What types of losses are typically covered under a commercial property policy?

A commercial property policy is designed to protect businesses from various risks that can lead to financial loss. The coverage typically includes losses caused by specified perils, such as fire, theft, and vandalism. Fire is a common hazard that can severely damage or destroy property, while theft protects against the risks associated with burglary and shoplifting. Vandalism covers intentional damage to property, which can be quite costly to businesses.

While employee theft can also be a significant risk, it is generally covered under a different type of insurance, known as a fidelity bond or employee dishonesty coverage. Business interruption insurance is a separate policy that provides coverage for lost income due to the inability to operate after a covered loss but is not directly tied to the physical property damage itself. Natural disasters may fall under some commercial property policies but often require additional coverage or riders to address specific events like floods or earthquakes.

Overall, fire, theft, and vandalism represent core risks that commercial property policies are customarily written to cover, making this response the most accurate choice.