Business Property Insurance
Your business is built on more than just ideas — it’s built on physical assets like equipment, inventory, and property. Business property insurance protects these vital assets from unexpected events like theft, fire, vandalism, or weather-related damage. Whether you own or lease your space, this coverage is a must for protecting your company’s future.
What Does Business Property Insurance Cover?
Most policies can be customized to fit your business needs and may include protection for:
- Buildings and physical structures
- Fixtures (lighting, flooring, etc.)
- Office furniture and electronics
- Machinery, tools, and specialized equipment
- Computers and data systems
- Inventory and stock
In addition, many policies offer
business interruption coverage, which helps replace lost income and covers the cost of operating from a temporary location if your property is damaged by a covered loss.
All-Risk vs. Named-Peril Coverage
We typically recommend choosing an all-risk policy, which provides broader protection by covering most types of losses — except for a few listed exclusions. In contrast, a named-peril policy only covers events that are specifically listed in your policy, leaving more room for uncovered situations.
Benefits of an All-Risk Business Property Policy:
- Reduces the need for multiple overlapping policies
- Eliminates coverage gaps
- Simplifies claims with one point of contact
- Speeds up settlement time
- Helps reduce long-term insurance costs
Additional Protection Based on Location or Risk
Depending on where your business is located or your specific exposures, you may want to add extra coverage for:
- Fire or flood
- Earthquakes or hail
- Windstorms or hurricanes
- Vandalism or theft
- Cyber events or data loss
- Employee fraud or dishonesty
These protections can be added as policy riders to enhance your coverage. For small businesses, bundling property coverage into a Business Owner’s Policy (BOP) or a multiple-peril plan may offer better value and comprehensive protection.
At Rowell Insurance Services, we’ll help you design a property insurance plan that works for your space, your assets, and your risks — all while keeping your coverage cost-effective and clear.
