Property insurance covers damage to the physical assets of a business, including buildings, equipment, inventory, and furnishings, caused by perils such as fire, theft, vandalism, or natural disasters. It helps professionals recover financially from property damage and replace or repair damaged assets. This type of policy can also include insurance to protect company motor vehicles/fleets and or business interruption insurance to compensate the business for lost income and extra expenses incurred because of a covered event such as fire or natural disaster that disrupts business operations.
