Identify and describe 3 of the major property losses that a business faces, and how
commercial property insurance protects against those losses
Property Loss Exposures
. Property loss exposures are perhaps the easiest to understand due to
the tangible nature of many of the claims. For example, property loss exposures claims may arise
from losses to your building, automobile, inventory, tools and equipment and furniture.
Income Loss Exposures.
The most common types of income loss exposures business insurance
policies are loss of income insurance, loss of income extra expense insurance, life insurance,
business interruption insurance and disability insurance.
Liability Loss Exposures.
Liability loss exposures stem from accidents, whether intentional or
accidental or civil or criminal. General liability insurance,
This can be protected by commercial property insurance. Commercial property insurance refers
to coverage on property at fixed locations and is commonly referred to as fire insurance
