Liability insurance is a crucial safeguard for commercial property owners, protecting them from costly lawsuits and claims. Here’s what it covers:
- Bodily Injury Claims
If a tenant, visitor, or contractor gets injured on your property, liability coverage handles medical costs and legal fees. - Property Damage
It covers damages caused to a third party’s property due to accidents on your premises. - Legal Defense Costs
Liability insurance includes the cost of defending lawsuits, even if the claims are unfounded. - Tenant Disputes
Some policies may assist with legal claims involving tenant agreements or disputes.
Investing in robust liability insurance ensures financial protection and peace of mind for property owners.
