Topic

Property insurance

Business insurance glossary
Property insurance

Commercial property insurance is a form of insurance that protects the property owned by your business – your building, equipment, store fixtures, and more. It pays to replace or restore stolen items and items damaged or destroyed by fires, windstorms, and other events.

Business insurance glossary
Equipment breakdown coverage

Equipment breakdown coverage is a form of commercial insurance that provides funds to repair or replace damaged machinery or equipment that has suffered a mechanical or electrical failure.

Property insurance
What is commercial property insurance?
Commercial property insurance covers the cost of repairing or replacing damaged or lost business property. Compare free quotes online from top insurance companies today.
Property insurance
What does commercial property insurance cover?

Business property insurance can pay for repair or replacement of stolen, damaged, or destroyed business property.

Business insurance glossary
Business personal property

Business personal property (BPP) refers to movable items owned by your business. It includes office supplies, furniture, computers, machinery – basically everything except for the building itself.

Business insurance glossary
Open perils

Opens perils coverage refers to a type of property insurance that covers damage to your possessions from all causes except those your policy specifically excludes.

Business insurance glossary
Named perils

Named perils coverage is a type of commercial property insurance that only protects you against losses your policy specifically lists.

Property insurance
How much does commercial property insurance cost?

The size of your building, the value of your equipment, and other factors help determine the cost of property insurance.

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