Top Housing Insurance Coverages
For any owner of commercial property, insurance is crucial. This is particularly true for residential building owners. If you own low or mixed-income housing buildings, then you may need specific insurance options from quality groups like Housing Insurance Services Inc. When it comes to coverages, there are two primary coverages that you need to consider.
Commercial property coverage protects your housing complex against fire, storms, theft, vandalism and burst pipes. In most cases, this type of coverage does not include earthquakes or flood insurance. However, you can choose add-ons for your policy. For instance, some policies might allow you to add on equipment breakdown and coverage for computer equipment.
The risks associated with performances and entertainment are unique and incredibly varied. Because of the individualized nature of events such as concerts, film and television production and dance performances, there are many risk-related concerns in the entertainment industry. Since the field of entertainment often includes live activities that are unpredictable or high risk in nature, there are several different kinds of entertainment insurance policies that you might want to consider.
Commercial General Liability
This is coverage provided to a business for property damage, bodily injury or personal injury that is caused by the company’s operations or production.
Entrepreneurs face a variety of concerns when starting up their businesses. A New Mexico business liability policy may not be a top priority at first but maybe it should be. Insurance protects the financial assets of the fledgling company and helps retain the customers already gained.
All states require a workers compensation policy if you have employees. If you have not hired anyone but plan to, you should have a quote drawn up to better budget for the necessary insurance.
However, you purchased the company’s property, it can be expensive to replace if there is a fire, vandalism or theft. Renting or owning an office or warehouse space makes commercial property insurance a must have.