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.
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.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
commercial liability insurance — UK US noun [U] INSURANCE, LAW ► insurance that pays a company s legal costs if someone takes legal action against them for injury or property damage: »A commercial liability insurance policy wasn t purchased until more than a year into the… … Financial and business terms
Commercial Lines Insurance Pricing Survey - CLIPS — An annual survey from the consulting firm Towers Perrin that reveals commercial insurance pricing trends. It tracks prices charged by over 30 insurance carriers for underwriting business casualty and property insurance policies. The survey can be … Investment dictionary
Commercial Property Floater — A specific type of floater that is attached to an insurance policy. Commercial property floaters offer protection for business property that is not contained at a fixed location. These floaters are attached to base property insurance policies.… … Investment dictionary
Commercial Property/Casualty Market Index Survey — A survey of its members in the Council of Insurance Agents Brokers regarding the commercial property/casualty market. This quarterly Commercial Property/Casualty Market Index Survey covers the rate of premiums over small, medium and large… … Investment dictionary
property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest … Law dictionary
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium
Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… … Wikipedia
Insurance fraud — Criminal law Part … Wikipedia
Commercial mortgage — Finance Financial markets Bond market … Wikipedia
Insurance Risk Managers — Infobox Company company name = Insurance Risk Managers company company type = Private foundation = 1995 company slogan = The simplest way to get the best value location = Dublin, Ireland key people = Tania Murphy products = Professional Indemnity … Wikipedia