Property insurance protects the physical assets of a business from covered causes of loss (i.e. fire, vandalism, smoke, windstorm, lightning, etc). Physical assets of a business include buildings, personal property such as inventory and furniture & equipment as well as computers and cash.

There are numerous consequences that a business could incur if their property is damaged. These property loss consequences include:

• Reduction in value
• Extra cost to replace
• Cost of debris removal
• Business Interruption (loss of income)
• Extra cost to operate
• Loss of use value in betterments and improvements

You need to discuss all these potential coverages with your commercial lines agent.