Commercial Property Insurance

Definition

  • An insurance policy used to provide coverage for commercial property. Commercial property insurance protects the insured from damages resulting from named perils such as theft, fire, or natural disasters.

Synonyms
commercial property coverage, land insurance, business property insurance, commercial real estate insurance

Related Terms and Acronyms

  • Business Crime Insurance Definition,
    • Insurance that covers losses due to criminal acts perpetrated by customers or employees.
  • Business Insurance Definition,
    • An umbrella term for insurance that covers various losses that may arise due to the operation of a business.
  • Commercial Blanket Bond Definition,
    • Insurance that covers losses to businesses due to different forms employee fraud, such as embezzlement and forgery.
  • Commercial Lines Definition,
    • A broad term referring to insurance policies for professionals, businesses, and other commercial establishments.
  • Commercial Property Floater Definition,
    • Insurance that provides coverage for property that is not fixed to one single location.
  • Demolition Insurance Definition,
    • Insurance that covers demolition costs for an irreparably damaged building.
  • Fire Insurance Definition,
    • Insurance that covers losses from fire damage to insured assets.
  • First Loss Insurance Policy Definition,
    • An insurance policy where the policyholder under-insures their assets and will only receive partial coverage in the event of a loss.
  • Floater Insurance Definition,
    • Insurance that covers assets not commonly covered by an existing policy such as electronics or jewelry.
  • Peril Definition,
    • Anything that poses a risk of loss, which may or may not be insurable depending on the potential for risk.
  • Property Insurance Definition,
    • Insurance that provides coverage for damages to property from a number of perils.
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