Types of Property Insurance Coverage for Businesses

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Blog by Northside Law Center, LLC

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.

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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

 



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