This type of coverage will pay for direct physical loss or damage to Covered Property at the premises, that was caused by or resulted from an event covered in the policy. This can help provide restitution in the event that your building or any personal property is damaged due to unforeseen circumstances. It can cover building repairs and provide materials if your office or greenhouse is irreparably harmed, and allow you to quickly and easily fix your property and operations and continue with your business.
Building Coverage is a must have for most businesses, as nearly all will require a physical location for at least an office headquarters, and oftentimes also a retail location or storage facility. This insurance also will cover damage to your business-owned property, eg desks, chairs, etc., in case there is a malfunction or harm done to any property. Having this type of coverage will provide you with peace of mind regarding your business assets, and will allow you to continue to operate your business without having to worry about losing your workspace.