There are two basic types of property coverage:
You may also choose to add business interruption insurance to your property and casualty policy. This type of insurance covers you in case your business cannot operate and loses income as the result of a fire, natural disaster, crime, or other event. The payout from this kind of insurance can help keep business income flowing and cover your expenses until you repair damage and get your company up and running again.
Tip: If your business is home-based, don't assume you don't need business insurance. In most cases, basic homeowner's polices don't cover your business liability. You may be able to add a rider to your homeowner's policy that covers your business, or you may consider purchasing separate business insurance.