What is Business Property Insurance?
Business Property Insurance can protect your building, inventory, signs, furniture, equipment and landscaping and other property directly related to your business from a covered loss. Some losses can include fire, theft vandalism, storm damage and water damage.
Why do I need Business Property Insurance?
Business need to have this coverage to protect tangible investment from the merchandise to tools that make your business run. This can also cover other costs that can come with a loss like equipment breakdown and the cost of removing debris. For instance, if you are a clothing store owner and you have a fire that is a covered loss, you would lose all of your merchandise, displays, registers, and your business income. If you did not have this coverage, you would be responsible for covering all of the loss on your own.