Commercial property insurance is designed to cover expenses resulting
from loss of/damage to a policyholder’s building and contents. “Contents”
is referred to as Business Personal Property a keyconsideration when deciding how much insurance coverage to purchase.
Some businesses give too little thought to or even underestimate the value
of their assets only to discover, once a loss occurs, that their company is
under-insured. Accurately valuing BPP may take some time and effort, but
the financial beneﬁts are well worth the task.
Create and maintain an inventory of items and their estimated value; review and update annually.
Take into account seasonal fluctuations in your inventory.Look into Inland Marine Coverage if you have items that leave your commercial space.
Exclude company-owned vehicles which are insured through a separate policy.
Consult with a licensed insurance agent about coverage options.
display racks and cases
equipment ﬁxtures/furniture/furnishings v merchandise and inventory v oﬃce supplies
papers, records, and receipts
machinery v signage v tools
personal protective equipment
any other movable, owned items
Speciﬁc items will vary based upon your business.