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 Commercial Landlord Insurance - What it Does! Business Insurance can protect your commercial properties from many risks you have as a commercial property owner and can help it be a safer investment.Why risk it? - Let us guide you to the best fit for of Insurance protection of your commercial properties. Buy the insurance coverage you want at a competitive price from an Austin based insurance agency. Professional service makes a difference!
Real people that want to help! - We're more than a website!
Typical Insurance Issues for a Commercial Landlord:
General Liability Public or General Liability is critical both for commercial building owner and their tenants. Liability Coverage for the Tenants - Most commercial landlords require that their tenants have a high level of Liability coverage and include them as an "Additional Insured." Lease agreements often also include a tenant requirement to hold the landlord harmless (also often called an "Indemnity Clause") which triggers the tenant's insurer to provide a "Waiver of Subrogation" in favor of the landlord. Tenant Liability - Be sure that your tenant's insurance contract has additional liability coverage for damage they may accidentally cause to their leased space. Commercial Building Owner Liability Coverage - A business building has an inherent public premise exposure that can be protected with a General Liability insurance coverage. An Excess Liability policy (Umbrella) to obtain very high levels of Liability coverage may be appropriate depending on the size of your business venture. Building & Improvements Insurance protection of your sizable investment in your Commercial Property is critical for your business to be a safe investment and a likely requirement of any bank financing. Tenant Property - Improvements built by your tenants to their leased space can be insured from their insurance policy as an extension of their property coverage. Some leases also require that their tenants also have adequate insurance protection for their contents. Adequate Property Limits to Rebuild - Don't get caught short and not have the amount of insurance protection you need. Most insurance contracts impose a "Co-Insurance" penalty that will reduce a claim settlement if a building is under insured. Ordinance & Law Requirements - Laws change over time and can impose added requirements if your building has major damage or has to be completely rebuilt. An example is the many changes imposed by the Americans with Disability Act to provide improved access. Insurance protection for these potentially expensive modifications needed to repair or rebuilt is an important optional coverage. Business Income / Extra Expense Business Income protections your revenue stream after an insured event. Extra Expense pays added cost to help get your building reopened quickly and your tenants back. The cost of dislocation can be a very large part of your overall financial cost after a fire, storm damage or other insured event.  Business Insurance Quote:To obtain a customized Business Insurance quote:   Need other Insurance? We can help - Quote Austin Insurance - insurance quotes & more information
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