Commercial Property policies may cover:
- If you own the space, you can select a policy that covers the physical location of your business in its entirety. If you are renting, you might look for a policy that only covers the contents of the space.
- Personal business property:This coverage provides protection for the furniture, inventory, supplies, and equipment owned by your business. Sometimes the property is covered even when it is somewhere other than your primary place of business. For example, if you take a laptop to an offsite meeting and damage it, Commercial Property Insurance can pay to repair or replace it.
Some policies limit coverage during certain events, such as a major workforce reduction, a merger or an acquisition. They also do not typically cover intentional or criminal acts.