Insurance
Commercial Property Premium Written
Underwriting an annual fire and perils policy on a commercial warehouse.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Premium Receivable (Commercial Property) | Asset (+) | 12,000.00 | - |
| Written Premium — Commercial Property | Revenue (+) | - | 12,000.00 |
💡 Accountant's Note
Commercial property policies cover buildings and contents against fire, explosion, natural perils, and accidental damage. Premium rates are set by the underwriter based on construction, occupancy, protection, and exposure.
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