Protecting the Property Is Only Part of the Risk
Owning commercial real estate creates exposures that go well beyond the building itself. Tenant operations. Lease requirements. Property valuations. Water damage. Vacancies. Aging systems. Liability claims. Business income losses. Catastrophic property damage.
When something goes wrong, gaps in coverage can become expensive very quickly.
At
Peoples Insurance, a member of the Champoux Insurance Group, our commercial insurance professionals understand the needs of commercial property owners, landlords and real estate investors. We work with a broad range of insurance companies to structure coverage around the property, its tenants and the exposures created by the lease.
A commercial real estate insurance program may include:
- Building & Property Coverage – with appropriate replacement cost and valuation provisions
- Lessor’s Risk / General Liability – protection for premises and landlord liability exposures
- Business Income & Rental Value – protecting lost rental income following a covered loss
- Equipment Breakdown – for boilers, HVAC, electrical and other building systems
- Ordinance or Law Coverage – addressing increased costs associated with current building codes
- Umbrella & Excess Liability – additional protection for significant liability exposures
- Flood and Other Catastrophe Coverage – where exposures require additional protection
But the policy is only part of the equation.
Tenant insurance requirements, additional insured status, indemnification provisions, certificates of insurance, occupancy changes and accurate property values can all affect the owner’s risk.
You own the property. We understand the exposure.
Let Peoples Insurance review your commercial real estate portfolio and help make sure your insurance program protects both the property and the income it generates.
Talk with our commercial insurance team about your properties.
