Physical assets, for a company that mostly has none.
Property coverage for office contents, leasehold improvements, distributed laptops, and the business income you lose after a physical loss.
- The question it answers
- “What covers our hardware and office?”
- Typical limit
- Scheduled by locationat Hardware or lab operations
- Usually bought with
- General LiabilityCyberCrime
What Property / BOP actually does
Commercial property covers the physical things your business owns or is responsible for: office furniture, servers, leasehold improvements you paid for, and — with the right endorsement — the laptops and monitors distributed to employees who work from home.
For most technology companies it is bought as a Business Owner's Policy, which packages property with general liability and business income at a lower combined cost. Business income is the underappreciated part: it replaces revenue and continuing expenses when a covered physical loss makes you unable to operate.
Two gaps matter for distributed companies. First, standard forms limit coverage for property away from a scheduled location — remote employee equipment needs an off-premises endorsement or a scheduled equipment floater. Second, cyber-caused loss of income is not property coverage; that sits under your cyber policy.
Buy it when
- You signed a lease requiring property coverage
- You completed a build-out
- You shipped laptops to a distributed team
- You bought lab, test, or demo equipment
What it covers
Grants vary by carrier and form. These are the components we look for when we place it.
Business personal property
Furniture, computers, servers, and equipment at your scheduled locations.
Leasehold improvements
Build-out you paid for in leased space, which the landlord's policy will not cover on your behalf.
Property in transit and off-premises
Equipment with remote employees or in transit, subject to endorsement and sublimits.
Business income and extra expense
Lost revenue and the cost of temporary operations after a covered physical loss.
Equipment breakdown
Mechanical and electrical failure of building systems and equipment, including power surge damage.
What it doesn't cover
We put this in front of you at binding — the only moment you can still do something about it.
- Flood and earthquake, unless specifically added
- Wear, tear, and mechanical breakdown absent an equipment breakdown endorsement
- Data and software as property, which is addressed by cyber
- Employee-owned personal devices
- Income loss from a cyber event, which is a cyber policy trigger
Three ways this policy earns its premium
Composite scenarios drawn from how these losses typically develop. Illustrative, not case files.
A pipe bursts above the office
Water damages workstations and new build-out over a weekend. Property pays for contents and improvements; business income covers the two weeks of disruption.
A laptop shipment is stolen in transit
Thirty machines destined for new hires disappear. An off-premises and in-transit endorsement is what makes this recoverable.
What limit is normal
Ranges we commonly see for technology companies. Your contracts and exposure decide the answer — this is where the conversation starts, not where it ends.
| Stage | Typical | |
|---|---|---|
| Remote-first, no office | $50k – $250k | Scheduled equipment and off-premises coverage, usually inside a BOP. |
| With office space | Replacement cost of contents + improvements | Value the build-out properly; it is the most commonly under-insured item. |
| Hardware or lab operations | Scheduled by location | Test equipment and inventory usually need to be scheduled specifically. |
Companies that need this
- Companies with any leased office or lab space
- Companies that have invested in build-out
- Companies with meaningful distributed hardware
- Companies with hardware, robotics, or device components
What we need to quote
- Locations, square footage, and construction
- Value of contents and leasehold improvements
- Value of equipment held by remote employees
- Lease insurance requirements
- Prior property loss history
Most of this is collected once in the Atlas submission and reused across the markets we approach.
Start a submissionSituations that put this policy on your desk
Property / BOP, answered
Only with an off-premises or scheduled equipment endorsement. It's inexpensive and routinely omitted.
Often a small policy still makes sense for distributed hardware, and a BOP is usually the cheapest way to get the general liability your contracts require anyway.
Find out what property / bop costs for your company.
Tell us about the business once. A broker reviews it the same business day and comes back with a plan and a timeline.