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Opening your own business and building a successful company can be a dream come true. One important step to support your business’s growth is securing commercial insurance. This type of insurance can protect against a variety of risks and losses, depending on the coverage you choose.
At Completely Independent Insurance Agency, we assist businesses in Zionsville, IN, in finding the commercial insurance they need to safeguard their operations, including coverage for leasing a space.
Leasing a Space and How Commercial Insurance Helps
If you lease a space for your business, the property owner will typically require you to have commercial insurance. This insurance should address the specific risks associated with your business and provide protection for visitors to your premises.
One essential component of commercial insurance is liability coverage. Liability insurance protects your business if someone visits your property and suffers an injury due to your negligence. This type of coverage is crucial for mitigating financial risks associated with lawsuits and medical expenses.
In addition to liability coverage, you may need additional protection for other risks, such as:
- Equipment breakdown protection
- Coverage for business assets and inventory
- Protection against theft, fire, and vandalism
- Improvements and betterments you made to the property
What Makes Coverage for Leasing Different?
In most cases, the building property owner will maintain insurance to cover its structure. When leasing space, even though your business doesn’t own the building, you still have assets to protect, including your equipment, inventory and belongings, as well as liability for any incidents that occur on the premises.
Finding the right coverage can be complex, but our team is here to help. At Completely Independent Insurance Agency, serving Zionsville, IN, we work with you to compare options and identify the level of protection best suited to your needs. Contact us for a no-obligation quote.