What does a 'temporary location' refer to in commercial property insurance?

In commercial property insurance, a 'temporary location' refers to a site that is utilized for business purposes but is not owned or controlled by the insured. This would typically include locations where a business might operate for a short period, such as a rental facility for a specific project, or a satellite office established to meet temporary needs.

The significance of this definition lies in how temporary locations can impact insurance coverage. Insurers need to know about these locations to ensure that the business’s property and equipment are adequately covered, even when they are not at the primary insured location. This consideration is crucial for businesses that frequently move or store equipment off-site or participate in events away from their main premises.

Understanding the nature of a temporary location helps in managing risk and ensuring comprehensive coverage across various business operations, which is key in commercial property insurance.