SWG PROPERTY: Insuring Commercial Property

Jul 2021

Commercial properties offer business owners high visibility and easy access as two of their biggest advantages. Commercial properties, which tend to be spacious and conveniently located, allow retailers and other companies more freedom to design their facades and interior spaces than those within large buildings like shopping malls. These benefits come at the expense of increased security and safety measures, and present unique risks to property owners.

What is a Commercial Property?

commercial property is generally any property that is not solely residential. As such, even a mixed-use property that is intended for residential and commercial purposes can still be considered commercial. It can include buildings ranging from a large shopping mall to a small standalone office. Even community buildings like churches or schools are considered commercial, though they are considered special-purpose buildings.

A free-standing commercial property is a commercial property that exists as a separate structure. This is unlike places found within other structures like a mall, shopping centre, or a medical office complex.

Liability Risks

A business must make sure the commercial property it operates from and everything inside are protected from loss.

Here are some common risks every commercial property needs to consider:

  • Business interruption:Loss of income due to being shut down temporarily, where the shutdown itself is a covered peril. This could happen for any number of reasons including repairs or rebuilding. This is critical coverage to ensure business continuity and making sure the business can continue to pay for expenses or payroll.
  • Loss from crime, theft or vandalism, or employee dishonesty
  • Repair or replacement costsfor equipment, inventory, furniture, computers and other electronics, or other things on the property that have broken down or need replacement and are covered.
  • Loss from earthquakes, floods, or sewer backups
  • Loss from fire, explosions, burst pipes, storms
  • Nearby or adjacent hazards, such as a storage tank with flammable liquids.

SWG Property – Commercial Property

SWG PROPERTY – Commercial Property Liability is designed to cover hard-to-place property accounts. We can accommodate most realty-type risks, from stand-alone rentals and vacant dwellings, to large commercial risks, with an in-house capacity of up to $6,000,000.

Coverage highlights:

  • Broad Form or Named Perils
  • Replacement Cost
  • ACV
  • Dependent on individual risk, age, construction, occupancy and town grade

Other Coverages Include:

  • Business Interruption, Rental Income
  • Flood, Quake, Sewer Backup
  • Crime – including Employee Dishonesty & Broad Form Money & Securities
  • Mechanical Breakdown

Extension Packages:

  • Personal Property of Officers and Employees
  • Growing Plants, Trees, Shrubs or Flowers in the Open; Limited to $1,000 per plant
  • Accounts Receivable
  • Stock Spoilage
  • Building By-Laws
  • Inflation Protection
  • Exhibition Coverage
  • Automatic Fire Suppression System Recharge Expense
  • Brands and Labels
  • Fire Fighting Expenses
  • New Acquired Locations (30 Days)
  • Building
  • Equipment and Stock (Contents)
  • Debris Removal
  • Peak Season Increase
  • Contents Off Premises in the custody of Sales Representatives
  • Land and Water Pollution Clean Up Expense (Annual Aggregate)
  • Building Damage by Theft
  • Extra Expense
  • Valuable Papers
  • Off Premises Services Interruption
  • Electronic Data Processing Equipment and Media
  • Systems Breakdown Coverage
  • Fine Arts
  • Maximum value any one item; Any One Occurrence
  • Installation Floater
  • Professional Fees
  • Exterior Building Glass
  • Signs
  • Master Key


Most realty type risks are written on a “Premises” type form but full CGLs including Tenant’s Legal Liability are available.

For more information, visit our product page: https://swgins.com/product/swg-property.html.

Content is current as of the date of broadcast and is subject to change without notice.