Commercial Property Insurance

AAA

DEFINITION of 'Commercial Property Insurance'

Insurance that is used to cover any type of commercial property. Commercial property insurance protects commercial property from such perils as fire, theft and natural disaster. This type of insurance is carried by a variety of businesses, including manufacturers, retailers, service-oriented businesses and not-for-profit organizations.

INVESTOPEDIA EXPLAINS 'Commercial Property Insurance'

Commercial property insurance can be a major expense for businesses that use equipment worth millions or billions of dollars, such as railroads and manufacturers. This insurance essentially provides the same kind of protection as property insurance for consumers. However, businesses can usually deduct the cost of commercial property insurance premiums as expenses.

RELATED TERMS
  1. Certified Commercial Investment ...

    A professional designation awarded by the Certified Commercial ...
  2. World Insurance

    A commercial liability policy with extended global coverage. ...
  3. Demolition Insurance

    Insurance that is used to cover the costs of demolishing a building ...
  4. Garage Liability Insurance

    Insurance typically purchased by automobile dealerships and repair ...
  5. Commercial Multiple Peril Policy

    A commercial insurance policy that offers at least two forms ...
  6. Commercial Property Floater

    A specific type of floater that is attached to an insurance policy. ...
Related Articles
  1. The Importance Of Property Insurance
    Home & Auto

    The Importance Of Property Insurance

  2. How the Affordable Care Act Changed ...
    Insurance

    How the Affordable Care Act Changed ...

  3. 5 Services To Usher In New Clients
    Professionals

    5 Services To Usher In New Clients

  4. Insurance Tips For Homeowners
    Insurance

    Insurance Tips For Homeowners

comments powered by Disqus
Hot Definitions
  1. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  2. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  3. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  4. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center