Obtain affordable coverage quickly and easily with The Hartford for business insurance. Just answer a few basic questions about your business to get started, and they'll do the rest.
Looking for commercial property insurance? We compared more than 20 popular insurance providers and highlight seven that we think offer the best coverage and value for small businesses.
Erica has been writing about small business finance and technology since 2008. She joined Merchant Maverick in 2018 and specializes in researching and reviewing business software, financial products, and other topics to help small businesses manage and grow their operations. Her expertise has been cited in MSN, Reader's Digest, Vox, U.S. News & World Report, and Real Simple. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll, a graduate of Limestone University, and currently resides in Greenville, South Carolina.
WRITTEN & RESEARCHED BY
Erica SeppalaErica has been writing about small business finance and technology since 2008. She joined Merchant Maverick in 2018 and specializes in researching and reviewing business software, financial products, and other topics to help small businesses manage and grow their operations. Her expertise has been cited in MSN, Reader's Digest, Vox, U.S. News & World Report, and Real Simple. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll, a graduate of Limestone University, and currently resides in Greenville, South Carolina.
Editor & Senior Staff Writer
Last updated onUpdated
Chelsea Krause is a writer who specializes in accounting, payroll, and small business loans. She has been helping small business owners manage their finances since 2016. She is a QuickBooks Certified User and former eCommerce store owner. Her accounting expertise has been quoted in Forbes and her work appears in Startup Nation, Small Business Bonfire, and Women on Business. Chelsea graduated summa cum laude with a BA in English & Creative Writing from George Fox University and studied abroad at the University of Oxford as well.
REVIEWED BY
Chelsea KrauseChelsea Krause is a writer who specializes in accounting, payroll, and small business loans. She has been helping small business owners manage their finances since 2016. She is a QuickBooks Certified User and former eCommerce store owner. Her accounting expertise has been quoted in Forbes and her work appears in Startup Nation, Small Business Bonfire, and Women on Business. Chelsea graduated summa cum laude with a BA in English & Creative Writing from George Fox University and studied abroad at the University of Oxford as well.
Expert Contributor
Our content reflects the editorial opinions of our experts. While our site makes money through referral partnerships, we only partner with companies that meet our standards for quality, as outlined in our independent rating and scoring system.
Commercial property insurance helps protect your business’s physical assets, including buildings, equipment, and inventory.
We reviewed more than 20 business insurance providers to identify those that offer strong commercial property coverage. The companies below stand out for their coverage options, pricing flexibility, and overall value.
Commercial property insurance covers the physical space where your business operates, along with the equipment, inventory, and other assets inside. Whether you run a warehouse, office, retail store, or restaurant, this coverage helps protect against risks like fire, theft, and vandalism.
In many cases, commercial property insurance is bundled into a business owners policy (BOP), which typically combines property coverage with general liability insurance. Bundling policies can sometimes reduce overall costs, though savings and coverage details vary by provider.
Some insurers offer commercial property insurance as a standalone policy, but availability depends on the provider and the size or type of your business.
While commercial property insurance is generally not required by law, it may be required by lenders or landlords. Even when optional, it can play an important role in protecting your business from financial loss after a covered event.
Related: Interested in learning more about business insurance? Our general guide to business insurance can help you decide what types of coverage you need and where to get it.
The Best Commercial Property Insurance For Small Business
Commercial property insurance protects your business from damage to buildings, equipment, and inventory. Here are providers to compare.
ERGO NEXT stands out for its low starting costs and streamlined online experience. It’s a strong option for small businesses that want basic commercial property coverage without the higher premiums often associated with larger insurers.
ERGO NEXT Pricing
ERGO NEXT offers instant quotes and a fully online application process. Some policies start around $17 per month, but pricing varies based on factors like location, property value, and coverage limits.
ERGO NEXT Commercial Business Coverage
ERGO NEXT allows businesses to customize a business owners policy (BOP) that can include:
Property coverage: Buildings, equipment, and inventory
Pricing varies, with some average cost examples available
Coverage Options
Comprehensive coverage with customizable policies
Quote Speed
Usually same-day
Pros
Risk management and loss control services
Wide range of business insurance products
Same-day quote availability
Cons
Not available in Alaska or Hawaii
Pricing can vary significantly
Why We Chose The Hartford
The Hartford stands out for its risk management and loss control services. These tools help businesses identify potential risks, improve safety practices, and reduce the likelihood of future claims.
The Hartford Pricing
The Hartford provides pricing through custom quotes based on your business profile. Quotes can often be generated online in about 10 minutes, with results typically available the same day.
Some data suggests average commercial property costs around $1,600 per year (or$130/month), but pricing varies widely based on factors like location, property value, and coverage limits.
The Hartford Commercial Insurance Coverage
The Hartford offers commercial property insurance as part of a broader set of business policies, including BOPs that bundle multiple coverages.
Property coverage: Buildings, equipment, inventory, and business assets
Business interruption: Helps replace lost income after a covered event
Covered risks: Fire, theft, wind, and other common hazards
Flooding and some other risks typically require separate coverage.
Choose The Hartford If...
You want help identifying and reducing business risks
You value safety planning and loss control support
Flexible pricing based on coverage duration and needs
Coverage Options
Basic to moderate coverage with flexible policy options
Quote Speed
Instant online quotes
Pros
Flexible, short-term coverage options
Instant quotes and fast coverage activation
Good fit for event-based and seasonal work
Cons
Limited policy types compared to larger insurers
Requires bundled coverage (no standalone property policies)
Why We Chose Thimble
Thimble stands out for its flexible, short-term coverage options designed for businesses that operate on a seasonal, project-based, or event-driven basis.
This makes it a strong fit for vendors, contractors, and professionals who don’t need year-round coverage.
Thimble Pricing
Thimble offers customized pricing with an instant quote process, and coverage can begin shortly after purchase.
Some bundled policies that include general liability and property coverage may start around $23 per month, though costs vary based on your industry, coverage limits, and risk profile. Thimble also advertises industry-based averages, but actual pricing can differ significantly.
Thimble Commercial Business Insurance Coverage
Thimble primarily offers coverage through bundled policies, such as a business owners policy (BOP), which includes general liability and commercial property.
Property coverage: Protects equipment and business property at your primary location
Business equipment coverage: Optional add-on that protects tools and equipment used off-site (similar to inland marine insurance)
Flexible terms: Coverage can be purchased by the month or for shorter periods in some cases
Standalone commercial property policies are not typically available.
Choose Thimble If...
You work events or operate on a seasonal or project basis
You need coverage for tools or equipment used offsite
Pricing varies based on coverage and business profile
Coverage Options
Comprehensive coverage with customizable policy options
Quote Speed
Approximately 30 minutes
Pros
Comprehensive bundled coverage options
Wide range of additional policy types available
Strong financial stability and reputation
Cons
Quotes require more time than instant providers
Why We Chose Nationwide
Nationwide stands out for its broad coverage options and bundled policies that combine multiple protections into one plan. Its business owners' policy includes several key coverages, making it a strong option for businesses that want comprehensive protection in a single policy.
Nationwide Pricing
Nationwide provides pricing through personalized quotes based on your business profile. Quotes can be requested online or by phone and are typically available within about 30 minutes.
Costs vary based on factors like location, industry, property value, and coverage limits.
Nationwide Commercial Insurance Coverage
Nationwide offers commercial property insurance as part of a broader suite of business policies, including a BOP that bundles multiple coverages.
Property coverage: Buildings, equipment, and inventory
General liability: Protection against third-party claims
Business income: Helps replace lost income after a covered event
Equipment breakdown: Covers certain mechanical or electrical failures
Additional policies — such as cyber, inland marine, and umbrella coverage — are available to expand protection.
Choose Nationwide If...
You want a single policy that covers multiple business risks
You plan to expand your coverage over time
You prefer a large, established insurer with broad offerings
Hiscox stands out for its clear and detailed explanation of what its policies cover -- and what they don’t. This level of transparency can help business owners better understand their coverage and avoid surprises when filing a claim.
Hiscox Pricing
Hiscox offers personalized quotes online or by phone, with quotes typically available in about 10 minutes.
Sample pricing suggests some BOP policies may start around $40 to $50 per month, but costs vary widely based on factors like location, property value, and coverage limits.
Hiscox Commercial Property Insurance Coverage
Hiscox offers commercial property insurance primarily through bundled policies, such as a business owners policy (BOP).
Property coverage: Business equipment, inventory, tenant improvements, and records
Business interruption: Covers lost income and extra expenses after a covered event
Offsite coverage: Protection for property used away from your primary location (limits apply)
Common risks like fire, theft, and certain types of accidental damage are typically covered. Floods, earthquakes, and other major natural disasters are usually excluded.
Choose Hiscox If...
You want clear, upfront information about what your policy covers
Not available for businesses with revenue above $30 million
Online quotes may not be available for all businesses
Why We Chose Chubb
Chubb stands out for its ability to support businesses with international operations. With a global presence and specialized multinational coverage options, it’s a strong fit for companies that operate or have assets outside the U.S.
Chubb Pricing
Chubb provides personalized quotes based on your business details, including revenue and operations. Some businesses can request quotes online, but others — especially those with higher revenue — may need to speak with an agent.
Pricing varies widely based on factors like industry, location, and coverage needs.
Chubb Commercial Property Insurance Coverage
Chubb offers commercial property insurance through both bundled and standalone policies, with options tailored to businesses with more complex or international risks.
Property coverage: Buildings, equipment, and business assets
Business income: Helps replace lost income after a covered event
Multinational coverage: Protection for businesses operating or holding assets abroad
Additional options, such as equipment breakdown and global risk management services, can be added to expand coverage.
Choose Chubb If...
You operate or hold assets outside the U.S.
Your business has moderate to complex insurance needs
You want access to global coverage and risk management services
Extensive coverage options through partner carriers
Quote Speed
Requires agent consultation (not instant)
Pros
Ability to compare multiple quotes
Access to a wide range of insurance providers
Ongoing support through the brokerage
Cons
Not a direct insurance provider
Quotes are not typically instant
Why We Chose Gallagher
Gallagher stands out as a broker that helps businesses compare multiple insurance quotes from different providers.
This can make it easier to evaluate coverage options and pricing side by side, especially if you’re not sure which insurer best fits your needs.
Gallagher Pricing
Gallagher provides pricing through personalized quotes gathered from its network of insurance partners. Costs vary depending on the insurer, coverage types, and your business profile.
You can submit basic information online, but quotes are typically provided through follow-up from an agent or partner carrier.
Gallagher Commercial Property Insurance Coverage
Gallagher offers access to commercial property insurance through its network of partner insurers, rather than providing coverage directly.
Property coverage: Buildings, equipment, and inventory (varies by carrier)
Business interruption: Often included in bundled policies like BOPs
Multiple options: Compare coverage from different insurers in one place
Available coverage depends on the provider you select.
Choose Gallagher If...
You want to compare multiple insurance options at once
You’re unsure which provider is the best fit
You prefer working with a broker rather than a single insurer
Merchant Maverick has been researching and reviewing business insurance since 2020. Our writers have tested over twenty different major insurance companies. In each review, we evaluate pricing, features, customer service, and user reviews.
When comparing different business insurance companies, we consider many data points, including relative pricing, the number of standard insurance policies available, and the ability to create custom policies. Our lists of the best business insurance providers include only those we’ve deemed worthwhile from multiple vantage points and often share qualities such as low cost, a variety of niche business insurance policies, multiple ways to file claims, and excellent customer support.
We spend an average of 10-15 hours researching and updating each one of our lists, ensuring that the business insurance companies included meet our internal standards for quality and reputation.
Commercial Property Insurance For Renters & Home-Based Business
Some businesses may not find the best fit with standard commercial property insurance. Consider these alternatives:
Renters: If you lease your workspace, you may not need coverage for the building itself. Commercial renters insurance can offer a more cost-effective option by focusing on your equipment, inventory, and liability.
Home-based businesses: If you operate out of your home, standard commercial property insurance may not apply. Home-based business insurance or endorsements to your homeowners policy may provide more appropriate coverage.
Which Commercial Property Insurance Is Right For You?
We’ve included a range of providers to reflect the different needs of small businesses, highlighting what each company does best to help you find the right fit.
As you compare options, be sure to review coverage details carefully and request quotes based on your specific business needs. Policies and pricing can vary significantly between providers.
Whether your business is seasonal, growing, or operates across multiple locations, this list offers a starting point for evaluating your options.
For more guidance on choosing coverage, costs, and requirements, explore our related resources on business insurance.
Erica has been writing about small business finance and technology since 2008. She joined Merchant Maverick in 2018 and specializes in researching and reviewing business software, financial products, and other topics to help small businesses manage and grow their operations. Her expertise has been cited in MSN, Reader's Digest, Vox, U.S. News & World Report, and Real Simple. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll, a graduate of Limestone University, and currently resides in Greenville, South Carolina.
View Erica Seppala's professional experience on LinkedIn.
Want to help shape the future of the Merchant Maverick website? Join our testing and survey community!
By providing feedback on how we can improve, you can earn gift cards and get early access to new features.
Expert ERC Filing SupportTrust ERC Specialists to maximize your tax credits.Experience competitive rates, excellent customer support, and a fast & easy claim process. Request a free analysis today.Get StartedClaim your ERC now
We Want Your Feedback!
Help us to improve by providing some feedback on your experience today.
The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.
Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
Expert ERC Filing SupportTrust ERC Specialists to maximize your tax credits.Experience competitive rates, excellent customer support, and a fast & easy claim process. Request a free analysis today.Get StartedClaim your ERC now
Experience competitive rates, excellent customer support, and a fast & easy claim process. Request a free analysis today.
Get Started
