1. In a commercial property policy, business personal property coverage insures:

The insured's furniture, equipment, and stock used in the business

Business personal property coverage insures the contents a business uses, such as furniture, equipment, and inventory.

2. Business income (interruption) coverage helps replace:

Lost net income and continuing expenses when operations are suspended by a covered loss

Business income coverage replaces lost net income and pays continuing expenses while operations are suspended by a covered loss.

3. Inland marine coverage is commonly used to insure:

Movable property and property in transit, such as contractors' equipment

Inland marine policies cover movable property, property in transit, and specialized floaters such as contractors' equipment.

4. A surety bond differs from a typical insurance policy because it involves:

Three parties and guarantees the performance of an obligation

A surety bond is a three-party agreement in which the surety guarantees that the principal will perform an obligation to the obligee.