What Is Commercial Insurance?
Just as homeowners insurance protects a homeowner from the full cost of repairing unforeseen damage to a house, commercial property insurance protects businesses and investment property against damage to their buildings and contents.
Commercial property owners, both those operating a business on their property and those leasing property to another entity, may purchase policies that protect the building and associated structures. A property owner’s policy will not protect tenants from loss. Business owners who lease their property may buy policies that protect the building’s contents, such as machinery, furniture and stored or displayed merchandise.Commercial insurance also can cover liability for running a business as well as the actions of employees.
The best way to determine insurance needs is to consult with an insurance professional.
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