Protect Your Business Assets with Comprehensive Property Coverage
At Galloway Insurance, we understand that your commercial property is one of your most important business investments. Whether you own an office building, retail store, warehouse, or service shop, having the right insurance coverage is essential to protect your physical assets against unforeseen risks.
We proudly serve businesses across Marble Falls, Burnet, Horseshoe Bay, and throughout Central Texas, offering customized commercial property insurance solutions to fit your needs.
What Does Commercial Property Insurance Cover?
Commercial Property insurance typically includes protection for:
- Buildings and Structures – Covers damage to owned buildings and attached structures caused by fire, storms, theft, vandalism, and other covered perils.
- Business Personal Property – Insures your equipment, furniture, inventory, supplies, and fixtures located within your business premises.
- Equipment Breakdown – Covers the cost to repair or replace essential machinery and systems in case of mechanical failure.
- Loss of Income – Provides compensation for lost revenue and ongoing expenses if your business operations are interrupted due to a covered event.
- Outdoor Signs and Landscaping – Extends coverage to signage, fencing, and landscaping damaged by a covered cause of loss.
Additional optional endorsements are available to expand coverage depending on your business type and needs.
Who Needs Commercial Property Insurance?
Any business that owns or leases a physical location or valuable business property should carry commercial property insurance, including:
- Retail stores
- Office buildings
- Warehouses and storage facilities
- Restaurants and cafes
- Manufacturing plants
- Service businesses (salons, auto repair shops, medical offices)
If your business relies on a physical space, inventory, or specialized equipment, this coverage is critical.
What Events Are Covered?
Typical covered causes of loss include:
- Fire and smoke damage
- Vandalism and theft
- Water damage from burst pipes
- Wind and hail damage
- Lightning strikes
Note: Flood and earthquake coverage usually require separate policies or endorsements.
Our Promise: Insight, Expertise and Relationsip
At Galloway Insurance, we believe in more than just selling policies —we’re here to build lasting partnerships with Texas business owners.
- Insight—We understand your needs.
- Expertise—We understand Insurance.
- Relationship—You will love doing business with us, we care.
- Here to Help—When you call, we answer… When you come by, we’re here.
- Community—We make significant investments in our community because of your choice to do business with us.
Frequently Asked Questions (FAQs)
Is commercial property insurance required in Texas?
While not legally required, commercial property insurance is often mandated by lenders or landlords as a condition of financing or leasing.
Does commercial property insurance cover inventory?
Yes, most commercial property policies include coverage for business personal property, such as inventory, supplies, and furnishings.
What is replacement cost vs. actual cash value coverage?
Replacement cost coverage pays to replace your property at today’s prices, while actual cash value factors in depreciation. We can help you choose the right option.
Does commercial property insurance cover flood damage?
No. Flood coverage must be purchased separately through a specialized flood insurance policy.
How can I reduce the cost of my commercial property insurance?
Installing security systems, fire alarms, sprinkler systems, and maintaining good risk management practices can often lower premiums.