Business Personal Property Insurance
Help protect the equipment, furniture, inventory, tools, electronics and other business property your company relies on every day.
Get a Business Insurance QuoteWhat Is Business Personal Property?
Business personal property refers to the movable property your business owns, leases or uses as part of its operations. Depending on the policy, this can include items such as equipment, furniture, inventory, computers, tools, supplies and other business contents.
Business personal property insurance can help protect eligible business contents against covered causes of loss. The coverage available to your business depends on the policy, limits, exclusions, deductibles and endorsements selected.
What Business Personal Property Can Include
Every business is different. Your business property coverage should reflect the equipment, inventory and contents that are important to keeping your operations running.
Equipment
Business equipment used in daily operations may include machinery, specialized equipment, computers, appliances and other eligible property.
Inventory
Businesses that maintain inventory may need coverage for eligible products, merchandise, materials or stock kept at the insured location.
Furniture & Fixtures
Desks, chairs, shelving, display fixtures and other eligible furnishings can represent a significant investment for a business.
Tools
Contractors and service businesses may rely on tools and equipment to perform their work and serve customers.
Computers & Electronics
Computers, monitors, point-of-sale equipment and other eligible electronics may be important to daily business operations.
Supplies & Business Contents
Depending on the policy, eligible supplies and other business contents may also be included within commercial property coverage.
Your Business Depends on More Than Its Building
A commercial building is only part of what makes a business operate. The equipment, inventory, furniture, tools and technology inside that building can represent a substantial investment.
A covered loss involving your business contents could disrupt normal operations and create costs associated with repairing or replacing eligible property.
Reviewing your business personal property values can help you determine whether your commercial property coverage reflects what your business actually owns and uses.
Business Property to Consider
- Computers and office technology
- Machinery and specialized equipment
- Furniture and fixtures
- Tools and equipment
- Inventory and merchandise
- Supplies and materials
- Point-of-sale equipment
- Other eligible business contents
Why Business Personal Property Coverage Matters
Business property can be vulnerable to many different types of loss. The causes of loss covered by a policy depend on the specific commercial property policy selected.
Fire
A covered fire could damage equipment, furniture, inventory and other business contents.
Theft
Certain commercial property policies may provide coverage for eligible business property stolen during a covered loss.
Storm Damage
Severe weather can damage business property. Coverage depends on the policy and applicable causes of loss, exclusions and endorsements.
Water Damage
Certain covered water-related losses may damage business contents, although many types of water damage can have specific exclusions or limitations.
Equipment Damage
Damage to important business equipment can interrupt operations and create significant replacement costs.
Other Covered Losses
Commercial property policies may address other covered causes of loss depending on the policy form and endorsements selected.
Business Personal Property Can Be Part of a BOP
A Business Owner’s Policy, or BOP, commonly combines commercial property insurance and general liability insurance for eligible small and medium-sized businesses.
The commercial property portion of a BOP may include coverage for eligible business personal property such as equipment, furniture, fixtures and inventory, subject to the policy’s terms and limits.
Businesses That May Need Business Personal Property Coverage
Business personal property coverage can be relevant to businesses across many industries. The appropriate coverage depends on your business operations, property values, location and individual insurance needs.
Retail Businesses
Retailers may have significant investments in inventory, shelving, displays, computers, point-of-sale equipment and other business contents.
Contractors
Contractors may rely on tools, equipment, materials and other property to perform their work.
Professional Offices
Offices may have computers, furniture, electronics, files, equipment and other business property.
Restaurants
Restaurants can have substantial investments in kitchen equipment, furniture, supplies, inventory and fixtures.
Service Businesses
Service companies may depend on equipment, tools, computers and other property to serve their customers.
Home-Based Businesses
Some home-based businesses may need commercial coverage beyond what a personal homeowners policy provides.
How Much Business Personal Property Coverage Do You Need?
There is no single business personal property limit that works for every company. The appropriate amount depends on the property your business owns or uses and the coverage available through the policy.
When reviewing your coverage, consider the cost to replace your eligible equipment, furniture, inventory, tools, electronics, supplies and other business contents.
Property Inventory Checklist
- Estimate equipment replacement costs
- Review current inventory values
- Include furniture and fixtures
- Account for computers and electronics
- Review tools and specialized equipment
- Consider seasonal inventory changes
- Review coverage limits periodically
Business Personal Property Insurance FAQs
What is business personal property insurance?
Business personal property insurance is commercial property coverage for eligible movable business property, such as equipment, furniture, inventory, tools, computers and other business contents.
What is considered business personal property?
Business personal property can include eligible equipment, furniture, fixtures, inventory, tools, computers, electronics, supplies and other contents used in business operations.
Does business personal property insurance cover inventory?
Inventory can be covered under eligible commercial property policies, subject to the policy’s coverage, limits, exclusions, deductibles and applicable endorsements.
Does business personal property insurance cover equipment?
Eligible business equipment may be covered under the commercial property portion of a policy. The exact coverage depends on the policy form, limits, exclusions and endorsements.
Is business personal property covered by a BOP?
Business personal property is commonly included within the commercial property portion of an eligible Business Owner’s Policy. Coverage and limits vary by insurance carrier and policy.
Does business personal property insurance cover the building?
Business personal property and commercial building coverage are separate property categories. Depending on the policy, commercial property insurance may cover both eligible buildings and business personal property.
How much does business personal property insurance cost?
The cost varies based on factors such as the type of business, property values, location, coverage limits, deductible, claims history, construction and insurance carrier.
Does business personal property insurance cover everything in my business?
No insurance policy covers every possible loss. Coverage depends on the specific policy, covered causes of loss, exclusions, limits, deductibles and endorsements.
Protect the Property Your Business Depends On
Let’s review your business equipment, inventory, furniture and other property and explore commercial insurance options that fit your business.
Get a Business Insurance QuoteInsurance coverage is subject to policy terms, conditions, limits, exclusions, deductibles, underwriting guidelines and applicable endorsements. Coverage availability and eligibility vary by insurance carrier and business circumstances.