Types of Property Insurance Coverage for Businesses
Direct damage coverage is what typically comes to mind when a business owner thinks about property insurance. It covers the cost of repairing or replacing physical property that has been damaged or destroyed by a covered cause of loss.1 Most small businesses obtain direct damage coverage by purchasing a commercial property policy or business owners policy (BOP). Both cover loss or damage to property owned by the business such as buildings, production machinery, office furniture, and stock.
Original Article Source Credits: The Balance Small Business , https://www.thebalancesmb.com/
Article Written By: MARIANNE BONNER
Original Article Posted on: March 31, 2020
Link to Original Article: https://www.thebalancesmb.com/types-of-property-coverage-3866257