Here is where you tell us how much coverage you'd like to have on your policy.
Contents coverage includes tools, equipment, Furnishings, and stock or product, plus renovations or leasehold improvements for which you are responsible
If you are sued for negligence for things like accidental injury to animals or a customer slips and falls, liability coverage will cover the cost to defend you and settle the lawsuit up to the limit you choose. Anyone can sue you for any amount of money - how much they actually get is another thing, making it difficult to know how much liability coverage is enough. The best advice we can give you is to choose the highest limit you can afford - it usually costs less than you think.
The deductible is how much the insurance company will reduce your claim settlement by for most property damage claims (ie. if it costs $3,000 to replace your contents that were lost in a fire and you have a $500 deductible, the insurance company would pay $3,000 minus the $500 deductible for a total of $2,500).