Can You Get Renters Insurance for a Business?
If you’re renting property for your company, you can get business renters insurance to help protect it. This type of small business insurance
helps protect your property, team and operations.
Many small business owners can get this coverage with a Business Owner’s Policy (BOP)
. This combines three essential types of coverage that many small businesses need, such as:
- General liability insurance
- Commercial property insurance
- Business income insurance
BOP for Businesses at a Rental Property
Even for businesses at a rental property, a Business Owner’s Policy can provide protection. BOPs include commercial property insurance, which provides commercial renters insurance coverage. A BOP can help protect your business from:
- Loss of income due to covered property damage
Seguro de propiedades comerciales
Commercial property insurance
helps protect the owned or rented building, office space and equipment you use to run your business. This includes your business’:
- Personal property
So, if a fire, theft or other covered loss causes property damage to your rented space, this policy can help pay for repairs or replacements.
Be aware that a property insurance policy doesn’t cover every kind of damage. For example, if your business gets flood damage, your property coverages likely won’t help. Instead, you’d need to get commercial flood insurance
to help protect your business.
Seguro para ingresos comerciales
Business income insurance
helps replace lost income if your business can’t operate because of covered property damage. This includes damage from:
So, if your rented building gets damaged in a fire and you can’t open while repairs get made, this coverage can help replace lost income.
Seguro general contra terceros
General liability insurance
helps protect your business from claims that it caused bodily injury or property damage. These types of claims are common and can come up during normal business operations.
For example, if a customer slips and falls in your business and gets hurt, general liability insurance can help pay for their medical bills.
General liability insurance doesn’t cover every type of claim, though. You may also need other types of liability coverage, like:
How Much Is Renters Insurance for a Small Business?
Small business renters insurance costs vary. Every small business is different, so coverage needs and policy details will differ. An insurance company uses different factors to determine small business insurance costs
. This can include:
- Claims history
- Value of equipment
Get a Small Business Renters Insurance Quote
We’re an insurance company that understands every business has unique needs. We’ll help you find what’s best for your business so we can get you the right type of business insurance. To learn more about business renters insurance coverage, obtener una cotización