Insuring Large Properties
Consistent Needs, Unique Risks
by Mike Compton
When it comes to insuring large commercial properties, one thing is certain: no two buildings are exactly alike. Yet, there are some consistent needs across the board—protecting physical structures, covering liability, and ensuring business continuity. At the same time, each property type carries its own unique set of risks that require careful attention and customized coverage.
Whether you’re managing a sprawling office complex or a high-traffic retail center, understanding the nuances of insuring large properties is essential. Here’s a look at the types of properties we regularly help protect and the insurance considerations that come with each.
Large Property Types We Insure:
- Office Buildings – These range from multi-tenant high-rises to corporate campuses. Insurance coverage must address fire and water damage, elevators, equipment breakdown, and general liability for both employees and visitors.
- Retail Centers / Shopping Malls – These spaces are often home to multiple businesses, increasing exposure to liability claims, theft, and property damage. Common policies include commercial property, liability, and business interruption insurance.
- Industrial Facilities – Warehouses, distribution centers, and manufacturing plants come with heavy machinery and operational risks. Policies often include equipment breakdown, workers’ compensation, and pollution liability.
- Hotels And Resorts – High guest turnover and hospitality services mean increased exposure to slip-and-fall claims, data breaches, and liquor liability. Insurance must cover guest property, business income, and commercial auto if shuttles are involved.
- Medical Facilities – Hospitals and clinics require property insurance, cyber liability (to protect patient records), and specialized policies for medical malpractice or equipment failure.
- Senior Living Communities – These facilities must balance property protection with extensive liability coverage, including professional liability, abuse/molestation coverage, and emergency evacuation planning.
- Educational Facilities – From private schools to universities, coverage needs to account for student safety, educator liability, abuse prevention, and large-scale property damage.
- Worship Or Religious Facilities – Churches and religious campuses often host large events and community programs, requiring liability coverage for gatherings, volunteers, counseling services, and property damage.
- Event Venues – Convention centers, theaters, and stadiums host thousands of people. Insurance needs include public liability, liquor liability, vendor agreements, and potential cancellation coverage.
- Self-Storage Facilities – Unique risks include customer property claims, fire, theft, and issues with climate control. Specialty endorsements are often needed.
- Government And Municipal Buildings – Public entities need policies that cover everything from flood risk to property damage to employee liability, often through customized public sector programs.
- Mixed-Use Developments – Blending residential, retail, and office space requires layered policies to protect against cross-use liability, shared infrastructure failures, and tenant negligence.
At Shafer Insurance Agency, we understand that insuring large-scale properties isn’t a one-size-fits-all job. We work closely with property owners, developers, and managers to ensure comprehensive protection for both everyday operations and unexpected disruptions. From base commercial property insurance to highly specific liability endorsements, we help you stay covered—and confident.
If you manage or own a large commercial property, let’s talk. Our team is ready to build a custom insurance program that meets your property’s specific needs and protects your investment for the long haul.