What are "perils insured against" in a commercial property policy?

"Perils insured against" in a commercial property policy refers specifically to the risks or events that the policy provides coverage for. This means that when an insurance policy outlines the perils insured against, it identifies the specific incidents, such as fire, theft, vandalism, and certain natural disasters, that will be compensated by the insurer if they cause damage to the insured property. Understanding these perils is crucial for businesses to know what risks are financially protected under their insurance plan.

In contrast, the other options speak to general concepts that do not effectively capture the essence of what "perils insured against" means. For example, general risks not covered by the policy would refer to exclusions rather than the specific protections provided. Similarly, the idea of all losses occurring under the policy or commonly accepted hazards does not accurately reflect the defined nature of perils that are specifically addressed and agreed upon in the terms of the insurance contract. Thus, recognizing "perils insured against" as precise, enumerated risks is fundamental to managing coverage expectations in commercial property insurance.