small business building panorama viewProperty insurance covers everything related to the loss and damage of company property due to a wide-variety of events such as:

  • Fire
  • Smoke
  • Wind
  • Hail Storms
  • Civil Disobedience
  • Vandalism

The definition of “property” is broad and includes:

  • Lost Income
  • Business Interruption
  • Buildings
  • Computers
  • Company Papers and Money

Property insurance policies come in two basic forms: (1) all-risk policies covering a wide-range of incidents and perils except those noted in the policy; (2) peril-specific policies that cover losses from only those perils listed in the policy. Examples of peril-specific policies include fire, flood, crime, and business interruption insurance. All-risk policies generally cover risks faced by the average small business, while peril-specific policies are usually purchased when there is high risk of peril in a certain area.