what is property insurance for business
Business property insurance coverage is typically packaged with additional coverages for property issued to you by a client that is temporarily in your custody and Business Interruption Insurance that pays for loss of earnings when operations are curtailed or suspended because of a covered property loss.Some coverages may not be available on all policies or in all states). 1  Business Income. 2  Reimburses you for your actual loss of earnings for up to 12 months resulting from a covered loss to your property.
Companies frequently purchase commercial property insurance as a part of a Business Ownerâs Policy, which offers a way for low-risk companies to purchase two of the most valuable types of insurance-business property insurance and commercial general liability insurance â in a single, affordable package.f you donât own the building where you do business, you'll only need to cover the buildingâs contents. The basic commercial property insurance policy protects your investment in fixtures, furniture, office equipment, inventory and the supplies that you store either at your business location or off-site.