Which policy is used to cover commercial buildings?

The Building and Personal Property Form is specifically designed to provide coverage for commercial buildings. This policy addresses various risks associated with commercial property, including coverage for the structure itself, any improvements or betterments made, and the personal property owned by the business or located at the premises. This form is essential for businesses that own or lease commercial buildings, protecting them against losses from perils such as fire, theft, vandalism, and certain natural disasters.

In contrast, a homeowner policy primarily covers residential properties and is not suitable for commercial operations. Comprehensive insurance can cover a wide range of risks but is not tailored specifically for commercial buildings. Lastly, while a Business Owners Policy (BOP) can provide significant coverage for many business-related activities and often includes property coverage as part of a package, it is typically structured for smaller, less complex businesses and may not cover all the specific needs of larger commercial buildings as effectively as the Building and Personal Property Form does. Thus, the Building and Personal Property Form is the most appropriate choice for covering commercial buildings.