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Our Property Insurance Services

Business Property Insurance

Commercial Property Insurance by Commercial Global / Higginbotham

Builders Risk Commercial Property InsuranceCommercial Property Insurance, also known as business property insurance, in its broadest form is defined as insurance which provides protection against most risks to commercial property, both real and personal. Essentially, business property insurance covers the building or property in which you do business. Business or Commercial Property Insurance may include specialized forms of insurance such as flood insurance, windstorm insurance, builder’s risk insurance, or boiler & machinery insurance.

Commercial Property Insurance is carried by a variety of businesses, including manufacturers, retailers, service-oriented businesses and not-for-profit organizations. Because it is regarded as a necessary cost, businesses can usually deduct the cost of business property insurance coverage premiums as expenses.

Commercial Property Insurance Options

There are three main types of Business Property Insurance:

  • Replacement Cost – Insurance policy pays the cost of replacing the property, regardless of depreciation and actual cash value.
  • Stated Value – Insurance policy pays the stated monetary value listed for the property.
  • Actual Cash Value – Policy pays the replacement cost less expense for depreciation.

Some policies may even offer Extended Replacement Cost coverage which will pay over the coverage limit if the costs for construction have increased. Extended Replacement Cost will generally not exceed 25% of the limit.

Types of Property Insurance:


Inland-Marine-Medical-equipment-commercial-property-insuranceEquipment Breakdown Insurance is a special form of Property Insurance.  It is used for high value equipment, such as Medical Devices, Printing Presses, specialized tooling etc, which pays to replace and expedite repairs for such equipment.

CGIS Property Insurance

At CGIS we offer customized commercial property insurance coverage packages. As an independent commercial property insurance company we do not represent any one insurer. That means we’ll always keep your best interests in mind as we mix and match policies to come up with the perfect, highly tailored property insurance package.


Call us today at 281-612-5974 for your FREE Risk Analysis