Business Property
Insurance

Laptops. Desks. Chairs.

Or if you’re in a coworking space: just laptops.

Even if your computers are the only physical property your business owns, they’re worth protecting with Business Property ("BP") insurance. Here’s a look at how this policy can ensure that, if something happens to the engines that run your empire, your startup’s operations won’t be affected.

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General Liability

Whether you’re working on your first startup or your fifth, General Liability insurance is likely the first policy you’ve seriously considered buying. That’s because General Liability is often required by landlords, partners, and clients, all of whom you’ll likely encounter early in your startup experience.

This coverage can offer important baseline protection, protecting your business assets when visitors get injured on your property or by your product, when a third party accuses you of libel or slander, or when a lawsuit results from these types of third-party damages.

General Liability

Who

Which startups need Business Property insurance?
STAGE or MILESTONE
All stages, all industries
Pretty much every startup has some business property (again: laptops), which means everyone can benefit from this coverage.

Because most startups have very little business property compared to larger companies, it’s common to bundle BP coverage with General Liability into a Business Owner’s Policy (“BOP”).

In fact, at Vouch, we only sell startups BP coverage as part of a BOP bundle, because it’s so rare that a startup has enough property to justify a standalone policy.

Ready for some peace of mind? 
Apply for Vouch's Business Property coverage today

When

When should startups get Business Property insurance?

Whenever a loss of your company property would cause a disruption to your business.

Here’s the thing: laptops are expensive. The last thing you want is for a couple of company laptops to be swiped the week you’re scheduled to present to potential investors – and be worried that you won’t be able to replace them in time.

With Vouch’s Business Property coverage, you can replace your machine that day and be reimbursed shortly thereafter.

Want peace of mind that your business property is safe? Apply for Business Property coverage today.


Why

Why should startups get Business Property insurance?
THE LOGIC

No other insurance coverage protects your startup’s property. For example:

COMMON REASONS
  • If you’re operating from a home office, your homeowner’s or renter’s policy doesn’t cover it.

  • If you're in a coworking space, the coworking company’s insurance doesn’t cover it.

  • If you’re renting your own office space, the landlord’s insurance doesn’t cover it.

If you want to receive funds to replace or repair business equipment that gets damaged, you’ve got to have BP coverage.

If you want to work with a company that makes insurance founder-friendly, get your policy through Vouch.



What

What does Business Property insurance cover?
COMMONLY DOES COVER

Business Property insurance can cover the cost of repairing or replacing business property owned by your startup when it’s damaged by “covered events.” In a typical Business Property policy, covered events include but are not limited to…

  • Fire and smoke

  • Lightning strikes

  • Theft

  • Vandalism

  • Water damage originating indoors (burst pipes, sprinklers, etc.)

  • Explosion

But we always recommend checking your policy to confirm what it covers and excludes.

CLAIM EXAMPLE
Someone at your coworking space burns microwave popcorn while you're working in a common area. The sprinklers go off everywhere, and several laptops get wet and stop working. You file a Business Property claim and receive enough money to replace your machines.
COMMONLY DOESN'T COVER

Your BP policy won’t cover damage caused by events that aren’t covered. Usually, that means floods, earthquakes, sinkholes, mudslides, wars, nuclear damage, and failure at a utility company.

Another important note: normal wear and tear isn’t covered by BP insurance. You’re responsible for keeping your business property in good working order and replacing it when it wears out.

Oh, and if you rent a car, that’s not considered business property and therefore won't be covered by this insurance. Instead, look for a Hired and Non-Owned Auto policy.


Ready for some peace of mind? Get your policy by tomorrow.

Why Vouch?

Why get Business Property coverage through Vouch Insurance?
VOUCH INSURANCE

Vouch is a company built by founders for founders, which means our coverage and service are designed to work with the realities of running a startup.

For example, we once spoke with a client who had to go through six months of back-and-forth with their old insurance company to get their $3,000 laptop replaced.

With Vouch’s BP coverage, you can replace crucial property quickly.

Vouch makes insurance startup-friendly. You can complete our application in just 10 minutes and usually get covered within 24 hours. We don’t ask you to print and scan a bunch of docs – it’s all online, just like everything else you buy.

Sound good? Apply today.

Questions?
Other Insurance Needs?

We mentioned earlier that we only sell Business Property as a BOP bundle with General Liability insurance. But most startups have risks that the BOP doesn’t cover.

We’re happy to answer any questions you have about your insurance needs. Get in touch at hello@vouch.us or 415-488-6728.



Our other policies
General Liability

Baseline coverage that's often required by landlords, partners, and clients.

Cyber Coverage

For hacking- and data breach-related losses.

Directors & Officers (D&O)

Protects C-suite officers and board members if they’re sued over decisions they made on the startup’s behalf.

Errors & Omissions (E&O)

for lawsuits alleging your professional work caused a financial loss.

Crime Coverage

In the event that an employee commits theft, embezzlement, or related crimes.

Employee Practices Liability (EPL)

For employee lawsuits alleging discrimination or other wrongful treatment.

Fiduciary Coverage

For lawsuits alleging a breach of your fiduciary duty.

Hired & Non-Owned Auto

For when an employee drives their own car for something work-related, and an accident happens.

Questions about our coverages?

Reach out to pros@vouch.us to connect with a licensed insurance pro, call us at (415) 488-6728 during regular business hours, or chat with us in the lower right hand corner of your screen.

© 2020 Vouch, Inc. All Rights Reserved.
Insurance services provided by Vouch Insurance Services, LLC.  Descriptions are general in nature only. Please refer to the terms and conditions of any policies offered or purchased. Insurance products offered are subject to application and underwriting requirements. Not all products available in all states.  Pricing depends on a variety of factors including policyholder location.  Not all discounts available in all states.