All variables are looked at before any policy is offered. Risk: The insurer will determine an overall risk for the business and building before issuing a rate.Companies with high-foot traffic or numerous employees pay more because higher occupancy means higher risks. Occupancy: Who occupies the business during office hours influences the rates.

Features like fire-retardant materials and upgraded HVAC systems can lower rates. Construction: How the business’ structure was built and its condition.There are many variables considered when pricing a Commercial Property Insurance policy, including: Most pay under $1,000 annually, with an average of $742.įor example, a mid-sized landscaping company with 20 to 30 employees may pay between $3,000 and $5,000 a year due to the increased equipment risks and storage space. The average business pays between $1,000 and $3,000 per million dollars of coverage. By combining General Liability Coverage and Commercial Property Insurance, business owners benefit from simplicity and cost savings.Ī small business owner may pay as little as $500 per year, while a major corporation could pay $500,000. It is important to note that Commercial Property Insurance coverage can be offered in a business owner's policy, too. Every business is different with variables that must be considered. How much you pay for Commercial Property Insurance depends on your business. How Much Does Commercial Property Insurance Cost? While the physical building is beyond repair, your business will recover because you had the proper policies in place. Luckily, you were smart enough to have Commercial Property Insurance. You never imagined your business burning to the ground, but it happened. Flames engulfed the building, and firefighters rushed the scene.

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