Commercial property
The commercial property line of business is part of the PolicyCenter base configuration.
The commercial property line of business provides coverage against loss or loss of use of buildings and related items (such as contents) because of fire, storms, theft, and other events. Commercial property is similar to the property coverage portion of the businessowners line of business. To accommodate all types of businesses, commercial property offers more types of coverages.
Typically, a single policy covers businesses operating at multiple locations. However, insurers vary in whether they require separate policies for locations that serve different functions and have different risk profiles.
The commercial property implementation contains a series of screens to describe locations and buildings, choose coverages, assess risk, quote the policy, and select payment options. This section provides descriptions of fields that define the policy contract and contain related information in the default configuration.
This line of business contains a reference implementation that you can use to accelerate your implementation. This line of business includes reference implementations for policy transactions, policy file screens, sample rating rules, sample eligibility rules, and forms logic. The reference implementation also provides sample content.