Which statement best describes a commercial property insurance policy?

A commercial property insurance policy is designed to protect a business against a wide range of risks associated with its operations, including various types of property losses and related liabilities. This policy typically provides coverage not only for physical damage to the property itself—such as buildings, furniture, equipment, and inventory—but also extends to losses that stem from liabilities faced by the business, such as claims from third parties due to accidents or injuries that occur on the premises.

The comprehensive nature of this policy means it can address issues like fire, vandalism, theft, and equipment breakdown, which are pertinent to businesses. It also covers business interruption losses, helping to compensate for income lost during a period when the business cannot operate due to covered damages. Thus, the policy's broad scope is crucial for safeguarding various aspects of a commercial operation, ensuring that businesses can recover from unexpected incidents.

In contrast, the other options do not encompass the full breadth of coverage that a typical commercial property insurance policy offers. For instance, the focus on theft-related losses or limitations to owned structures does not reflect the diverse risks a business may face. Similarly, confining coverage strictly to natural disasters neglects other potential liabilities and risks that could significantly affect a business's operations and financial standing.