Which type of insurance is specifically designed to protect businesses from property loss?

Commercial property insurance is specifically designed to protect businesses from various types of property loss. This insurance covers physical assets such as buildings, equipment, inventory, and other structures owned by a business. In the event of damage caused by fire, theft, vandalism, or certain natural disasters, commercial property insurance helps businesses recover financially by covering the repair or replacement costs of the insured property.

Homeowners insurance primarily protects residential properties and the contents within those homes, making it unsuitable for business-related property protection. Personal property insurance is typically concerned with individual possessions and their coverage within personal contexts, rather than commercial properties. Flood insurance focuses solely on damages resulting from flood-related incidents and may not cover all types of property losses that businesses might face. Therefore, the unique focus of commercial property insurance on business assets distinctly positions it as the correct choice for protecting businesses against property loss.