Which of the following is a type of risk typically covered by comprehensive business property policies?

Comprehensive business property policies are designed to provide extensive coverage for physical assets owned by a business, protecting them against various risks that can lead to loss or damage. Theft and vandalism are common risks that these policies typically cover because they directly relate to the physical security of the property. Coverage for theft includes loss of inventory or equipment due to burglary or unlawful removal, while vandalism coverage helps protect businesses from damages caused by intentional acts of destruction.

In contrast, other options present risks that are either not covered or are covered under different types of insurance policies. Earthquakes and floods, while significant risks, typically require separate special policies or endorsements, as standard property policies may exclude these natural disasters. Market fluctuations and competition are business risks that relate to the operational environment and financial performance, and thus are not covered by property insurance. Similarly, personal injury to employees falls under workers' compensation or liability insurance rather than property coverage, as these concerns pertain to the well-being of workers rather than the physical property itself.