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. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  2. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  3. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  4. 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 ...
  5. Ratio Analysis

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

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