New York Commercial Property Insurance

It’s a wild and unpredictable world out there, but thankfully, commercial property insurance can save the day when incidents happen. Protect your business with commercial property insurance from HCP.

NY commercial property insurance

Commercial property coverage is a wise investment for businesses that value the security and longevity of their assets. With it, they have a defense against unexpected perils threatening their financial stability.

What is commercial property insurance?

Commercial property insurance is vital to any business’s risk management strategy. It safeguards against financial losses resulting from property damage or destruction.

These include:

  • Fire
  • Wind
  • Lightning
  • Burglary
  • Vandalism
  • Theft

Typical small business risks covered by commercial property insurance

  • Fire damage

    Commercial property insurance can cover fire damage to a business’s physical property. This property might include buildings, equipment, and inventory. Commercial property coverage can help companies to recover from repairing or replacing damaged property.

  • Theft and vandalism

    Commercial property insurance can also cover theft and vandalism. Naturally, these can cause significant damage and financial losses to a business. This coverage can help your company replace stolen or damaged property. It can also go toward repairing the business premises after a vandalism incident.

  • Natural disasters

    Commercial property insurance can cover losses caused by natural disasters such as floods, earthquakes, hurricanes, and tornadoes.

  • Business interruption

    Your business might face an interruption due to a covered event, such as a fire or natural disaster. While you repair or rebuild from damage, it may help you stay operational and stable, especially if it includes business income coverage, which compensates for the income loss when covered property damage disrupts business operations.

  • Liability

    Liability is another risk your commercial property insurance policy might cover. Often, it protects your business from financial losses. For example, if someone gets injured on your property or if you damage someone else’s property.

  • And more

    Coverage can be customized to protect business property, and cover the costs of replacing or repairing it after other types of incidents like: water damage, collapse of structures, equipment breakdowns, civil disturbances, and even terrorism.

Choose HCP Insurance for commercial property insurance in NY

Contact HCP Insurance today to see what this coverage can do for your NY business. We’ll tailor a policy that fits your goals, business, and budget.

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Who needs commercial property insurance?

Any business owning or leasing a physical space should have this coverage.

Some of the industries that greatly benefitted from having commercial property insurance in New York:

Examples of commercial property insurance claim scenarios


A New York restaurant experiences a fire in the kitchen. It causes extensive damage to the equipment and surrounding area. Commercial property insurance would cover repairing or replacing the damaged property. It could also provide business income coverage when the restaurant cannot operate.


New York retail theft has hit record heights, with thieves stealing significant inventory. Commercial property insurance would cover the cost of replacing the stolen goods. It could also cover any damage done to the store during the break‑in.

Community centers

NYCHA Complex experiences flooding and forces residents out of the area. Commercial property insurance would cover repairing or replacing damaged areas and equipment. It may also provide financial relief so residents have housing during renovations.

Frequently asked questions about commercial property insurance