The best answer to this question is from an insurance agent that is familiar with commercial lines and is experienced in helping businesses insure against the unexpected. Some items that should be discussed are the insurance of the fixtures and improvements. A landlord's insurance might not cover a tenant's loss of fixtures and improvements to the property. A competent agent will want to review your lease. A close reading of the lease might reveal other items that need coverage that might not be obvious. For example, the tenant could be responsible for the HVAC units on the roof of a building they rent. If these are lost due to theft or fire, the tenant could be responsible for their replacement.
Other coverages that might be appropriate are loss of income, machinery, furniture, inventory, computer data (replacing a computer doesn't replace the data), equipment that is leased and not owned, records and documents, liability coverage, and on and on. This is why an experienced agent is so important. Only a
well-versed commercial agent can take stock of your business's needs and recommend the appropriate coverage. One clue as to their expertise will be if they just offer you a boilerplate policy or if they take the time to sit down with you to thoroughly understand your business and its needs.
Answer Submitted on Sun, Jan 18 2009
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