provision of services.
This is mainly for professionals like consultants, notaries, insurance agents, accountants, and tech providers. Medical malpractice insurance is an example of this type of insurance.
Auto Liability Insurance
This is for company claims from business-related accidents that happen in company cars, trucks, or any vehicle. It can also cover vehicles that are just used for work.
Know Who’s Fully Responsible for any Repairs and Maintenance
These are things that usually aren’t covered unless you have the most coverage possible. Most of the time, commercial leases make the tenants pay for repairs to anything on the interior of the building. Examples are interior electrical issues, light fixture repairs, HVAC system repairs, and damage to windows and walls. I don’t think that is the best situation for the tenants. A good broker will put some of this back on the landlord. You shouldn’t need to invest money in an HVAC unit that won’t be used by you in a couple of years. Usually, insurance requirements are standard in leases and how they relate to maintenance and fixing things on the property is as well. You can get umbrella coverage from most companies as well. This means you can get all the different types of insurance you want and need under one policy. New companies can sometimes try to cut corners and save a few bucks by getting just the minimum insurance. Commercial space insurance and its different types are not the corners that I suggest
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