INSURE U – Get Smart About Insurance is a public education program created by the National Association of Insurance Commissioners (NAIC) to assist consumers with information about insurance issues. Below is a link to their summary of Business Property and Liability insurance.
Property insurance protects small business owners from losses due to damage to physical space or equipment and as a result of theft. For insurance purposes, a business’ property includes the physical building in which it resides, as well as its other assets. All of the following, owned or leased, can be considered business property
Article Source: www.insureuonline.org/smallbusiness/topic_bus_prop_liability.htm
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