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Property insurance is specifically designed to cover damage to physical property, such as your salon, equipment, or inventory. This type of insurance protects against losses resulting from various risks including fire, theft, vandalism, and certain natural disasters. It provides financial protection to business owners, allowing them to repair or replace damaged property, thus ensuring the continuity of their operations.

Other types of insurance listed do not serve this function. Liability insurance generally covers claims arising from injuries or accidents that occur on the premises or as a result of business operations. Health insurance provides coverage for medical expenses for individuals. Life insurance is meant to provide financial support to beneficiaries upon the policyholder's death, focusing on personal rather than property loss.