Commercial Property insurance policies for businesses and other organizations insure against damage to buildings and contents due to a covered cause of loss, such as a fire, hurricane, wind, and other perils, depending on coverage purchased.
The policy may also cover loss of income or increase in expenses that result from the property damage (PD). Commercial property policies may be written on standard or nonstandard forms.
Commercial Property policies can provide coverage for:
Builder’s Risk
Business Income
Building Ordinance and Law
Fire
Hurricane
Equipment Breakdown
Flood
Utility Service Direct Damage
Building and Business Property