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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
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.

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.

Property insurance
What is commercial property insurance?
Insureon helps businesses compare quotes from top U.S. carriers for commercial property insurance and other small business insurance with an easy online application.
Business insurance glossary
Replacement value

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

Business insurance glossary
Equipment breakdown coverage

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

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.

Business insurance glossary
Appraisal

An appraisal is a structured process in which a trained professional determines the value of an asset to facilitate a financial transaction for business or personal purposes.

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