Commercial Business Insurance for a New Building: What You Need to Know

​Opening a New Business Location? Here's Why Commercial Insurance is a Must.
When you're investing in a brand-new commercial building—whether it’s an office space, warehouse, retail store, or medical facility—it’s important to protect that investment from day one. Commercial business insurance is a critical part of launching and securing your new location. At TBE Insurance Group, we’re here to walk you through everything you need to know to make sure you’re covered.

What Is Commercial Property Insurance?Commercial property insurance helps protect the physical structure of your building, as well as the equipment, inventory, and other assets inside. This type of insurance typically covers losses from:

• Fire and smoke damage
• Storms or wind damage
• Vandalism or theft
• Water damage from burst pipes
• Accidental damage to property

If your business relies on any sort of physical space, you need this coverage to avoid major financial setbacks after a loss.

Do You Need Liability Coverage Too?Absolutely. General liability insurance is essential for any commercial building. This coverage protects you if someone gets hurt on your property or if you’re held responsible for property damage or bodily injury to others.
For example:

• A customer slips and falls in your parking lot
• A contractor accidentally damages a neighboring property during construction
• Someone sues for negligence related to your operations

Having the right liability policy in place can save your business from legal costs and settlements.

Business Interruption Insurance: A Hidden LifesaverWhen your commercial property is damaged, it may take weeks—or even months—to reopen. Business interruption insurance helps cover lost income and operating expenses during this downtime. It can be the difference between reopening or closing for good.

Other Key Coverages to ConsiderDepending on your business and location, you may also need:

• Builders Risk Insurance (if your building is still under construction)
• Equipment Breakdown Coverage
• Commercial Auto Insurance
• Workers’ Compensation
• Flood or Earthquake Coverage (if in a high-risk area)

Why Work With TBE Insurance Group?At TBE Insurance Group, we specialize in protecting businesses of all sizes across Washington and Oregon. We work with multiple top-rated insurance carriers to find you the best combination of price and coverage for your specific needs.
Whether you're opening your first storefront or expanding your operations, we’re here to guide you every step of the way.

Let’s Make Sure Your New Building Is Covered.
Don’t leave your investment exposed to risk. Contact TBE Insurance Group today for a free commercial insurance quote and personalized advice tailored to your business. You can reach us at 509-820-7223 or visit us online at www.TBEinsurance.com.
We’ll help protect what you’re building—literally.