If you’re leasing commercial space for your business, you should expect a requirement that you carry insurance. Since these requirements are usually imposed by the leasing company or individual landlord, they are not necessarily consistent. In some jurisdictions, there may be minimum requirements, but for the most part, you are going to be dealing with the needs of an individual entity you’re contracting with for space to operate. As a result, you need to be able to parse your lease agreements for leasing insurance requirements to make sure you’re in compliance.
Protect Yourself With Robust Coverage
While leasing insurance is usually required when you sign a commercial lease, it’s also just a good idea even if no one is making you purchase it. Protecting yourself against issues that could lead to eviction and the loss of operational capacity is common sense, and bundling it together with a package that protects your equipment, employees, and visitors on-site can save you money over shopping for individual policies for every separate form of business insurance your company needs. Investigate your options before you sign that lease, so you can make sure you’re getting the coverage that is as cost-efficient as possible without sacrificing any essential areas of protection. To do that, you need to work with a company that understands leasing insurance, including the provisions most common in the industry.