About Commercial Property Insurance
Property insurance as we know it was born after London's Great Fire of 1666 and spread to America when Benjamin Franklin founded the Philadelphia Contributionship in 1752, introducing inspections and building requirements that still influence underwriting today.1
ISO released the first Building and Personal Property Coverage Form in the 1980s, standardizing COPE (construction, occupancy, protection, exposure) data collection and paving the way for today's blanket limits, agreed-value endorsements, and time-element coverages.2
In 2025, U.S. reconstruction costs are up 6.2% year over year, driven by labor and electrical components, so we benchmark every Rockland County schedule against current valuations before marketing your account.3
Coverage Highlights
Commercial property programs protect physical assets and cash flow so one loss doesn't derail your business plan.
- Building & Tenant Improvements: Covers structures, HVAC, signage, and fit-outs whether you own or lease the premises.1
- Business Personal Property & Stock: Insures equipment, furniture, and inventory on-site or in temporary locations, including spoilage and off-premises property.2
- Business Income & Extra Expense: Keeps payroll, debt service, and relocation costs funded during repairs; contingent time-element options extend to key suppliers or customers.3
- Equipment Breakdown & Service Interruption: Addresses surge damage, boiler/machinery failure, and resulting loss of utilities that standard property forms exclude.4
- Ordinance or Law, Debris Removal, & Pollution Cleanup: Pays for mandated demolition, code upgrades, and environmental remediation after a major loss.5
- Named Peril & Deductible Engineering: Tailor wind, hail, flood, or quake deductibles to cash-flow tolerance, and consider parametric or layered programs for high-value sites.6