property insurance

property insurance definition - business

property insurance

Insurance coverage that protects property against physical damage or loss from fire, theft, and other means. Business owners may want expanded coverage for data, paper, and records kept at the place of business. See also homeowner's insurance.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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