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.

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

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

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.

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

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

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