Protect your building, equipment, and business assets with coverage designed for real world risk. PRK Insurance Agency, Inc. helps you compare options and choose protection that fits your property and operations.
Commercial property insurance can help protect your business property such as buildings, inventory, furniture, and equipment after covered events like fire, theft, or certain storms.
Building coverage protects the structure you own. Business personal property coverage helps protect items inside, like equipment, inventory, tools, fixtures, and office contents.
Most policies cover specific causes of loss and exclude others. Understanding exclusions (like flood, wear and tear, or certain water damage) helps avoid surprises during a claim.
Replacement cost helps repair or replace property without depreciation. Actual cash value accounts for age and wear, which can reduce claim payouts.
Coverage should reflect rebuild cost for buildings and realistic replacement values for business contents. Underinsuring can lead to out of pocket costs after a major loss.
Many businesses add business interruption coverage to help replace lost income and cover certain expenses if operations are paused due to a covered property claim.
Commercial property coverage depends on details: what you own, what you lease, and what your business could lose if operations stop. Since 2004, PRK Insurance Agency, Inc. has helped New York business owners compare trusted options and choose coverage that fits their property and risk. Based in Melville, NY, our team provides clear guidance, competitive pricing, and responsive support you can count on.
Get clear answers to common commercial property insurance questions, including what’s covered, how to choose limits, and how to protect your building, equipment, and operations in New York.
Commercial property insurance can cover buildings, equipment, inventory, furniture, and other business assets after covered losses such as fire, theft, or certain storm damage.
If you lease a space, you typically insure your business personal property and may insure tenant improvements. The building itself is usually insured by the property owner.
Flood damage is typically excluded from commercial property insurance. Flood insurance is usually a separate policy.
Business personal property coverage helps protect the items your business owns inside the building, including inventory, equipment, tools, furniture, and fixtures.
Replacement cost coverage helps repair or replace damaged property without depreciation. It often provides stronger protection than actual cash value.
Actual cash value coverage factors in depreciation. It may lower premiums but can reduce claim payouts for older equipment and contents.
Limits should reflect rebuild cost for the building and realistic replacement values for inventory and equipment. Accurate limits help avoid underinsurance.
Business interruption coverage can help replace lost income and cover certain ongoing expenses if your business cannot operate due to a covered property claim.
Equipment breakdown coverage is often separate or added by endorsement. It can help with costs related to mechanical or electrical breakdowns.
Pricing depends on property location, building type, construction, occupancy, protection systems, claim history, coverage limits, and deductible.
Yes. PRK Insurance Agency, Inc. helps New York businesses compare coverage options and choose the right commercial property protection with clear guidance and fast support.
