Property insurance protects a person or business with an interest in physical property against its loss or the loss of its income-producing abilities.  Property coverage has multiple parts including Building coverage, Business Personal Property and Loss of Income coverages:

• Business Personal Property:  Traditionally known as "contents," this term actually refers to furniture, fixtures, equipment, machinery, merchandise, materials, and all other personal property owned by the insured and used in the insured's business.
• Business Income Coverage:  An additional Property coverage for the actual loss of business income you sustain due to the necessary suspension of your operations following a direct physical loss or damage.
• Extra Expense Coverage:  An additional Property coverage for extra expenses that you would not have incurred if there had been no direct physical loss or damage to your property.