Business Personal Property (BPP) covers the contents in a location. A simple way to define contents are anything that are movable. Typically, they are furniture, equipment, machinery, merchandise, any other personal property owned by the insured and used in the insured’s business location.
BPP insurance coverage can be mandated by the landlord’s lease contract in language similar to what is listed below:
Property Insurance covering (i) all office furniture, trade fixtures, office equipment, free-standing cabinet work, movable partitions, merchandise and all other items of Tenant’s property in the Premises installed by, for, or at the expense of Tenant.