Commercial Property Insurance in Mount Prospect & Beyond
When Your Business Needs Reliable Protection
Every business has property to protect — whether you own a building or lease a small workspace. Commercial property insurance safeguards what keeps your operation running, from buildings and equipment to inventory, tools, and interior improvements. It covers common risks like fire, theft, vandalism, storm damage, burst pipes, and more, helping your business recover quickly after a loss. We help you understand your exposures and choose coverage that truly reflects your assets and the cost to replace them.
What’s Included in Commercial Property Coverage
Buildings & Structures
If you own your building, property insurance protects it against damage from fire, storms, vandalism, and other covered events. Lenders typically require adequate building coverage, and we help ensure it reflects full replacement cost.
Business Contents
Business property coverage insures your equipment, furniture, electronics, tools, and inventory. Even if you rent your space, your business contents must be insured — your landlord’s policy does not cover your property.
Tenant Improvements
If you’ve upgraded a leased space, those improvements can be covered too. This protects the money you’ve invested in customizing your workspace.
Business Interruption (Optional)
Business income and extra expense coverage helps replace lost revenue and pay ongoing expenses if a covered loss forces you to temporarily close. It’s an essential protection many business owners overlook.
Specialized Equipment Coverage
If you rely on expensive machinery, refrigeration units, or electronics, equipment breakdown insurance can be included. It covers mechanical or electrical failure not caused by outside perils.
Inland Marine / Mobile Equipment
For contractors, landscapers, or businesses with property that moves between locations, inland marine coverage protects tools and equipment wherever they go. It’s ideal for multi-location or mobile operations.
What to Expect From Our Team
We help you determine accurate coverage limits based on replacement cost — not depreciated value — so you can fully recover after a loss. Our team reviews your building details, equipment lists, and inventory needs to avoid gaps or undervaluation. As an independent agency, we compare policies from multiple carriers to find the right structure for your business. And when a claim happens, you have a responsive local team ready to help, not a distant call center.
Choosing the Right Property Coverage
Understanding what your policy covers — and what it doesn’t — helps protect both your physical assets and your ability to operate. Below is a comparison of common commercial property options for Mount Prospect businesses.
| Coverage Type | What It Covers | Why It Matters |
|---|---|---|
| Building Coverage | Physical structure, roof, walls, signs, attached fixtures | Required by lenders; protects major investments |
| Business Contents | Tools, inventory, equipment, supplies, furniture | Essential for both owners and tenants; landlord’s policy does not cover contents |
| Business Income | Lost revenue + operating expenses after a covered loss | Helps your business stay afloat during repairs/downtime |
| Equipment Breakdown | Mechanical/electrical failure of critical equipment | Covers failures not caused by fire or weather |
| Inland Marine | Tools/equipment that move between locations | Ideal for contractors, mobile operations, multi-site businesses |
Not sure which options fit your operation? Contact us for expert guidance tailored to your property exposures.
Common Questions About Commercial Property Insurance
Does commercial property insurance cover inventory and equipment?
Yes. Business contents coverage protects most items inside your workspace, including electronics, inventory, tools, and machinery. We help you list and value these items so nothing is missed.
How can I protect my business property from fire or theft?
The right commercial property policy includes fire, theft, vandalism, and storm protection. Combining it with business income and equipment breakdown coverage offers even more complete protection.
Do I need property insurance if I rent my space?
Absolutely. Your landlord’s policy covers the building — not your business contents. Most leases also require tenants to carry minimum levels of coverage.
How do I know how much coverage I need?
We help you estimate replacement cost for your building, equipment, and inventory. This ensures you can fully rebuild or replace items after a major loss.
Can multiple locations be covered?
Yes. We can structure your policy to cover multiple buildings, storage areas, or mobile equipment across locations.
Protect Your Property — and Your Business
A major fire, theft, or storm could shut down your business without the right insurance. Let our team help you identify gaps and secure complete protection for your building, equipment, and inventory.
