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The correct type of insurance that specifically covers damage or loss to property is commercial property insurance. This type of insurance is designed to protect businesses from losses related to their physical assets, including buildings, equipment, and inventory. It typically includes coverage for various risks such as fire, theft, vandalism, and certain natural disasters, ensuring that the property is financially protected against unforeseen events that could lead to repair or replacement costs.

General liability insurance, while also crucial for businesses, primarily protects against third-party claims for bodily injury, property damage, and personal injury that occur on your premises or as a result of your operations, but it does not specifically cover losses to the insured's own property.

Workers' compensation insurance provides coverage for employees who suffer job-related injuries or illnesses, ensuring they receive appropriate medical care and compensation for lost wages, rather than covering property damage.

Agricultural insurance is tailored for farmers and includes coverage for crops, livestock, and farm property, but it is not as general or comprehensive for commercial properties as commercial property insurance.

Understanding these distinctions is vital for anyone involved in managing or owning a business, as choosing the correct insurance coverage is essential for effective risk management.