Property Insurance covers your business assets from a variety of situations. Your property can include buildings, equipment, furniture, fixtures, inventory, business records, supplies and other physical items.

Property lines also include “time element” insurance, such as lost income after a fire or similar event prevents you from operating your business. You need continued business income to keep your employees while you’re rebuilding and to pay ongoing fixed obligations, including rent or lease payments.

Property Insurance covers two types of property losses:

  • Direct losses may be covered when property is lost, stolen, damaged or destroyed
  • Indirect or consequential losses related to direct losses may also be covered