Skip to content

10 Essential Items Covered Under Business Personal Property

Picture of The Platinum Group
10 Essential Items Covered Under Business Personal Property
2:39

When running a business, protecting your assets is a crucial part of ensuring long-term success. Business Personal Property (BPP) coverage helps safeguard the physical items your company owns, leases, or uses in daily operations. Understanding what falls under BPP can help you make informed decisions about your insurance needs and avoid potential financial setbacks in case of damage or loss. Below, we break down ten essential items typically covered under Business Personal Property insurance.

Talk to a Commercial Insurance Expert

1. Furniture and Fixtures

  • Desks, chairs, tables, and shelving units.

  • Built-in counters and display cases (if not part of the building).

2. Equipment and Machinery

  • Computers, printers, and office equipment.

  • Manufacturing equipment, tools, and machinery.

3. Inventory

  • Goods held for sale.

  • Raw materials and work-in-progress items.

4. Supplies

  • Office supplies like paper, pens, and stationery.

  • Maintenance supplies such as cleaning products or spare parts.

5. Leased Property

  • Items the business rents or leases, such as copiers or specialized tools, if the business is contractually obligated to insure them.

6. Personal Property of Others

  • Customers’ or clients’ property in the business's care, custody, or control (e.g., dry cleaners or repair shops).

Talk to a Commercial Insurance Expert

7. Decorative Items

  • Artwork, plants, or other interior decorations that are not permanently attached to the building.

8. Portable Business Items

  • Mobile equipment, laptops, or tablets used for business purposes.

9. Stock or Merchandise

  • Clothing, food, or other items a retail store keeps on hand for sale.

10. Business Vehicles (If Not Insured Separately)

  • Commercial-use vehicles that are not covered under a separate auto insurance policy.

Conclusion

Business Personal Property insurance is essential for protecting the valuable assets that keep your operations running smoothly. To summarize the the coverage BPP offers imagine taking your building, turning it upside down, and shaking it—everything that falls out is typically covered. Ensuring your coverage aligns with your business’s needs can provide peace of mind and financial security in case of an unexpected event. Reviewing your policy regularly and working with an insurance professional can help keep your business properly protected.

Talk to a TPG Commercial Insurance Specialist today at 909.466.7876 for more information on BPP coverage and general liability.

Also, learn how to Protect Your Small Business From a Lawsuit and Prevent Theft and Vandalism in Your Business by visiting our blogs/resources page.

 
,