Commercial Property
Property policies protect your organization against direct physical loss of, or damage to, covered property from insured causes of loss. Generally, you would include buildings you own or contract to insure and business personal property.
The most common cause of loss form is special form (all-risk). It covers all causes of loss not specifically excluded. If you have the replacement cost option, the damaged property must be repaired or replaced and the actual cost to do so is your settlement (subject to the policy limits). If you choose to have the actual cash value option, you receive the replacement cost less an allowance for physical depreciation.
Crime policies cover money and securities on and off the premises
Employee Dishonesty policies protect against an employee’s fraudulent or dishonest act, such as embezzlement.
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