Get expert information about Shop Insurance from the insurance team at Property Insurance Centre. Get your questions answered about Shop Insurance.
What Factors Influence the Cost of Commercial Property Insurance? Commercial property insurance protects landlords who rent out their property for commercial purposes. This type of insurance policy is required due to the wide range of costly incidents that can occur when you allow another party to occupy the commercial property, such as a steel structure or barn. This coverage is also known as commercial landlords' insurance. To obtain this type of insurance, the lessor must enter into a formal rental agreement with its tenant, naming itself as the lessor and the occupying organization as the tenant. For around 300 years, insurance underwriters have used four factors to determine what your premiums for commercial property insurance are, and we'll go over these four factors, which you can remember in a simple acronym called cope C-O-P-E, which stands for CONSTRUCTION, OCCUPANCY, PROTECTION, and EXPOSURE. Get a Quote [...]