What Is a “Commercial Property?”
Commercial properties may refer to:
- retail buildings
- office buildings
- industrial buildings
- apartment buildings
- “mixed use” buildings, where the property may have a mix, such as retail, office and apartments.
There are nuances to managing each of these types of properties. Properties intended for commercial use have more public visitors and therefore have more people on the property each day that can get hurt or do something to damage your property. Commercial properties also face numerous risks that could potentially cause financial devastation for the property owner or the tenants. From weather-related property damage to criminal activities, the list of things that could go wrong may seem endless. While it is impossible to fully protect all your properties from damage and financial loss, there are ways to help protect your business and it starts with liability insurance! While business liability insurance covers the people and products of a business, commercial liability covers the actual physical location. This will cover any damages to your property from accidents, weather-related incidents, and vandalism. This is just as important as any other kind of insurance, as it will allow you to return to business in a more timely manner. Commercial and business liability insurance policies are often lumped together. SERVPRO of Omaha Southwest accepts ALL insurance providers! We will not let you down.