Which of the following is NOT typically covered under a Special Commercial Property Policy?

A Special Commercial Property Policy generally aims to provide a broad range of coverage for businesses, but it also includes certain exclusions that are significant to understand. One of the main exclusions in these types of policies is earth movement, which includes events such as earthquakes and landslides. This exclusion exists because earth movement can lead to extensive damage that is often unpredictable and can result in very high costs for insurers.

In contrast, falling objects and water damage, depending on the circumstances, are typically covered as they are considered perils that can be reasonably managed and mitigated. Government action, though it can also create significant implications for property coverage, does not fall under the category of covered risks either but is generally excluded in most standard policies. Therefore, the correct answer identifies earth movement as the peril that is not covered under a Special Commercial Property Policy, primarily due to the nature of the risks associated with such events and the consequent financial implications for insurers. This nuanced understanding is essential for determining the overall risk exposure and coverage needs for commercial properties.