Commercial Insurance

Commercial-insurance pages explain the wording businesses and advisors meet when property, liability, interruption, and specialized risks are insured.

Commercial coverage is usually where insurance stops feeling generic. A business may need to separate building values from movable property, understand when liability is triggered, prove income loss after a shutdown, and satisfy lenders, landlords, or contract counterparties at the same time.

Start Here

• Commercial Property
• Statement of Values
• Business Personal Property
• Blanket Insurance
• Loss Payee
• Commercial General Liability
• Occurrence Basis
• Claims-Made Coverage
• Retroactive Date
• Extended Reporting Period
• Prior Acts Coverage
• Products-Completed Operations
• Business Interruption
• Business Income
• Extra Expense
• Contingent Business Interruption
• Dependent-Property Coverage
• Civil Authority Coverage
• Restoration Period
• Insurance Policy
• Named Insured
• Additional Insured
• Endorsement
• Policy Limit
• Aggregate Limit
• Deductible
• Reinsurance

Why This Section Matters

Commercial wording often looks familiar on the surface but becomes more layered once property schedules, blanket limits, payee interests, liability triggers, and income-loss timing enter the picture.

Read This Section By Problem

Protecting the business’s own assets

Start with Commercial Property, then narrow into Business Personal Property, Statement of Values, Blanket Insurance, and Loss Payee.

Understanding shutdown and income-loss coverage

Read Business Interruption, Business Income, Extra Expense, and Restoration Period together. Those pages explain the difference between physical damage, lost earnings, and the time window used to measure the loss.

Understanding liability trigger logic

Use Commercial General Liability as the starting point, then compare Occurrence Basis with Claims-Made Coverage, Retroactive Date, Extended Reporting Period, and Prior Acts Coverage.

Typical Reading Paths

In this section

• Blanket Insurance
  One commercial property limit that applies across multiple locations or categories.
• Business Income
  Income and continuing expenses measured after a covered interruption loss.
• Business Interruption
  Coverage for lost income after an insured property loss disrupts operations.
• Business Personal Property
  Commercial property wording for movable business assets, not the building.
• Civil Authority Coverage
  Business-interruption or extra-expense coverage when authorities block access.
• Claims-Made Coverage
  Liability coverage triggered by when a claim is first made and reported.
• Commercial General Liability
  Core business liability coverage for injury and property-damage claims.
• Commercial Property
  Coverage for business buildings, stock, equipment, and other physical assets.
• Contingent Business Interruption
  Income-loss coverage tied to damage at a supplier, customer, or other outside property.
• Dependent-Property Coverage
  Interruption coverage tied to key outside premises the insured depends on.
• Extended Reporting Period
  Extra time to report claims under a claims-made liability policy.
• Extra Expense
  Necessary extra costs incurred to reduce interruption after a covered loss.
• Loss Payee
  Party named to receive claim payment for insured property.
• Occurrence Basis
  Occurrence-basis liability coverage in Canada: how response is tied to when injury or damage occurred.
• Prior Acts Coverage
  Claims-made coverage that can include work done before the current policy period.
• Products-Completed Operations
  CGL exposure that continues after products are sold or work is finished.
• Restoration Period
  Defined recovery window used to measure business-interruption losses.
• Retroactive Date
  Retroactive date in Canadian claims-made liability coverage: how it limits how far back the policy reaches.
• Statement of Values
  Declared property values used for underwriting and limit adequacy.