Select your state

Insurance

commercial property insurance

Commercial property insurance protects a commercial building and its contents—such as inventory, computers, telephone systems, documents, furniture, HVAC systems, machinery, and equipment—as well as exterior features such as signs, fences, gates, lighting, and landscaping—from damage caused by fire, burst pipes, storms, theft, and vandalism.

Damage caused by earthquakes and floods is generally not covered by a commercial property insurance policy unless coverage for those natural disasters is added to the policy.

In Maryland, commercial property insurance is designed to safeguard businesses against the loss or damage of physical assets such as buildings, contents, and other property used in the business. This type of insurance typically covers perils like fire, burst pipes, storms, theft, and vandalism. However, it is important to note that standard commercial property policies do not automatically cover earthquake and flood damage. Business owners interested in protecting their property from these specific natural disasters must typically purchase additional coverage or endorsements to their existing policy. The exact coverage details and exclusions can vary among insurance providers, so it is crucial for business owners to review their policies carefully and consult with an attorney or insurance agent to ensure they have the appropriate level of protection for their commercial properties.

Legal Articles

State Statutes

Individual & Family Legal Plan

As a LegalFix member, you'll get expert legal services from a local law firm that treats you like an important client. Don't wait—be prepared for life's inevitable legal challenges starting today. And ask your employer, credit union, or membership group about preferred pricing opportunities.

Insurance

commercial property insurance

Individual & Family Legal Plan

Articles

Maryland State Code

Maryland State Code

Insurance

commercial property insurance

Articles