Does Commercial Property Insurance Cover Accidents in Your Business Parking Lot? 

Commercial property insurance is designed to protect the physical assets of your business, such as your building, equipment, inventory, and sometimes outdoor fixtures. This coverage generally applies to losses caused by events like fire, theft, vandalism, or specific weather-related incidents. For example, if a storm damages your parking lot’s lighting or signage, your policy may help cover the repair costs.

Are Parking Lot Accidents Covered?

When it comes to accidents in your business parking lot, such as a customer slipping on ice or two vehicles colliding, the situation becomes more complex. Commercial property insurance usually does not cover bodily injuries or vehicle accidents that occur in your parking lot. Instead, these incidents often fall under commercial general liability insurance or commercial auto insurance.

• Slip-and-fall injuries—If a visitor is injured in your parking lot, your commercial general liability policy may help cover medical expenses and legal costs.
• Vehicle accidents—Damage to vehicles or injuries from car accidents in your lot are typically not covered by property insurance. Commercial auto insurance (if a business vehicle is involved) or the drivers’ personal auto policies may apply.

How Our Team Can Help

At Diamond Insurance Agency, we help business owners understand the details of their commercial property insurance and identify any gaps in coverage. Our team can review your current policies and recommend solutions for both inside and outside your building.

If you have questions about your coverage or want to discuss your insurance needs, contact us today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.