What type of policy protects a business's property that is not located at a fixed location?

• A. General Property Insurance
• B. Commercial Property Floater
• C. Business Owner's Policy
• D. Property Coverage Policy

Answer: (B)

A Commercial Property Floater is specifically designed to protect a business's property that is not fixed at a single location. This type of policy provides coverage for movable or temporary property, whether it's in transit or housed at various job sites or locations. This flexibility is its primary strength, allowing businesses to ensure their assets are covered regardless of where they are located.

In contrast, General Property Insurance typically covers property at a listed location or within specified boundaries, making it less suitable for mobile or fluctuating property needs. A Business Owner's Policy combines various coverages, including liability and property insurance, but is also focused on coverage at a fixed location. Property Coverage Policy is a more general term and may not specifically address the intricacies of insuring property that requires mobility. Therefore, the Commercial Property Floater is distinctly positioned to meet the needs of businesses with movable assets.