Business Property Insurance
Most businesses rely on physical property to operate—whether it’s computers, tools, inventory, or the workspace itself. Business property insurance helps protect those valuable items from unexpected events like fire, theft, or vandalism, so you can recover quickly and keep your operations moving forward.
Whether you own your building or lease a space, this coverage is a smart safety net for your equipment, furnishings, and other essential property.
What is business property insurance?
Business property insurance (sometimes called commercial property insurance) provides financial protection for the things your business owns—from laptops and signage to inventory, tools, and even fixtures you’ve installed in a rented space. If your business property is damaged or destroyed by a covered event, this policy helps cover repair or replacement costs.
If you own the building your business operates from, the structure itself can be included in the coverage.
When you combine business property insurance with general liability insurance, it becomes a Business Owner’s Policy (BOP)—a popular and cost-effective way to get broader protection in one streamlined package.
Who needs business property insurance?
You should consider this coverage if:
You own or lease office, retail, or workspace
You have furniture, computers, signage, or supplies
Your business uses tools, machinery, or specialty equipment
You store inventory or stock valuable goods
Even home-based businesses can benefit from this protection if their homeowners insurance doesn’t cover business property.
What does it cover?
A typical business property insurance policy may cover losses caused by:
Fire or lightning
Smoke damage
Theft or burglary
Vandalism
Water damage from burst pipes
Explosions
Policies can be customized to fit your business and location. Always review your individual policy for specific coverages, exclusions, and optional endorsements.