Property insurance protects a building and its contents in the event of a catastrophic loss. In case of a business, large amounts of capital can be tied up in inventory and special equipment and it is critical that such items are covered by insurance as the expenses of replacing them can be unbearable. There are several types of this insurance available on the market, and when purchasing this insurance product, people should definitely consult an insurance broker to confirm that they buy a product which is suitable for their needs.