What type of coverage protects property lost due to theft or damage in an office?

The correct answer is on-premise coverage, which specifically addresses the protection of property that is located within a business's physical premises. This type of coverage helps safeguard against loss or damage resulting from theft, vandalism, or other incidents that can occur while the property is situated inside the office.

On-premise coverage is essential for businesses as it provides financial protection for the assets and belongings they use to operate, ensuring that if an unexpected event occurs, the business can recover and continue functioning. This coverage is tailored to the needs of businesses, making it particularly relevant for those with significant investments in their office environments.

In contrast, transit insurance typically covers property while it is being transported, and property insurance can encompass a broader range of scenarios, while general liability insurance focuses on injuries and damages caused to third parties rather than the protection of the business's own property. Therefore, on-premise coverage is the most suitable choice for this specific scenario related to theft or damage in an office environment.