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What Perils Are Covered by Commercial Property Insurance?

Property Insurance Centre

However, flood damage is typically excluded from standard policies and requires separate flood insurance, especially for businesses in flood-prone areas. Explosions Whether caused by a gas leak, a boiler malfunction, or an industrial accident, explosions can be catastrophic. Businesses can purchase sewer backup coverage as an add-on.

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Purpose Built Flats Insurance and Lift Insurance Policy?

Property Insurance Centre

Lift Inspection policies will often accompany a Purpose Built Flats Insurance Policy, and for good reason. Although some Purpose Built Flats Insurance policies will provide some cover to machinery and plant for material damage cover, they will not provide any assistance should the lift break down.