Commercial Property insurance covers buildings, a business’s property (“contents”) and the property of others that the business has in its custody. Business Income is another piece of this coverage, and this replaces income that is lost when a business suffers a loss and cannot operate to generate profit or pay its own bills. Building coverage also includes any permanently installed (“attached”) machinery and equipment, outdoor fixtures, items used to service the property and any additions that may be under construction, along with any supplies or equipment used for the addition. Contents coverage also covers rented property the business must insure. Specialized commercial property policies are available for buildings under construction (“builders risk”) and commercial condominium (“outside the wall”) owners and associations.
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