Key Takeaways

Commercial fire insurance protects and replaces your business property and equipment if it’s damaged by fire or smoke. It can also help replace your lost income if you need to shut down temporarily to make repairs after a fire.

Commercial fire insurance coverage can also help pay for liability lawsuits resulting from a fire at your business’ owned or rented property.

This coverage is typically available through a commercial property insurance policy or a Business Owner’s Policy (BOP) with The Hartford.

What Is Commercial Fire Insurance Coverage?

Commercial fire insurance is a type of coverage included in a commercial property insurance policy. It can help protect your business property and equipment if it’s damaged or destroyed by fire or smoke damage. It can also help cover the costs to repair the damaged property and replace lost income if your business needs to shut down temporarily. Commercial fire insurance coverage also can help pay for liability lawsuits that could come up because of a fire at your business’ owned or rented property.

What Does Commercial Fire Insurance Cover?

Commercial fire insurance is typically available with your commercial property insurance policy or a Business Owner’s Policy (BOP). This coverage is designed to help small businesses bounce back after a fire at their company’s property. It can help with repairs or replacement of your company’s owned or rented physical assets like equipment, inventory and your physical property. Commercial fire insurance coverage typically covers the following:

Fire damage
Smoke damage
Property damage caused by firefighters
Damage to neighboring properties

If you have a Business Owner’s Policy (BOP) with The Hartford, you’ll also have business interruption insurance, which can help cover your business expenses and replace your lost income while you’re temporarily shut down due to a fire. Business interruption insurance can also help pay for:

Relocation rental costs
Cleaning and repairs
Employee payroll
Lost income
Normal operating expenses

How Much Does Business Fire Insurance Cost?

Our customers pay about $1,605 a year on average for commercial property insurance.** Keep in mind that your commercial property insurance cost will vary because insurance companies use different factors to determine your price, including your:

Location
Construction type
Occupancy
Fire and threat protection

Tips To Help Reduce the Risk of Fire at Your Business

Taking steps to reduce your fire risk in the workplace can help reduce your chances of filing an insurance claim. It can also help lessen your costs for repairs or replacement if a fire does happen. Here are some ways your company can reduce your fire risk:

Inform your employees about fire safety equipment locations
Update your fire insurance policy after making equipment upgrades
Mark all emergency exits in your commercial property
Practice fire drills with staff
Replace or remove risky appliances
Clean equipment often
Keep your fire systems code-compliant

Get a Commercial Fire Insurance Quote From The Hartford

We’re an insurance company with over 200 years of experience protecting small businesses like yours. Our specialists are here to help you find the coverage you’re looking for and can help you fully customize a policy to your needs. Find an agent to get a commercial fire insurance quote from The Hartford.