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5 Essential Considerations for Insurance When Buying or Investing in Commercial Property

Jackson & Jackson

Investing in commercial property is a significant step for any entrepreneur or business entity. Insurance plays a pivotal role in safeguarding your property and your financial future. Here are five critical considerations you should keep in mind regarding insurance when buying or investing in commercial property.

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Protect Your Business: 5 Essential Insurance Policies You Might Be Overlooking

Protect Commercial Insurance

While you may have the basic insurance policies in place, such as property and general liability insurance, there are several other essential insurance policies that you might be overlooking. That’s why it’s crucial to consider other insurance policies to protect your business comprehensively.

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How Seasonal Businesses Can Optimize Insurance Coverage

Mark Jackson Insurance Agency

While your business may only operate for part of the year, risks like property damage, liability claims, or equipment theft don’t follow a calendar. Having the right insurance policies in place ensures your business is protected even during the offseason. Start by evaluating your specific risks.

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Common Myths About Commercial Insurance Debunked

Protect Commercial Insurance

Long-term Financial Benefits While the upfront cost of commercial insurance might seem high, consider the long-term savings and financial security it provides. Without insurance, your business could face catastrophic financial loss from property damage, theft, or a lawsuit.

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Block of Flats Insurance Glossary of Terms

Property Insurance Centre

Terrorism Cover for Block of Flats Insurance policies for individual houses typically include cover for damage or loss caused by an Act of Terrorism. However, block of flats insurance is classed as commercial property , and Terrorism cover is often excluded. cleaner or gardener). Who is Considered an Employee?

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Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

Distinguished

Job sites that are under construction are prone to things like fire, theft, and vandalism. All of which can cost their property or business owners millions of dollars in losses without adequate insurance coverage. This is why the popularity of Builder’s Risk insurance is growing.

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Freehold Block of Flats Insurance: Top Cover Tips

Property Insurance Centre

When obtaining a block of flats insurance policy, it is crucial to inform the insurer about the occupancy of the flats. This includes providing details about any unoccupied flats, as they may pose higher risks due to increased vulnerability to theft, vandalism, or damage.

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