A comprehensive commercial realty insurance policy typically includes:
- Commercial Property Insurance: Covers the building structure, common areas, fixtures, and on-site equipment against fire, water damage, theft, vandalism, and other insured events.
- Commercial General Liability (CGL): Covers third-party bodily injury and property damage connected to your building operations i.e., tenant and visitor injuries in common areas, slip and falls, and related liability events.
- Loss of Rental Income: Reimburses rental revenue lost if your property becomes temporarily uninhabitable due to an insured loss helping you meet mortgage and operating obligations during restoration.
- Equipment Breakdown: Covers sudden and accidental mechanical or electrical failures of HVAC systems, boilers, elevators, electrical panels, and other critical building equipment.
- Cyber Liability Insurance: Covers costs from data breaches affecting tenant information held in your property management systems.
