In the event of a catastrophe, vandalism, and other unforeseen scenarios, commercial property insurance will reimburse you for your losses on things like the building in which your business operates, equipment and machinery, computers, furniture, etc. Basically, any valuable items essential to running your business.
Property Insurance may cover two types of property losses:
Direct losses: These may be recovered if property is lost, stolen, damaged or destroyed.
Indirect or consequential losses: This includes, for instance, loss of business earnings, etc.
