Commercial Real Estate Insurance

Protects the physical structure of your buildings — roofing, mechanical systems and permanent fixtures — against fire, windstorm, vandalism and other covered perils.

Covers bodily injury and property damage claims from tenants, visitors or third parties, including slip-and-fall incidents and common area accidents.

Replaces lost rental income and covers ongoing operating expenses when a covered loss forces a property temporarily out of service.

Provides higher limits above your underlying liability policies when a single claim exceeds standard policy limits.

Addresses catastrophic natural disaster exposures that standard property policies typically exclude, particularly critical in high-risk geographic areas.

Covers data breaches, ransomware and cybercrime, all essential protection for portfolios using property management software, tenant portals or smart building systems.

Protects against costs arising from pollution events, mold, asbestos, underground storage tanks and other environmental exposures on your properties.

Covers repair or replacement when HVAC systems, elevators, boilers and other mechanical equipment fail due to electrical or mechanical breakdown.

Protects properties under construction or major renovation from physical loss during the project period.

Is required coverage for employees who maintain, manage or operate your properties.

Protects REITs, ownership entities and management companies from claims alleging wrongful acts by their leadership.

Covers claims from employees or contractors alleging discrimination, harassment or wrongful termination.

Commercial property insurance is a single line of coverage that protects the physical structure and contents of a building from fire, weather, vandalism and other covered perils. Commercial real estate insurance is a broader term for the full program of coverages a property owner or investor needs, including general liability, business interruption, umbrella liability, environmental coverage, cyber insurance and more. Think of commercial property insurance as one important component within a comprehensive commercial real estate insurance program.

Yes, through business interruption coverage, sometimes called rental income insurance or loss of rents coverage. When a covered loss, such as a fire or major water damage event, makes a property temporarily uninhabitable or unable to generate income, this coverage replaces the rental revenue you would have collected during the restoration period. It can also cover ongoing expenses like debt service and property management fees that continue regardless of whether tenants can occupy the space. Coverage terms, waiting periods and limits vary significantly by policy, so work through these details with your HUB advisor before a loss occurs.

Mixed-use properties — those combining office, retail, residential or industrial space — require a program that addresses the unique risks each use brings. Retail and office tenants create different liability exposures than residential tenants. Vacant units carry their own underwriting considerations. And a single claim in one section of a portfolio can affect coverage for the whole. 

Umbrella liability coverage provides an additional layer of protection above your underlying general liability, commercial auto and EPL policies. When a claim, such as a serious injury on your property, exceeds the limits of your underlying policy, umbrella coverage responds to protect your assets beyond that threshold. For real estate portfolios, where a single nuclear verdict (a jury award of $10 million or more in a negligence lawsuit against an insured) or catastrophic event could generate exposure across multiple properties simultaneously, umbrella and excess liability coverage is typically essential.

Underinsurance in commercial real estate most often happens when insured values haven't kept pace with rising construction costs, or when a property's replacement cost — what it would actually cost to rebuild today — was not accurately established.  Signs that a review is warranted include policies that haven't been updated in two or more years, renovated or expanded properties, or portfolios in markets where construction costs have risen substantially. HUB advisors conduct insurance-to-value analyses to identify gaps and help you carry the right limits to ensure you are not underinsured or paying for coverage you don't need.

Replacement cost coverage pays what it costs to repair or rebuild a damaged property using current materials and labor, without any deduction for depreciation. Actual cash value (ACV) coverage pays the depreciated value of the damaged property, meaning the older or more worn the building or its systems, the less an insurer will pay after a loss. For most commercial real estate owners, replacement cost coverage is the stronger choice because it protects the true economic cost of restoring a property to its prior condition. ACV policies typically carry lower premiums, but a HUB advisor can model both options against your portfolio to help you find the right balance of premium cost and post-loss protection.

A HUB International commercial real estate insurance specialist brings specialized expertise to every aspect of your program — from evaluating lease agreements to identify tenant-specific exposures, to analyzing contractor and vendor agreements for hidden liabilities, to reviewing your portfolio's replacement cost valuations to confirm you're carrying adequate limits. Beyond structuring your coverage, HUB advisors actively manage your program through market changes, renewal negotiations and claims advocacy. In a market where underwriting scrutiny has intensified and insurer appetites shift regularly, having an experienced specialist with extensive carrier relationships gives your portfolio a significant advantage in securing comprehensive coverage at competitive terms.