Property insurance is the cornerstone to all business insurance policies. This type of insurance compensates you if the property you use in your business is lost or damaged as the result of various types of common perils such as fire or theft. Property insurance covers not just buildings or structures but also personal property. Personal property can include office furnishings, inventory, raw materials, machinery, computers and other items vital to your business operations.

Property insurance can do more than just protect your physical assets. It may also provide operating funds during a period when you are trying to get the business back on track after a catastrophic loss such as fires, earthquakes, or hurricanes. Depending on the type of policy you have, property insurance may include coverage for equipment breakdown, removal of debris after a fire or other destructive event, some types of water damage and other losses.