Your business requires personal property and contents insurance to provide coverage for furniture, fixtures, merchandise, materials, and all other personal property owned by you and used in your business. You may insure those items for replacement cost or for actual cash value (ACV). (Actual cash value only covers and pays for the depreciated value of the property.)
Property & Contents Coverage for Hospitality Businesses
For hospitality companies and owners, property buildings' contents and tenant improvements coverage is available. This insurance will pay for direct physical loss or damage of unattached physical items such as tables, chairs, inventory, and other components located at the insured's premises. This insurance goes into effect when the cause is due to or results from any covered loss, such as fire, windstorm, or theft.
Another available coverage, property & tenant improvement insurance, will pay for direct physical loss or damage to attached physical property which was originally paid for by the tenant (and which was covered by this type of insurance).
To request a free quote, simply fill out the form on the right. You can also call us at 732-380-0900.