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
business property insurance, land insurance, commercial property coverage, 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.
