Commercial property insurance covers the building and items that you own or lease against such perils as fire, explosions, theft, and vandalism.
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...
61 That said, existing key performance indicators and return metrics in cash flow modeling may still fall short of fully capturing future climate risks including carbon pricing, soaring insurance costs, penalties, elevated vacancies, risk of stranded assets, and the increased cost of capital. If ...
A commercial invoice is a document to determine the duties and taxes payable. Learn everything you need to know about commercial invoices here.
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...
We understand risk and how to manage it. As your risk management partner, we serve as an extension of your team. Let us help you protect the future of your business and commercial property. FAQs How do you determine the proper replacement cost of a building or structure?
Buying, or improving, your commercial property, are both examples. Accordingly, this type of expense is usually deductible over several years as capital cost allowance (CCA). If you sell a commercial property, you must report the capital gain or loss on your income tax return. In essence, ...
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...
With an increase in the number of natural disasters, weather conditions in the area where the building is located have also become an important factor in determining the cost of commercial property insurance. Commercial insurance rates are generally higher for properties located in the vicinity or in...
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...