If you’re a small business owner with a brick-and-mortar shop, restaurant, studio or office that you own or work out of, BPP is essential coverage for all your inventory, equipment, upgrades and furniture.
Here are some examples of how business personal property works with different businesses:
Retail
Sam owns a clothing store. The sprinklers fail at the commercial space he rents and destroy all of his new inventory. BPP would help cover the replacement costs of his inventory and the repair costs of ruined furniture, computers and light fixtures.
Restaurants
Sophia owns a restaurant. An electrical outage in the neighborhood shuts off her freezers and refrigerated storage, ruining all of her food inventory. Luckily, her BPP insurance includes spoilage coverage for restaurants.
Photo studios
Joe owns a photo studio. A fire destroys all of his negatives, cameras and frames, including the artwork he has for sale. BPP helps Joe pay to replace his photographs, inventory and equipment.
Beauty salons
Lisa owns a hair salon. The building is broken into and all the chairs, sinks and mirrors are vandalized. Lisa’s BPP coverage helps her replace these items so she can keep her business open.
Cleaning services
Frank owns a janitorial business. The building’s water main burst overnight, flooding his storage unit and rusting several floor scrubbers. BPP helps pay to clean the unit and replace the ruined machines.
