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Protect Your Commercial Property

A Quick Guide to Landord and Property Manager's Insurance

March 24, 2016

Landlords and property managers have many unique risks that only a trained and experienced agent can understand.  The term ‘Landlord’ is broad and can include those who manage rental property, apartments, condominium associations, and commercial property.


We offer both commercial and residential landlord insurance, and you can obtain a policy whether you need to cover a single rented property or a large property portfolio.


Here are the types of commercial insurance offered to landlords by Innovative Insurance Services, LL?C:


1. Building Coverage - Allows you to quickly rebuild or repair buildings or other property damaged by fire, theft, natural disasters, or other events. 


2. Business Personal Property Coverage - Covers costs to replace the contents in your building if they are stolen or destroyed by a covered unforeseen event.


3. Landlord liability - This is an important coverage and it is designed to protect you against claims made by a tenant or visitor for injury or damage caused by your property.


4. Business Income Coverage - Provides for continued income or lost revenues/rents while the building and its contents are being rebuilt and replaced. 


5. Building Ordinance Coverage - Covers the increased cost to comply with building codes, ordinances, or laws that have changed after your building was originally constructed. For example, under revised building codes you may now be required to install sprinklers which would increase the cost of construction. 


6. Outdoor Signs and Property Coverage - Covers the costs to replace outdoor fences, signs, trees, shrubs, or plants.


7. Equipment Breakdown Coverage - Covers loss due to failure or breakdown of equipment such as boilers, heating systems, and electrical equipment.



Innovative Insurance Services, LLC understands the value of good employees. We know that your day-to-day operations depend on their hard work, expertise, and dedication, and if you supply them with quality benefits and plans, they can work with the peace of mind assurance that they are properly protected.