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Houston Texas Business Property Insurance

Running a business often requires owning a significant amount of property. Everything from the tools your team uses to do their work to your inventory represents an investment you’ve made to get the job done. If these items are ever damaged or destroyed, replacing them can be an expensive and time-consuming process. Business property (also called commercial property) insurance covers these items, so you know that you’re taken care of in case something happens.


What is Business Property Insurance?

Business property insurance covers your business assets from the risks of damage, destruction, or theft. Some of the major covered items include:

  • any building you own
  • tools and equipment
  • inventory
  • computers
  • phone equipment
  • furniture
  • signage
  • valuable documents
  • fixtures.
  • others property that is in your care 

If any of these items were stolen or damaged/destroyed in a natural disaster or fire, business property insurance would pay you to replace them. The amount that the insurance policy pays can be paid in the form of new replacements, or an actual cash value (ACV) which pays replacement cost less depreciation (a lesser amount). 


Who Needs Business Property Insurance?

Business property insurance is a good investment for any company that owns a significant number of assets, maintains inventory, or would be unable to conduct business without certain tools or equipment. The cost of the insurance is quite small compared to the impact of a loss. A recent study by insurance company The Hartford found that the average small business property claim was $35,000 for fire, $26,000 for hail, and $8,000 for theft/burglary. 


What Are the Types of Business Property Insurance?


Direct Damage Coverage


Time Element Coverage


Inland Marine Coverage


  • Covers loss or damage to business property
    • Flexible and can be tailored to meet your needs
    • Items can be added or removed from your policy as needed
  • Some catastrophic events like hurricanes or tornadoes may not be covered
  • Floods and earthquakes are rarely covered and require separate insurance
  • Homeowner’s insurance likely will not cover equipment used in a home business, so commercial property insurance is required
  • Protects against losses tied to the time required to make repairs after a covered loss
  • Business income coverage protects against lost income due to damaged property from a covered loss
  • Extra expense coverage recoups excess costs the business incurs to keep it running while repairs are made
  • Leasehold interest coverage protects you against the losses you incur if your lease is canceled due to a covered event
  • Covers tools or equipment that is transported overland to an offsite location for use 
  • Examples include construction equipment transported to a job site
  • A wide variety of assets can be covered, from the property at a tradeshow to contractors’ equipment




How Much Does Business Property Insurance Cost?

The cost of business property insurance will vary significantly based on the value of the assets a company needs to protect, along with the types of coverage chosen. Two major categories of business property insurance are Named Perils and Open Perils. Named Perils protect against a list of risks, while Open Perils offer broader coverage. When estimating your cost for this insurance a good rule of thumb is $1,000 – $3,000/year per million dollars of coverage. 


Selecting and Purchasing Business property Insurance

Protecting your business property is important and the right insurance policy will give you peace of mind to focus on running your company. Our highly trained agents are here to help you select the right insurance and ensure that you get the best deal possible. We look forward to working with you.


Interested in learning more? Email or give us a call!

Phone: 281-466-3621





What is the difference between Named Perils’ policies and Open Perils’ policies?

A Named-Perils policy will cover a specific list of risks that are outlined in the policy documents. Named perils are usually grouped into three categories: Basic, broad, and special, which covers everything unless it is specifically excluded. If you choose a Named-Perils’ policy, it is important to make sure that the risks you most commonly face are covered by the policy. An Open-Perils’ policy covers everything unless a risk has been explicitly excluded in the policy document. Determining whether Named Perils or Open Perils is right for your business is part of the insurance selection process and will impact the cost.

Is leased equipment covered?

Yes, policies can be written to cover leased equipment.

Is flood damage typically covered by business property insurance?

Most likely not, you’ll need to acquire flood insurance separately.

Is business property insurance tax-deductible?

Yes, insurance is a legitimate business expense and therefore tax-deductible.

We want to protect what matters most to you.

Call us at 281-998-2500 for immediate assistance or get a quote online to find out how we can get you protected.


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