In the context of a Commercial Policy, who does the term "You" refer to?

In a Commercial Policy, the term "You" specifically refers to the named insured, which is a critical distinction in understanding coverage and responsibilities outlined in the policy. The named insured is the individual or entity specifically designated in the policy to receive coverage and benefits. This designation is important because it determines who is protected under the policy and who can make claims or request changes.

The named insured may be a business entity, such as a corporation or a partnership, but the term "You" directly applies to the person or organization that holds the policy as stated on the declaration page. Understanding this ensures that the insured knows their rights and obligations under the policy.

In contrast, the other options refer to different roles within the insurance process. The insurance agent is an intermediary who helps facilitate the purchase and management of the insurance policy but is not the one who is insured. The insurer is the company providing the insurance contract and does not have coverage under the policy. Lastly, while a business entity can be the named insured, the term "You" in the context of the policy specifically identifies the entity or individual listed as the named insured rather than the entity type itself.