Commercial property insurance covers the building and items that you own or lease against such perils as fire, explosions, theft, and vandalism.
Commercial general liability (CGL) insurance is a type of policy that provides coverage to a business for bodily injury, personal injury, and property damage arising from the business’s operations, products, or injuries that occur on the business’s premises.1 Commercial general liability insurance...
Common consequences of not carrying commercial property insurance include the following. Bankruptcy: If you have a fire loss or other large claim, it could cost your business millions of dollars to rebuild without insurance. Your business could be forced to close and declare bankruptcy after a huge...
Even for property sectors that have become more embattled of late, owners and investors who have held those assets for longer time frames have likely accumulated enough valuation growth to have been insulated from the latest declines. For instance, on average across the 20 largest metropolitan areas...
Double net lease: The tenant pays property taxes, insurance premiums, and rent. The landlord takes care of maintenance costs. Triple net lease: This type shifts the most costs to the tenant, requiring them to pay property taxes, insurance, and maintenance costs on top of their rent. This ty...
A new report from Yardi Matrix found that although rising insurance costs for affordable housing are decelerating, they remain substantially above average. News Why Fed Officials Keep Dodging December Rate Cut Question Erik Sherman|December 05, 2024 ...
Our Real Estate and commercial Property insurance has been created to cater for all investors in real estate, whether you rent out a single property, or those with a significant property portfolio. Specifically designed to manage the potential risks you could face, the expertise of our real estat...
Business Industry CategoryAverage Monthly Commercial Auto Insurance CostAverage Annual Commercial Auto Insurance Cost Auto Services $69 $828 Media and Advertising $92 $1,104 Wholesale $102 $1,224 Building Design $122 $1,464 Nonprofits $123 $1,476*Cost information is according to aggregated Insureon...
2018 estimated commercial property taxes per $1000 of assessment Vancouver: $10.85 Saskatoon: $14.91 Regina: $16.55 Calgary: $19.43 Edmonton: $21.22 Toronto: $24.04 Winnipeg: $24.05 Ottawa: $27.72 Halifax: $33.74 Quebec City: $36.09 Montreal: $37.76 These figures reflect municipal averages. In...
These new technologies will create new forms of risk requiring protection, and the resulting insurance value pool could be worth up to $15 billion, concentrated in property as well as energy and construction specialty lines. However, the renewable energy line of business has not been parti...