Resources
Commercial Property resources
Building, occupancy, and property coverage guidance for commercial owners.
Published guides
Commercial Property resources
How much does commercial property insurance cost in Minnesota?
There is no single number for commercial property insurance in Minnesota. The premium is a rate applied to the building's insured value, and both can be wrong. After 2022, the most expensive storm year in state history, and a billion-dollar 2023 hailstorm, Minnesota carriers repriced the whole market with higher rates, percentage wind/hail deductibles, and actual-cash-value roof clauses. Owners should check the limit against today's rebuild cost, whether the rate has been shopped, and what has been added to the deductibles.
Read the answer →How much does commercial property insurance cost in New Mexico?
There is no single number for commercial property insurance in New Mexico. The premium is a rate applied to the building's insured value, and both halves are moving: wildfire losses in 2022 and 2024 pushed the state's regulator to say rates need to rise, and carriers have answered with higher rates, new wildfire and hail deductibles, and non-renewals. Owners control two things — whether the insured value is right, and whether the rate has been shopped.
Read the answer →How do I insure an older commercial building at a fair price?
Carriers decide whether to quote an older commercial building based on four systems: roof, electrical, plumbing, and heating and cooling. Owners who document updates to those systems get quotes from more carriers at better prices. Older buildings also need two coverages they most often lack: ordinance or law coverage for code upgrades after a loss, and a replacement cost limit that reflects today's construction costs.
Read the answer →What should I know about insuring a New Mexico commercial building?
New Mexico buildings break the assumptions most insurance pricing is built on: adobe and stucco construction, flat roofs that take monsoon hail and then pond water, wildfire exposure in the north, and a drought that affects fire protection and sprinkler supply while arroyo flash flooding remains a live risk. Owners should get a construction-accurate valuation, document the roof, check fire protection class and percentage deductibles, and price flood separately where needed.
Read the answer →