of water damage.
Coverage Beyond Physical Damage
Many commercial property policies — or bundled Business Owners Policies (BOPs) — can include Business Interruption Insurance. This coverage helps replace lost income and pay ongoing expenses if your business must temporarily close due to a covered property loss, such as a fire or severe storm.
From a windstorm damaging your office roof to a burst pipe ruining inventory, the right coverage helps your business recover financially — not just physically.
Important Considerations for Maryland Businesses
Choosing the right commercial property coverage involves more than just insuring what you can see.
Key considerations include:
- Replacement Cost vs. Actual Cash Value: Ensures you can rebuild or replace without depreciation gaps
- Coverage Limits: Helps prevent being underinsured as property values change
- Local Risks: Storms, hurricanes, and coastal weather can increase exposure
- Flood Exclusions: Flood damage is not covered and requires a separate policy
Businesses near waterways or low-lying areas may need separate flood insurance. Learn more on our Flood Insurance page.
Common Questions About Commercial Property Insurance
What does commercial property insurance cover?
It covers buildings (if owned), business contents, tenant improvements, and property damage caused by covered events like fire, theft, and storms.
Does commercial property insurance cover theft?
Yes — theft and vandalism are typically covered, subject to policy terms and limits.
Do I need property insurance if I lease my space?
Yes — landlords insure the building, but tenants are responsible for insuring their contents and improvements.
How much does commercial property insurance cost for a small business?
Costs depend on building value, contents, location, industry, and coverage limits. We help tailor coverage to your budget and risk.
Is flood damage covered under commercial property insurance?
No — flood damage is excluded and requires a separate flood insurance policy.