Business Personal Property coverage includes which of the following?

Business Personal Property coverage is designed to protect the tangible assets that a business uses in its operations. This includes items like furniture, equipment, and inventory that are essential for running the business.

The correct choice signifies that the coverage extends to business personal property located within a specified distance (in this case, 100 feet) from the premises. This distance is important as businesses may have items such as storage containers, signage, or machinery outside the main building but still closely associated with the business operations.

The rationale behind covering property within a certain proximity to the main location is to ensure that businesses are adequately protected against risks that could affect assets important for their operations. Having this flexibility allows businesses to manage outdoor resources more effectively without facing a coverage gap.

The other options either limit the scope of coverage inappropriately or move outside the boundaries of what is typical for business personal property insurance. For example, limiting coverage strictly to buildings, only property owned by the business, or property exclusively within the state of Illinois would not provide a comprehensive risk management strategy that meets the operational needs of many businesses.