Business Insurance / Property & Asset Protection
Protect What You've Built — Your Property, Your Equipment, Your Income.
A single event — a fire, a break-in, a hailstorm, a flood — can threaten your building, your contents, and your ability to operate all at once. We help business owners across Texas build protection programs that actually make them whole when something goes wrong.
Why Businesses Choose McKnight for Property Coverage
Most business owners don't know what they'd actually lose until it's gone.
A fire, a break-in, a hailstorm, a pipe that bursts overnight — these aren't rare events for Texas businesses. What surprises most business owners isn't the event itself. It's the full scope of what's at stake: not just the building or the equipment that got damaged, but the weeks or months they can't operate, the payroll they still owe, the clients they lose in the meantime, and the gap between what their policy pays and what it actually costs to rebuild.
One of the most important distinctions we make with every property client is the difference between building coverage and contents coverage. If you lease your space, you might assume you don't need property insurance — but everything inside that space is your exposure. Your equipment, your tools, your inventory, your furniture, your computers — none of that belongs to your landlord. That's your investment, and it needs its own protection.
"You don't have to own the building to have a serious property exposure. Everything inside it — and everything that moves in and out of it — is worth protecting."
We serve businesses across Texas — from DFW to Houston, San Antonio, Austin, and beyond. Whether you own your building or lease it, whether you store everything on-site or move equipment between locations, whether you operate out of a warehouse, a shop, or a storefront — we build programs that match how your business actually runs and what it would actually cost to recover from a loss.
Building owners and tenants both have exposure
We help both — whether you own your space and need structure coverage or you lease and need to protect everything inside it.
Talk to a specialist →Income protection, not just property repair
The cost of a loss is never just the damage. We make sure business interruption coverage is part of your program so a closure doesn't also become a financial crisis.
Learn about business interruption →Real people — actually reachable
When something happens to your property, you need help fast. When you call McKnight, a person answers — someone who knows your policy and can help you move forward.
Meet our team →Real Risks. Real Scenarios.
The property situations that catch business owners off guard.
These aren't hypotheticals. These are the situations Texas business owners call us about.
A fire shuts down operations for two months
The fire is out, the damage is assessed — but the building is unusable and the equipment needs replacing. Two months later you're still not operating. Your property policy covers the damage. Without business interruption coverage, the income you lost, the payroll you still covered, the clients you lost — none of that comes back.
A break-in cleans out your equipment
Someone cuts the lock on your shop or yard overnight and takes everything. If your policy limits were set three years ago when you had half the equipment you have now, you'll get a check that doesn't cover what's gone. Contents coverage needs to reflect what you actually have today — not what was convenient to insure when you first signed.
A hailstorm damages your roof and you're underinsured
Texas hail can cause significant structural damage fast. If your property is insured for actual cash value rather than replacement cost, the depreciation deducted from your claim can be substantial. The difference between what the policy pays and what it actually costs to fix the roof comes straight out of your pocket.
A flood isn't covered — and you didn't know that
Standard commercial property policies in Texas exclude flood damage. That's not a technicality — it's a significant gap for businesses in flood-prone areas across the state. If your location flooded and you didn't have a separate flood policy in place, your standard property coverage won't pay for the damage regardless of what you paid in premiums.
Equipment breaks down and halts your operation
A critical piece of equipment fails — an HVAC system, a compressor, a refrigeration unit. Standard property insurance covers damage from fires and storms. It doesn't cover mechanical or electrical breakdown. Without equipment breakdown coverage, you're paying for repairs and lost productivity entirely out of pocket.
Property leaves the building and loses its coverage
Your commercial property policy covers assets at the location listed on your policy. Equipment taken to a job site, tools in a vehicle, inventory in transit — these may not be covered once they leave that address. A lot of businesses with mobile operations find this out the hard way. Inland marine coverage is what follows your property wherever the work takes it.
Coverage Recommendations
A complete property & asset protection program.
Property protection for a business isn't one policy — it's a set of coverages that work together to protect your building, your contents, your income, and your equipment wherever it goes. Here's how we think about building a complete program.
Commercial Property Insurance
Covers the physical structure of your building against fire, storm, theft, vandalism, and other covered perils. If you own your building, this is the foundation of your program. Limits should reflect what it would actually cost to rebuild — not what you paid for it.
Learn more →Business Personal Property
Covers the contents of your business — equipment, tools, inventory, furniture, and computers inside your space. Critical for tenants who don't own their building. Your landlord's policy covers the structure. Not a single item inside it that belongs to you.
Learn more →Business Owner's Policy (BOP)
Bundles commercial property and general liability coverage into a single policy at a discounted rate. Designed specifically for small and medium-sized businesses — often the most cost-effective starting point for a complete protection program. Additional coverages can be added on top.
Learn more →Business Interruption & Extra Expense
Replaces lost income and covers ongoing expenses when a covered loss forces you to close or scale back operations. The cost of a property loss is never just the damage — it's everything that stops while you recover. This coverage bridges that gap.
Learn more →Equipment Breakdown
Covers mechanical and electrical failure of covered equipment — HVAC systems, compressors, refrigeration units, production equipment. Standard property insurance covers damage from fires and storms. It doesn't cover a machine that simply stops working. This does.
Learn more →Inland Marine
Covers property in transit, at job sites, at temporary locations, or anywhere away from your primary business address. Your commercial property policy stays at the address on the declarations page — inland marine follows your equipment wherever the work takes it.
Learn more →Common Mistakes We See
What your current property coverage might be missing.
Insuring for actual cash value instead of replacement cost
Actual cash value pays what your property is worth today — after depreciation. Replacement cost pays what it actually costs to repair or replace it. The difference can be tens of thousands of dollars on a single claim. Most business owners don't know which one they have until they file.
Not having business interruption coverage
Property insurance pays to fix the damage. Business interruption pays for what you lose while you're shut down — income, payroll, fixed expenses. Without it, you're personally carrying the financial weight of recovery while your doors are closed.
Assuming flood is included in your property policy
It almost never is. Standard commercial property policies in Texas exclude flood damage. If your business is in a flood-prone area, this is a separate policy that needs to be in place before the water rises — there's typically a 30-day waiting period after purchase before it takes effect.
Thinking you don't need property insurance because you rent
Your landlord's insurance covers the building. It covers nothing inside it that belongs to you. If there's a fire and your equipment, inventory, and contents are destroyed, your landlord's policy won't pay you a dollar. Business personal property coverage is what protects tenants.
Not updating limits as the business grows
Property limits set three years ago may significantly underinsure what you have today. As you add equipment, build inventory, or expand your space, your coverage needs to keep pace. A policy that was right when you signed it can leave you dangerously underinsured at renewal if nothing was updated.
No coverage for property that leaves the building
Equipment taken to a job site, inventory in transit, tools in a company vehicle — these are generally not covered under your commercial property policy once they leave the listed location. If your business moves assets around regularly, inland marine coverage is what follows your property wherever it goes.
FAQ
Questions business owners ask us about property coverage.
Get Started
Let's make sure you're covered for what it would actually cost to recover.
Whether you own your building or lease your space, whether you store everything on-site or move assets across Texas — we'll take the time to understand your property exposure and build a program that actually makes you whole. No pressure. No jargon. Just straight answers.
Serving businesses across Texas · In-person appointments welcome · No obligation
Property & Asset Protection Insights
Coverage guidance for Texas businesses protecting their buildings, equipment, and inventory.
