Topic

Property insurance

Business insurance glossary

Property damage involves the harm, breaking, or impairment of something your business owns. This can include your work vehicles, business property, and items they contain—such as office equipment and merchandise.

Property insurance
Commercial property insurance pays to repair or replace stolen, lost, or damaged business property. It covers your business’s physical location and other assets like equipment.
Property insurance

Business personal property (BPP) insurance offers financial protection for the repair or replacement of your lost, damaged, or stolen business property. It covers things like computers, furniture, and inventories.

Business owner's policy

Small business owners who rent the property where their business is located should consider business renter's insurance. This term refers to several insurance policies that protect commercial renters.

Inland marine insurance

Installation floater insurance covers materials and other commercial property while they are being transported, stored, or installed at a job site or other temporary location.

Property insurance

Liability insurance and property insurance provide different forms of protection, and both types of coverage are necessary to protect a small business.

Contractor's equipment

Equipment floater insurance covers portable equipment and tools that are taken from one place to another, such as a worksite.

Property insurance

The size of your building, the value of your equipment, and other factors help determine the cost of property insurance (also called hazard insurance).

Property insurance

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

General liability insurance

Premises liability insurance covers the cost of third-party injuries and damage claims related to your work, such as accidents that happen at your business or at a customer’s property.

Fidelity bonds

Employee dishonesty coverage insures business owners or their clients against employee theft.

Business insurance glossary

The replacement value is how much it would cost to buy a brand-new replacement for a destroyed or stolen item.

Business insurance glossary

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

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

The actual cash value (ACV) is the current value of an insured item.

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