How Much Does Office Building Insurance Cost in Texas?
- Nate Jones, CPCU, ARM, CLCS, AU
- Oct 13
- 3 min read
Office building owners in Texas face a wide range of risks—from severe weather to liability claims. This blog explores the average cost of office building insurance in Texas, what influences your premium, and how Wexford Insurance can help you find the right coverage at the best price.
Understanding the Cost of Office Building Insurance
The cost of insuring an office building in Texas typically ranges from $800 to over $5,000 per year, depending on the size, location, and risk profile of the property. For small to mid-sized buildings, the average annual premium is around $1,200 to $2,500, while larger or high-value buildings may see significantly higher rates.
According to Insureon, the median monthly premium for commercial property insurance is $67, or about $800 per year. However, this is a general estimate and may not reflect the unique risks associated with office buildings in Texas.
Key Factors That Influence Insurance Costs
Several variables affect how much you’ll pay for office building insurance in Texas:
Location: Properties in coastal cities like Houston, Corpus Christi, or Galveston are more prone to hurricanes and flooding, which can increase premiums. Inland cities like Dallas or Austin may have lower rates but still face risks like hail or tornadoes.
Building Size and Replacement Cost: Larger buildings or those with high-end finishes, elevators, or specialized HVAC systems will cost more to insure due to higher replacement values.
Construction Materials and Age: Newer buildings made with fire-resistant materials typically qualify for lower premiums. Older buildings may require upgrades to meet safety codes, which can increase costs.
Occupancy and Tenant Type: A fully leased building with professional tenants (e.g., law firms, accountants) may be considered lower risk than one with high-traffic businesses like clinics or call centers.
Security and Safety Features: Buildings with fire alarms, sprinkler systems, security cameras, and gated access may qualify for discounts.
Claims History: clean claims record can help reduce your premium, while a history of frequent claims may raise red flags for insurers.
Coverage Limits and Deductibles: Higher coverage limits and lower deductibles increase premiums, while higher deductibles can reduce them.
What Does Office Building Insurance Typically Cover?
Office building insurance policies in Texas generally include:
Protects the physical structure and contents from fire, theft, vandalism, and weather-related damage.
Covers legal costs and damages if someone is injured on your property or if you’re found liable for property damage.
Business Interruption Insurance:
Reimburses lost income if your building becomes unusable due to a covered event like a fire or storm.
Optional Add-ons:
Flood Insurance (especially important in Texas flood zones)
Equipment Breakdown Coverage
Tenant Improvements and Betterments Coverage
Why Choose Wexford Insurance?
At Wexford Insurance, we specialize in helping commercial property owners across Texas find tailored insurance solutions that fit their needs and budget. Whether you own a single office building or manage a portfolio of properties, our team understands the local risks and regulatory requirements that impact your coverage.
Final Thoughts
Protecting your office building in Texas starts with understanding your insurance needs and the factors that influence your premium. With the right coverage in place, you can focus on growing your business while staying protected from unexpected risks.
Contact Wexford Insurance today to get a customized quote and expert guidance tailored to your commercial property.
