commercial property policy
An insurance policy for businesses and other organizations that insures against
damage to their buildings and contents due to a covered cause of loss, such
as a fire. The policy may also cover loss of income or increase in expenses
that result from the property damage. Commercial property policies may be written
on standard or nonstandard forms.
See also: all risks coverage,
building
and personal property coverage form,
business income coverage,
causes of loss forms,
commercial property coverage
forms, difference-in-conditions
insurance, direct damage coverage,
named perils coverage,
property insurance.
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