Which type of property is specifically covered under commercial lines property/casualty insurance?

Commercial lines property/casualty insurance is designed to address the specific risks and needs associated with business operations. This type of insurance covers commercial properties, which include locations such as offices, retail spaces, warehouses, and factories. These properties are used for business activities and have different exposure risks compared to residential properties or personal vehicles.

The correct answer is focused on commercial properties because these locations need protection against a variety of risks, including property damage, liability, and business interruption, which are unique to a business context. In contrast, residential properties, personal vehicles, and family homes are typically covered under different types of insurance policies, such as homeowners or personal auto insurance, which cater specifically to individual or domestic needs rather than business operations. Thus, only commercial properties fall under the umbrella of commercial lines property/casualty insurance.