For example, if a pipe bursts and damages your office computers and furniture, or if someone breaks in and steals your inventory, BPP insurance would help cover the losses. The coverage typically extends to items you've improved or installed in a leased space, like built-in shelving or custom lighting.

No, BPP insurance doesn't cover the building structure itself (that's commercial property insurance) or your employees' personal belongings. It's important to regularly update your coverage limits to reflect the current value of your business property, especially as you acquire new equipment or expand your inventory.