Business Personal Property insurance

Business personal property insurance (also called BPP insurance) is a part of commercial property insurance. It can help cover the equipment, supplies, furniture, fixtures and inventory that you own, use or rent inside your workspace.

This type of business insurance can cover many items in your physical business space except for the building itself.

Business personal property insurance cannot be purchased as a standalone policy.

BPP insurance can cover these common types of business property:

• Business tools, equipment and supplies. This includes the physical items you need to run your business, such as tools, computers, monitors, printers, POS devices or industry-specific items for your business.

• Inventory. The goods, merchandise or supplies you sell, such as clothing, books, jewelry or food.

• Business furniture. The furnishings or decorations you use for your business, including chairs, tables, desks, lamps and artwork.

• Upgrades and fixtures to your business premises. The improvements you made to your space, such as custom lighting, built-in cabinets or other permanent renovations can also be covered by a BPP policy.

Business property insurance for business owners could provide financial help if:

• A water pipe that bursts and floods your workspace.**

• Vandals tag, break or destroy the business fixtures you need to work.

• A fire destroys your supplies and essential business tools.

• An employee accidentally damages business equipment.

• A power outage causes an equipment failure that spoils the contents of a refrigerator or freezer.

Business personal property insurance coverage could help to repair or replace your business property if it’s damaged by a covered event up to the limits of your policy.

Many different types of businesses can benefit from commercial property insurance with BPP coverage. For example:

Retail shops

If the sprinklers fail inside a clothing boutique and destroy all of its inventory, BPP insurance could help cover the replacement costs of this inventory and the repair costs of soaked furniture, computers and light fixtures.

Restaurants and food services

Business personal property insurance could help cover replacement costs if an electrical outage malfunctions freezers and refrigerated storage and spoiled food inventory has to be replaced.

Cleaning and janitorial services

An accidental building fire destroys all the floor polishing equipment, mops, brooms and a year’s worth of cleaning supplies. The cost of cleaning out the ruined inventory and replacement tools and supplies could be covered.

Salons and beauty services

A vandal breaks into the building and slashes the salon chairs and smashes porcelain sinks and mirrors. BPP insurance coverage could help to replace and install these business essentials to get the business up and running again quickly.

BPP insurance coverage at NEXT is a part of commercial property insurance coverage. It can start at just $18 a month for low-risk businesses.^†

The exact price your business would pay for commercial property insurance can depend on several factors, including:

• The type and size of your business.

• How much equipment and inventory you have.

• How much coverage you want.

• Your insurance history.

• The state where you work.

If you bundle your commercial property insurance coverage with an additional policy, such as workers’ compensation insurance to cover work-related injuries or illnesses for your employees, you could save up to 10%.

The best way to see exactly what you’ll pay is to get a free insurance quote online. It’s no obligation, and it takes about 10 minutes to see your exact price.

Start a free quote with NEXT today.

Yes. Business income insurance coverage, also called business interruption insurance, can help cover lost income if a business is forced to close due to an unexpected covered event, such as a fire or vandalism.

This coverage is also a part of NEXT's commercial property insurance.

Yes. Though the names and acronyms may be similar, these are two different types of business insurance policies.

Business personal property insurance (BPP insurance) can help cover the contents of your business space — equipment, inventory, furniture and upgrades you made to the space. It’s a part of commercial property insurance.

If you own or rent the building you use to house your business, BPP insurance is a solid choice to help protect the business property inside.

A Business Owner’s Policy (BOP insurance) is a single policy that combines both commercial property insurance (with BPP coverage) and general liability insurance coverage. The cost for BOP insurance is often less expensive than buying both policies on their own.

You can buy business personal property coverage as part of NEXT’s commercial property insurance.

Start an instant quote to see options and get an exact cost customized for your business. You can buy your policy 100% online and get your certificate of insurance (proof of insurance) in about 10 minutes.

If you have questions, our licensed, U.S.-based insurance professionals are available to help.

Start a free quote with NEXT today.