What type of insurance typically covers commercial property?

Commercial property insurance is specifically designed to cover businesses against potential losses related to their physical assets. This type of insurance protects the building itself, equipment, inventory, and other business property from risks such as fire, theft, vandalism, or natural disasters. Additionally, it often includes coverage for lost income if a covered event interrupts business operations, which is essential in safeguarding a company's financial stability during such disruptions.

Other types of insurance, such as homeowner's insurance, life insurance, and health insurance, serve different purposes. Homeowner's insurance primarily protects residences and is not tailored for business needs. Life insurance provides financial support to beneficiaries upon the policyholder's death, while health insurance covers medical expenses. Each of these options focuses on personal or life-related coverages rather than the specific needs associated with commercial entities. Thus, commercial property insurance is the best choice for protecting business assets and income.