Commercial property insurance, sized to your building and contents.

A business owners policy is a packaged product designed for small to mid-market businesses: it bundles commercial property, general liability, and business income/extra expense into a single policy with simplified underwriting. Most BOPs cap at around $1M to $5M in building value or revenue, depending on carrier appetite. Standalone commercial property is used for larger or more complex accounts that exceed BOP limits, have multiple locations, need specialty endorsements, or want general liability written separately. The split-policy approach gives more underwriting flexibility but takes more agent time to coordinate. For most Georgia small businesses under $1M revenue, a BOP is the right starting point. For mid-market and larger, standalone commercial property paired with separate general liability typically delivers more tailored coverage.

Business interruption coverage is technically called 'business income' in most modern commercial property policies. When a covered peril (fire, storm, vandalism, equipment breakdown with the right endorsement) interrupts business operations, business income pays lost net profit and continuing fixed expenses (rent, payroll, utilities) during the restoration period. The restoration period typically runs from the date of loss until the business could reasonably resume operations, not necessarily until full recovery. Most policies include extra expense coverage too, which pays above-normal costs to maintain operations during the loss (temporary location rent, expedited shipping, equipment rental). Setting accurate business income limits requires looking at your annual revenue, profit margin, and how long it would take to rebuild and re-stock after a major loss.

When a commercial building suffers a covered loss, the rebuild must meet current building codes. If those codes have changed since the original construction (more stringent fire suppression, accessibility requirements, energy codes, structural standards), the rebuild cost can be substantially higher than what the standard property policy pays. Ordinance or law coverage fills that gap, paying the additional cost of code upgrades during repair. It typically has three components: the increased cost of construction, the cost to demolish and remove undamaged portions of the building that must be rebuilt due to code, and the loss of value to the undamaged portions. Critical for older buildings, multi-story buildings, and properties in jurisdictions with strict code enforcement. Often a separate sublimit on the policy that needs to be set thoughtfully.