Business Personal Property (BPP)

Business personal property (BPP) is the movable contents a business owns or is responsible for: inventory, furniture, fixtures, equipment, machinery, and supplies. It is one of the three core coverage categories on the standard ISO Building and Personal Property Coverage Form (CP 00 10), alongside the building (real property) and personal property of others in your care.

BPP is insured on a commercial property policy (or the property side of a BOP). Two choices drive the payout: your limit (which should reflect the full replacement cost of the contents) and your valuation basis — replacement cost vs. actual cash value (depreciated). Under-insuring BPP can trigger a coinsurance penalty at claim time.

BPP generally covers property at the described premises (and typically a short distance outside it). Stock in transit, at a job site, or at a second location usually needs inland marine or tools-and-equipment coverage instead — a common gap for contractors and auto-service shops with mobile equipment.