Get two-in-one coverage for your business and equipment with Berxi general liability (GL) insurance plus BPP coverage.
Business personal property insurance protects assets located in the workspace that you own or rent, including equipment, computers, furnishings, inventory, and more. Your BPP insurance can cover the cost of replacing these items if they’re damaged or stolen.
BPP coverage can be added to any Berxi general liability insurance policy as an optional endorsement, so you can get two-in-one protection for your business and your equipment.
If the assets in your workspace are damaged or stolen, your business personal property insurance can pay to replace them. The assets covered by BPP insurance include:
Tools, machinery, and other items located in your place of business.
Monitors, computers, printers, and other devices in your workspace.
Desks, tables, chairs, artwork, and other furniture items at your business.
Lighting, built-in filing cabinets, and shelving in your workspace.
Stationary and other business supplies that aren’t for resale.
Stock, goods, and other merchandise stored in your workspace.
Business personal property insurance is essential for small businesses that operate a workspace that they lease or own, such as a workshop, office, fitness and wellness studio, lab, storefront, or garage.
For instance, if you operate a gym or Pilates studio with exercise equipment, you’ll want BPP coverage in case the equipment is damaged. Or if you own a lawncare business, you’ll need BPP insurance to protect your lawnmowers and other landscaping equipment. Basically, any business with tools, equipment, inventory, and computers may benefit from BPP coverage.
If your business has physical equipment, tools, inventory, or other assets, business personal property insurance can help protect your investment.
BPP insurance can be easily added to any Berxi general liability (GL) insurance policy. It is not sold as a stand-alone policy, but as an optional add-on endorsement for Berxi GL policies.
The price of BPP insurance depends on the cost of replacing the assets you want to protect. In general, the annual premium for BPP coverage comes out to roughly 3% of that replacement cost, starting at around $220/year.
Business personal property coverage can be added to any Berxi general liability insurance policy during our quick online quoting process. Here’s how to do it:
1. Get a quote for general liability insurance (it only takes a couple of minutes).
2. Select “Yes” when asked “Do you have any business property or equipment that you’d like to insure?”
3. Choose the estimated total cost to replace your business’s property from the dropdown menu.
4. Then just complete the quote and purchase your policy.
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We’re working to create a simpler, faster, and more affordable insurance experience for our customers, and we think we’re the right choice for businesses like yours. Here are a few things that set us apart from other insurance companies.
With a financial strength rating of A++ by AM Best, we have the stability and expertise to protect your business long-term.
It only takes a few clicks to add our comprehensive BPP protection to your GL policy — just select the BPP option while getting a quote.
When you call our support line, you’ll reach a real-life human being who’ll work hard to answer all of your questions.
Berxi never has any deductibles, interest fees, or membership fees. In fact, people who choose Berxi save an average of 15%.
“Berxi was recommended to me by a friend at another company, and now it seems that everyone where I work has them too! The quoting process was easy… and the price is better than anywhere I’ve found.”
– Jeremy B.
“Berxi is hands down the most accessible and helpful insurance company I have ever worked with.”
– Shannon
“I am setting up a new business, and Berxi made the insurance process completely seamless. This was truly a huge relief and something I could check off my to do list immediately.”
– Tara
GL insurance protects your business from third-party claims of bodily injury, property damage, and personal or reputational injury. You can add BPP to your Berxi GL policy.
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E&O insurance protects businesses and professionals if a client claims financial harm from a work-related mistake, negligence, or oversight.
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Cyber insurance helps cover costs from attacks like ransomware, data breaches, and related lawsuits. It can be added to your GL policy.
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Workers’ compensation insurance covers employee injuries from workplace accidents. It can be added to your Berxi GL policy.
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General liability insurance coverage is a crucial way to help protect small businesses from risk. Here’s what it covers, what it doesn’t, and how it can help your business.
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Both general liability and errors and omissions insurance policies help protect small businesses, but they cover different risks. Find out which is right for your business.
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Several types of liability insurance are available to help protect businesses, professionals, and contractors. So what do they cover, and which do you need?
learn moreBPP stands for business personal property insurance, which protects your business’s assets, including equipment, tools, computers, furnishings, inventory, and more from damage and theft. If these assets are damaged or stolen, your BPP coverage can pay to replace them.
The amount of BPP coverage you need depends on the value of the business property you want to protect. Luckily, we make it easy to determine how much coverage you need: you simply tell us the estimated value to replace your business property, and we’ll figure out the amount of coverage that’s right for you.
No, business personal property insurance isn’t the same as commercial property insurance. Commercial property insurance is a broader policy that covers a building that your business owns and its contents, while business personal property insurance is the specific coverage that protects the assets inside your workspace, such as furniture, inventory, and equipment. For this reason, BPP coverage is often a better option for businesses that lease or rent their workspace.
No, standard homeowners insurance offers very limited or no coverage for business equipment. If your homeowners policy does cover business equipment, it typically caps the coverage at around $2,500. In fact, a standard homeowners policy can even be voided by business activity. To protect the business equipment in your home, you need business coverage, such as business personal property insurance. Homeowners insurance protects your home, not your business assets, which require dedicated commercial coverage like BPP insurance.
Business personal property insurance is available as an endorsement to Berxi’s general liability insurance policies. An endorsement is essentially an optional add-on to your general liability policy that gives you additional coverage — in this case, BPP coverage. When you choose to add BPP coverage to your general liability insurance policy, you get coverage for your business assets, such as tools, computers, equipment, machinery, furniture, office supplies, and more. If these assets are damaged or stolen, your BPP policy can help replace them.
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