Business Property Insurance Missouri

Missouri business owners play a vital role in the state’s economy and quality of life, and they should be celebrated for their contributions.

As a Missouri business owner, it's important to protect your investment—and one of the best ways to do that is with business property insurance. But what exactly is business property insurance? And what does it cover?

What is Business Property Insurance?

Business property insurance is a type of insurance that helps protect your business in the event of damage to or loss of your business property. This can include things like buildings, equipment, inventory, and furniture. Business property insurance can also help protect against business interruption, which can occur when damage to your property prevents you from being able to conduct business as usual.

What Does Business Property Insurance Cover?

Business property insurance can help cover the cost of repairing or replacing damaged or destroyed business property, as well as any lost income if your business is forced to close due to damage to your property. This can include coverage for: 

• Buildings

• Equipment

• Inventory

• Furniture

• Fixtures

• Signs

• Machinery

• Computers

• Electronics

 Depending on the policy, business property insurance can also help cover the cost of a temporary relocation if your business needs to temporarily close due to damage to your property.

What Information is Required?

When it comes to business property insurance, there are a few key things you'll need to have to get a policy. First, you'll need to have a clear idea of the value of your property. This includes both the replacement cost - what it would cost to rebuild or replace your property - and the market value - what your property is currently worth.

You'll also need to have an up-to-date inventory of your property, including any valuable items or equipment. This will help determine the amount of coverage you need. Finally, you'll need to provide information about any previous claims on your property. By providing this information upfront, you can get an accurate quote and find the right policy for your business.

As a Missouri business owner, it's important to protect your investment—and one of the best ways to do that is with business property insurance. Coverage varies from policy to policy, so be sure to read yours carefully and talk to your insurer if you have any questions about what's covered.