As a building owner you have special insurance needs. Much like a homeowner, you share concerns about property damage to your building and any surrounding property, as well as injuries that may occur to others while leasing or visiting on a piece of property that you own. As you know, the cost of repairs can run high, and that’s why we suggest that you invest in a comprehensive building owners insurance policy in Orlando.
You’re going to need coverage for a slew of exposures, because an unexpected event could make your business property uninhabitable, or at the very least cause some delays in its use. Whether it is due to theft or vandalism, or something more serious like a fire or windstorm, if your building is damaged or office contents are destroyed, it could very well be impossible to house tenants or to manage their current concerns. A business property insurance policy helps you protect the building, equipment and income that you rely on each and every day.
Accidents and injuries cause for concern
Anyone who enters or occupies a location that you own can file a claim or lawsuit for accidents or injuries they sustain. For example, let’s say that a part of the ceiling collapses due to water damage and this results in someone being hospitalized for a resulting injury. A business liability policy covers your building in case of accidents or mistakes that may occur on the premises.
And these are just a few of the issues that plague building owners. In addition, owning and running a building can be an enormous undertaking and responsibility. Business interruption can be extremely disruptive to any type of business and to those who utilize your building. This can result in a serious loss of revenue, and without proper coverage will often result in strained relationships and lawsuits. That’s why it’s important that your insurance partner has the expertise to recommend the best coverage options for your property.
With so many risks involved in being a property owner it’s just common sense to invest in building insurance in Orlando that provides all the protection that you’ll need.