Yes. Even if you rent your space, your landlord’s insurance usually does not cover your business-owned property. It helps protect the items you rely on to operate every day.
FAQ_category: (HIDDEN) Industry FAQs
This coverage can include equipment, furniture, inventory, electronics, and other movable business property. Coverage typically applies to items inside your business space and may extend to certain off-site property, depending on the policy
BPP helps protect the physical items your business owns, like furniture, equipment, tools, inventory, and supplies. It covers these items if they are damaged, destroyed, or stolen due to a covered loss.
D&O insurance can cover claims related to mismanagement, breach of fiduciary duty, or employment-related decisions. It generally does not cover intentional wrongdoing, fraud, or illegal acts, which are excluded from coverage.
The right amount of D&O coverage depends on your business size, industry, leadership structure, and risk exposure. Companies with investors, boards, or rapid growth often need higher limits to protect decision-makers from costly legal claims.