commercial property policy

A commercial property policy is 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.

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The policy may also cover loss of income or increase in expenses that results from the property damage (PD). Commercial property policies may be written on standard or nonstandard forms.


Related Terms

Causes of loss forms are Insurance Services Office, Inc. (ISO), commercial property insurance forms...

Commercial property (CP) coverage forms are Insurance Services Office, Inc. (ISO), CP insurance...