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Understanding Why You May Need Commercial Renters Insurance

In business, many business owners do not own their own properties and need to lease or rent the space in which they operate. If you are planning to lease a commercial building or rent an office, you may have heard of commercial renters insurance, also known as tenant’s insurance. This type of insurance covers the contents of an office against forms of loss that occur from fires, theft, vandalism, or building malfunctions.


When damage occurs to the inside of your office or building that you are leasing, tenant’s insurance would cover losses of personal belongings, contents of your unit, and damage to the structure. If you lease a commercial building or space in a building, you may incur costly bills by not having this type of insurance coverage. This is because the owner of the building will charge you for any harm that was caused to the physical structure and damages that other tenants of the building suffered.


Remember, when you sign a lease agreement with a commercial property owner, you put your neck on the line if your company or employees damage the building in any way, which could be costly.


Not only is it wise to protect yourself in this way when leasing or renting an office, but a tenant’s insurance policy should cover you against liability. If anyone gets injured in your office, such as in the event of a slip and fall accident, the insurance will pay that person’s medical costs.


For questions about your commercial insurance policy, or for help negotiating with the insurance company regarding a claim for losses, call a qualified insurance claim litigation attorney at the Voss Law Firm today at 888-614-7730 today for a complimentary consultation.

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