Most commercial landlords will require that their tenants have up-to-date insurance coverage for Public Liability to protect themselves against any legal liability due to personal injury or property damage caused by the tenant or their business, Glass coverage for plate glass replacement, and, depending on the type of …

Can my landlord charge me building insurance?

The lease should state who is responsible for arranging and paying for buildings insurance. With most leases, the landlord arranges and pays for buildings insurance but then passes on the costs (or an appropriate proportion, in shared premises) either as part of the service charge or as a separately itemised charge.

What kind of insurance do I need for vacant land?

If you have an umbrella liability policy, be sure to add your vacant land to that policy as well, and update your liability if needed. If you don’t have a homeowner’s policy, you can purchase a separate vacant land insurance policy through an independent insurer. There is typically no deductible on these policies and the premiums are affordable.

What do you need to know about land insurance?

What Is Land Insurance? Land insurance is a form of property coverage that will cover a claim of bodily injury or property damage if someone has an accident on your property and you are found to be at fault. If someone files a lawsuit against you, it will also help to cover your legal fees.

What kind of liability insurance do you need for mobile equipment?

Many businesses use mobile machinery like forklifts or backhoes in their day-to-day operations. In commercial auto and liability policies, such machinery is called mobile equipment. Liability insurance for mobile equipment can be a little confusing.

What kind of insurance do I need for an equipment rental business?

The best way to find out what type of insurance you’ll need is by speaking with a reputable agent who has experience with commercial insurance. With that said, however, there are certain types of coverage that all equipment rental business owners should invest in: