Commercial Property Insurance
Coverage designed to safeguard a business's tangible assets against damage or loss
Detailed Explanation
This coverage is crucial for protecting the tangible investments a business has made, such as buildings, equipment, inventory, and furnishings, against damage or loss caused by covered risks like fire, wind, or theft.
Practical Example
A bakery owns its building and has coverage for commercial property to protect against damage to the building itself, as well as their ovens, refrigerators, and ingredients stored on-site.
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