As with other insurance policies, commercial property insurance premiums depend on many factors, and the costs can differ from one business to another. The premiums can increase or decrease significantly depending on the nature of the business and its insurance requirements.
These are the important factors affecting a standard commercial property insurance policy:
Value and number of properties insured
Location of your business
Nature of your business and the industry your business is involved in
Condition of your commercial property
Property valuation method
Coverage limits and deductibles
Types of perils covered, etc.