Back In Business: Business Personal Property (BPP)

Commercial property insurance is designed to cover expenses resulting from loss of/damage to a policyholder’s building and contents. “Contents” is referred to as Business Personal Property (or BPP) — a key consideration when deciding how much insurance coverage to purchase. Some businesses give too little thought to or even underestimate the value of their assets only to discover, once a loss occurs, that their company is under-insured. Accurately valuing BPP may take some time and effort, but the financial benefits are well worth the task.

CHECK LIST

computers

decorations

display racks and cases

equipment fixtures/furniture/furnishings

merchandise and inventory

office supplies

papers, records, and receipts

machinery

signage

tools

uniforms

personal protective equipment

any other movable, owned items

*Specific items will vary based upon your business.