Final answer:
Business Personal Property (BPP) coverage typically includes business equipment and machinery, inventory, and furniture and fixtures, protecting against risks like fire, theft, and vandalism.
Step-by-step explanation:
The Business Personal Property (BPP) coverage, if shown in the declarations of a commercial insurance policy, typically covers three main types of property:
- Business Equipment and Machinery - This includes any equipment or machines used in the daily operations of the business, such as computers, printers, and manufacturing equipment.
- Inventory - Goods that are held for sale or raw materials that are used to produce products fall under BPP coverage.
- Furniture and Fixtures - Office furnishings, shelving, and other permanent installations are also covered by BPP.
BPP coverage extends to property that is owned by the business and usually covers losses due to risks like fire, theft, and vandalism, within the limits and conditions of the policy.