General liability insurance is a basic policy that most business owners would agree is necessary to keeping a company safe and adequately protected. Typically, the standard general liability policy covers $1,000,000 per liability occurrence at $2,000,000 per policy. This is common knowledge in the business world, but do you have if you have BPP on your policy? Do you know what BPP is?

BPP is what is called Business Personal Property. Typically, BPP is covered under a business general liability policy. This coverage protects a business from things like fire, theft, and vandalism. Most business policies only cover employees, the physical structure of an office or building, commercial vehicles, etc. All of the things within a building of a business, such as tables, chairs, televisions, are not protected under standard policies. Having BPP coverage on your general liability policy will provide this protection. A good analogy to use is this: imagine you can pick up the building of your business and hang it upside down. All of those “loose” things that fall out are not covered under standard business policies, but rather a BPP.

Ensuring that you have a BPP on your general liability can save you a lot of money down the line. It’s important not to wait until something has already happened to look into this type of coverage. Replacing things like televisions, desks, chairs, etc. could add up to a lot more costs to your business than you may imagine.

Business owners in New Jersey should contact Eastern Insurors for a free quote and more information on general liability insurance. Visit our virtual insurance office (www.easterninsurors.com) today and call us toll free at 800.269.3203.