What types of property insurance do businesses need?
Business property insurance is an important type of commercial business insurance, as it covers losses of any buildings owned or leased by a company, as well as the contents of those buildings (such as furniture, supplies, machinery, computers and other equipment, or records and valuable documents). In the event that a building or its contents are lost or damaged, the insurance company will pay the business for those losses. Most property insurance policies cover events like a fire or storm, but not damage caused by flood, earthquakes, or terrorism. Special coverage is available to cover those risks. Flood damage is especially important to consider if a property is located in a flood zone. Businesses can get more information about flood insurance, and special government programs, through The National Flood Insurance Program. Coverage for earthquake damage is excluded from most business property insurance quotes and policies. Businesses located in earthquake prone areas need a special i
