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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Additionally, some commercial leases require tenants to carry specific insurance policies, such as liability coverage or business interruption insurance. Carefully reviewing lease agreements and local regulations will help ensure your business is properly insured. Each business location presents different liability risks.

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Does Builder’s Risk Coverage Differ for Residential vs. Commercial Construction Projects?

Distinguished

In some cases, commercial projects may require additional coverage, such as loss of rental income, business interruption costs, and extra expenses if the completion of the project is delayed. Commercial construction can also involve higher total insurable value (TIV) and more complex coverage needs.

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

– Equipment Breakdown : Specifically focuses on essential equipment that supports your business. – Business Interruption : While your premises undergo repair or replacement, this helps cover lost income and operating expenses.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Business Interruption Insurance : Compensates for lost income if your business operations halt due to a covered event. How does each type of coverage protect your business? – Inland Marine Insurance for transporting equipment and goods.