Commercial property insurance is another must-have for any business, whether you own or lease a building. Commercial property insurance protects your building and the equipment inside from many situations, such as fire, theft, natural disaster, or vandalism. You can also choose to cover lost income and additional expenses while your business isn’t in operation. Commercial property insurance also protects exterior items, such as an outdoor sign, landscaping, and fencing. The price of commercial property insurance is primarily dependent on the value of your business assets but also takes into account the location of your company, construction materials of your building, and your particular industry.
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