Coverage B-Business Property Clause Samples
The Coverage B-Business Property clause defines the insurance protection provided for property owned or used by a business. This typically includes coverage for items such as office furniture, equipment, inventory, and sometimes improvements made to rented premises. The clause outlines what types of business property are insured, the locations covered, and any applicable limits or exclusions. Its core function is to ensure that a business can recover financially from losses or damage to its physical assets, thereby supporting business continuity and reducing the risk of significant financial setbacks due to property-related incidents.
Coverage B-Business Property. This policy covers your Business Property in the building described in the Declarations or in the open (or in a vehicle) within 100 feet of the described premises. This includes: