An alternative title for the Building and Personal Property Coverage Form.
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US: An insurance policy for businesses and other organizations that insures against damage to their buildings and contents due to a covered cause of loss, such as a fire. The policy may also cover loss of income or increase in expenses that results from the property damage (PD). Commercial property policies may be written on standard or nonstandard forms.
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Insurance that covers risks associated with operating a business; for example fire, burglary, or theft.