Standard home insurance policies are in place to protect your property from sudden and accidental losses. Typically, this includes damage to your home from the following:
The standard ISO form of property coverage will also provide coverage. Typically, property insurance under business owners' policies written on a named peril basis includes coverage for direct physical loss caused by riot or civil commotion and looting at the time and place of the occurrence.
The “rioting” definition covers looting by participants who steal merchandise or other property from the premises, as well as fire. Vandalism is also a covered peril in the Business Owners Policy (BOP).
As for those businesses that must suspend operations or limit hours due to rioting, business income or interruption coverage is triggered “if there is physical damage to the premises of such magnitude that the business must suspend its operations.”
Physical damage to other property that prevents customers or employees from gaining access to the business is also covered, though most policies have a waiting period of several days before business interruption coverage will come into play. Even then, coverage is not retroactive to the day of the event, which means some losses may not be covered under this policy.