While your property owner or landlord is responsible for having insurance on the physical building or property, it’s essential that you have your own commercial office space insurance. Your landlord’s renter’s insurance may not protect your business if something were to happen to the property. Office content insurance helps protect employees, belongings and mishaps that could be your business’ responsibility.

More and more landlords today are requiring insurance from their commercial tenants. Oftentimes, you will not be allowed to rent commercial office space without a certificate of liability from your insurer. Businesses have access to a number of insurance types to protect them from lawsuits or catastrophic events.

Types of Insurance for Your Office Space

Commercial Property Insurance

Commercial property insurance is essential for businesses, whether they own or lease a space. This insurance covers damaged equipment, signage, inventory and furniture, as well as the cost to clean debris in the event of a fire, storm or theft. Massive natural disasters, like hurricanes and floods, are generally not covered under standard property insurance policies.

Professional Liability Insurance

Professional liability insurance, also known as errors and omissions insurance, offers protection for your business from claims of negligence related to a professional service. Consultants, attorneys, engineers, architects, counselors, accountants and real estate agents are just some of the types of businesses that choose professional liability insurance.

Business Auto Insurance

If your business has company vehicles, those vehicles should be insured to protect your business against liability in the case of an accident, collision or injury.

Workers’ Compensation Insurance

Workers’ compensation should be added to a company’s insurance policy immediately. Workers’ compensation covers medical treatment, disability wage costs and death benefits in the event that an employee suffers or dies from a work-related injury or illness.

Business Interruption Insurance

If your business’ operations are interrupted due to a catastrophic event or a natural disaster, business interruption insurance would compensate your business for its lost income during the events.