It typically includes coverage for the structure of the building, as well as for any equipment, furniture, fixtures, and inventory stored inside. It can also provide coverage for any common areas of the business, such as parking lots or sidewalks.
Commercial property insurance typically includes liability coverage, which pays for any legal costs associated with defending yourself against a liability claim. It can also provide coverage for any medical expenses incurred by a person injured on your property, as well as for any damage caused by theft or vandalism.
Generally, these policies include coverage for the structure of the building, personal property, and additional living expenses. Additional coverage may be offered for items such as business interruption, property damage caused by tenants, and loss of rental income due to tenant default.