What does a commercial property policy typically cover?

A commercial property policy is designed to provide comprehensive coverage related to a business's physical assets. This includes not only the buildings themselves but also the personal property owned by the business, such as inventory, furniture, and equipment utilized in daily operations. The inclusion of equipment is critical, as many businesses rely on specialized tools and machinery to function.

The coverage extends to various risks that can affect these assets, such as fire, theft, vandalism, and certain natural disasters. By protecting both buildings and the personal property used in business operations, a commercial property policy helps ensure that a business can sustain its operations and recover from potential losses.

This option captures the full scope of what commercial property insurance intends to protect, enabling business owners to safeguard their investments comprehensively.