Which of the following is a duty of the first Named Insured in a commercial property policy?

The duty of the first Named Insured in a commercial property policy primarily involves ensuring that premium payments are made promptly. This responsibility is critical because timely payments help maintain the active status of the insurance coverage. If payments are delayed or not made, it could result in a lapse of coverage, leaving the insured vulnerable to losses that may not be covered.

Making payments promptly is a fundamental obligation that ensures the continuity of coverage and protects against potential claims. This duty emphasizes the importance of maintaining a good relationship with the insurance provider, as well as the necessity of fulfilling financial obligations outlined in the insurance contract.

Other options, while they may represent important responsibilities in various contexts, do not align with the specific duties of the first Named Insured in a standard commercial property policy. Thus, understanding that the primary obligation involves timely premium payments highlights the critical role of the first Named Insured in managing their insurance responsibilities effectively.