Property insurance can cover the buildings that you own and/or business property and inventory against physical loss or damage. If you don’t own your building, you’ll still need contents coverage. In the most policies, property insurance for business contents covers furniture, fixtures, inventory, office equipment and other supplies stored at your facility or off-premises. You may insure those items for replacement cost or for actual cash value (ACV), which pays only for the depreciated value of the property.
