If a fire, theft or vandalism occurs in your business facilities, your business property insurance pays to repair or replace the damaged or stolen property. Typically, this coverage will pay to repair or replace the equipment, stock, furniture, buildings or fixtures that your company owns -- up to your policy's limits. Many policies also include:

Equipment Breakdown Coverage. This coverage pays to repair or replace your equipment in case of breakdowns caused by losses like power surges, mechanical malfunctions, and boiler explosions.
Business Income Coverage. If your business property incurs a covered loss that results in suspension of operations, this coverage will reimburse you for actual loss of income over a specified time period. It can also reimburse you for extra expenses incurred to restore your business operations -- such as renting equipment or another office space.
Property Off-Premises Coverage. Many policies extend protection to your business property while it is away from your principal business site.

Property of Others. Coverage often extends to the property of others for which you would be held legally liable. That means that if you accidentally damage someone else's property while it is in your care, your insurance policy would pay for damages.