Not every business needs to purchase a building, especially if it doesn’t anticipate staying in one place forever or if it isn’t planning on scaling to the point where it could justify owning a whole building. Of course, without owning the building that you’re planning on conducting business in, you’re not going to need insurance for it, correct? You’re not responsible for anything that happens inside of it or to it, right? It’s not quite as simple as that. Before you forgo commercial insurance for your leased building, take a look at what we have to say. Once you’re ready to cover your business, we’ll be here at Foresee General Insurance Agency Inc. in Harrison, AR, to help!

Is It Necessary to Have Commercial Insurance for a Building You Rent? 

While it’s true that your landlord is going to have insurance, this type of insurance coverage only protects them for damage to the building. It does not cover you in any capacity, and you’re still on the hook if something happens to the building that is directly caused by you. The reality is that all businesses need commercial insurance for a leased building. Commercial insurance covers you if there are any injuries on the property (which a landlord’s insurance won’t pay for); it will protect your business equipment and inventory should something happen to the building; and it will make it a lot easier to secure leased spaces, since many rental agreements may require you to have an insurance policy to rent. 

Get Your Commercial Insurance With Foresee General Insurance Agency Inc. 

Here at Foresee General Insurance Agency Inc. in Harrison, AR, we’re always ready to help you discover your commercial insurance options so that you can buy a policy with confidence and save time in the process. Compare quotes with us now!