Who does "Your" refer to in a Commercial Policy?

In the context of a Commercial Policy, "Your" typically refers to the named insured and their spouse. The named insured is the individual or business entity specifically identified in the policy as the insured party. This inclusivity extends to the named insured's spouse, recognizing that in many personal and small business contexts, the spouse may be involved in the business operations or may share in the ownership of the insured entity.

This definition is pivotal because it ensures that the coverage provides protection not just to the business itself but also recognizes the significance of the spouse's involvement, which can be relevant in certain claims situations or legal contexts.

Options that suggest "Your" would refer only to an employee or only to the named insured do not capture this broader definition, which is essential for the comprehensive understanding of who is protected under the policy. Likewise, the reference to a designated underwriter is unrelated to the definition of "Your" within the context of the policy. Thus, the correct interpretation emphasizes the relationship between the named insured and their spouse.