This type of business insurance, also known as commercial property insurance or business personal property insurance (BPP), helps protect the owned or rented equipment, building and personal property at your company. This coverage can help cover the costs to repair or replace: Personal property located at your business.

What is Business Personal Property? Business personal property (BPP) insurance covers the equipment, furniture, fixtures and inventory that you own, use or rent inside your workspace. Basically, it covers almost everything except the building itself.

Though personal auto insurance typically doesn't cover business vehicles, commercial auto insurance can cover you for both commercial and personal use.

Commercial property insurance protects your company's physical assets from fire, explosions, burst pipes, storms, theft and vandalism. Earthquakes and floods typically aren't covered by commercial property insurance, unless those perils are added to the policy.

Business personal property insurance covers your real property, known as tangible assets, but not your intangible assets. Your tangible assets are items you can physically see or touch, such as a desk or computer. For these assets, their value is easily defined and can be covered by a business personal property policy.

Commercial General Liability (CGL) is the standard commercial liability policy used to insure businesses. There are three primary coverage sections that make up a CGL policy: premises liability, products liability and completed operations.

Most good personal auto policies from good companies cover personal or business use unless you misrepresented your business use to the extent that it voids the policy. Business use is usually more an issue of rating than coverage. HOWEVER, there are some awful auto policies in the marketplace.

Property-casualty insurance includes two major categories: commercial lines and personal lines. Commercial lines include insurance products designed for businesses. Risks and hazards covered under commercial lines include malpractice insurance, professional liability, and builder's risk.

Personal insurance, like health, home or auto insurance, covers individuals and their personal assets. It protects against personal risks, such as accidents, theft, or damage to one's body, home, property or car. Business insurance, on the other hand, is all about safeguarding a business and its assets.

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A general liability policy protects Philadelphia businesses from lawsuits related to customer accidents, defamation, and copyright infringement. At McCollum Insurance Agency, we can design a specialized business insurance package according to your property, liability, and casualty needs.Fill out our free online application. At The DeFinis Agency, we can design a specialized package according to your property, liability, and casualty needs. Philadelphia Insurance Companies offers a wide variety of commercial, professional, specialty, and niche insurance products across the United States. We are dedicated to providing insurance solutions tailored to meet the requirements for small businesses all across the United States. Property insurance benefits tailored for your business – whether you lease office space, work from home, or own and operate buildings used for offices. Serving clients in Philadelphia, PA, and across PA and NJ. Trusted Choice agency-Reading, Philadelphia, Allentown, Berks County. Get covered in minutes for the most competitive rates.

Personal Property Insurance For Business In Philadelphia

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