Business property insurance policies, also known as commercial property insurance, protects your property, as well as inventory or assets, against loss or damage caused by theft, an accident or some other means. Your business property insurance protects you even if the property is away from your place of business when it is damaged or lost. The policy covers your costs to replace or repair the property and, in some instances, compensates you for items that cannot be replaced.
Whether you own your building, lease your workspace or work at home, we will protect your business' physical assets.
Property insurance typically provides coverage, up to the limits you select, for specified items and situations, including:
- A fire could destroy your building and the contents inside
- A burst water pipe could damage your documents, drawings or other valuable papers
- A storm could damage your outdoor sign