Final answer:
A Commercial Property Floater (CPF) is an insurance policy that covers movable property or contents. It is especially useful for businesses that operate in multiple locations or have assets that frequently move.
Step-by-step explanation:
A Commercial Property Floater (CPF) is a type of insurance policy that covers movable property or contents that are not fixed to a particular location. It provides coverage for property that is frequently moved or stored at various locations.
For example, if a company owns a fleet of vehicles, a CPF can cover those vehicles, as they are movable property. Similarly, if a business has valuable equipment that is frequently transported or used at different job sites, a CPF can provide insurance coverage for that equipment.
CPF policies are especially useful for businesses that operate in multiple locations or have assets that frequently move, such as construction companies, contractors, and equipment rental companies.