What is commercial property insurance? Most businesses we see on the streets operate in rented properties. The owner of your neighborhood pizzeria, for example, is usually just a tenant of the location where their restaurant is located. The same goes for stores, clinics, or hair salons.
Owning a commercial property and renting it out is a fantastic business opportunity. If it is well-located and in good condition, it can generate a good profit without dealing with employees, customers, or suppliers.
However, property owners must protect their assets – the building, office, or space – as they are the source of their income.
That’s why, in addition to requiring the tenant-business owner to obtain all the necessary commercial insurance to conduct their activities, the landlord must protect their asset.
For this purpose, there is property insurance, which covers the building or premises in case of fire, theft, or any type of lawsuit.
As the name suggests, this insurance only protects the property itself and does not cover the tenant or the investment they have made to run their business.
If you are thinking of investing and buying a property to rent out, call Univista Insurance, and you will get the cheapest insurance rates on the market. What is commercial property insurance?
Call us today for a full qualification! 305-728-2088. You can also quote for free here.
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