Commercial building insurance, also known as commercial property insurance, is specifically designed to protect commercial buildings used by businesses.
It provides financial protection to businesses or property owners in the event of damage, loss, or liability related to the building’s structure and contents.
Many commercial property owners also get liability insurance as well as business interruption coverage for extra peace of mind.
Do I need commercial building insurance if I’m a tenant?
If you’re renting a commercial building for your business, it is the landlord’s responsibility to get building insurance.
As a tenant operating a business, you will still need to protect your livelihood. To prevent financial losses and legal issues in future, we advise businesses to get public and employers’ liability coverage, and contents insurance for their stock and equipment.