Commercial Property Insurance

What is commercial property insurance?

Commercial property insurance (AKA business property insurance) insures your building, improvements, equipment, inventory, furniture, computers, and other business personal property against covered losses like fire, theft, vandalism, wind, hail, weight of snow/ice, and some water damage. It can also insure business income/extra expense (to pay for lost earnings after a covered claim), equipment breakdown, signs, property in transit, and tenant improvements.

For Minnesota businesses—where freeze damage, severe storms, and winter weather are real hazards—having the right coverage and limits is essential.

Why do you need commercial property insurance?

Even a minor mishap halts operations and sucks cash. Minnesota commercial property insurance allows you to pay for fixes or replacements and continue to receive paychecks while you recover. Whether it’s a retail storefront, brewpub, warehouse, office condo, restaurant, dispensary, shop, or light-manufacturing space, Minnesota commercial property insurance is the cornerstone of a solid protection plan.

Forecast today: Gigantic Savings. Reach out to us about bundling coverages to take advantage of Package Discounts!

The Higher Difference

• We provide the lowest premiums in town. We negotiate tough with carriers for cheap commercial real estate insurance without cutting corners on coverage.
• Low-cost pay plans, reduced down payments. Maintain healthy cash flow with flexible billing.
• Local claims counsel. When bad things occur, we’re on your side—from start to completion.
• Choices tailored to you. From BOPs (Business Owner Policies) to specialty property programs, we tailor protection to your building, contents, and operations.

What does commercial property insurance cover?

• Building (owned building) coverage
• Business personal property (equipment, inventory, furnishings)
• Business income & extra expense
• Equipment breakdown (HVAC, boilers, electrical, etc.)
• Outdoor property (signs, fences; sublimits may be included)
• Inland marine for tools/property off-premises or in transit
• Ordinance or Law to cover code-upgrade expenses following a loss

Ask about water/sewer backup, employee dishonesty, and cyber endorsements to round out your coverage.

What limits are included?

We’ll help you select limits reflecting replacement cost, not market value. Typical options are blanket limits at premises, inflation guard, and varied deductibles to balance cost and risk. We’d generally place policies with building and contents limits between $100,000 and multi-million-plus business income coverage that mirrors your actual exposure.

How much does commercial property insurance cost?

Commercial property insurance cost depends on building construction, protection class, age of roof/mechanicals, location, occupancy, security, sprinklers, prior claims, and selected limits/deductibles. Many Minnesota small businesses see premiums starting in the low hundreds per year for smaller schedules, with larger properties scaling accordingly. We’ll compare multiple carriers to secure the best commercial property insurance program for your budget.

Is commercial property insurance required in Minnesota?

The State of Minnesota does not necessarily mandate businesses to have commercial property insurance by statute. Lenders, contracts, and leases typically do, though, and neglecting to obtain them leaves you open to avoidable expenses and losses. Looking for “commercial property insurance near me”, we’re your local solution.

Get a quote for online commercial property insurance.

Prefer digital? Start an online commercial property insurance quote in minutes or call us for personal help. We’ll review your current policy, identify gaps, and deliver the best business property insurance quotes—fast.

📞 952-469-0401

Elevated Risk Solutions has the best deal on commercial property insurance in Minnesota.

Don’t delay—get a quote today!