In a Commercial Property policy, which coverage would apply to stock held by the insured?

In a Commercial Property policy, coverage for stock held by the insured is best categorized under business personal property. This type of coverage is designed specifically to protect personal property owned by the business, which includes inventory and stock. Business personal property encompasses not just the physical goods that the company sells but also any items used in the operation of the business that are not attached to a building.

Building coverage, on the other hand, pertains to the structure of the physical building itself rather than the contents within or the inventory held therein. Standard property coverage is a broader term that might refer to various included coverages but does not specifically pinpoint stock or inventory. Legal liability coverage addresses the insured's potential liabilities to third parties, which doesn’t relate to the coverage of stock. Thus, business personal property is the appropriate designation for the coverage of stock held by the insured in a Commercial Property policy.