The owners of a new company found a building on the market for an affordable price, so they bought it. Built in the 1940s to manufacture aircraft for the war effort, the metal structure had a large open space. The company occupying this space was in the software development business and the building was much…Read more
Insurance For Green Commercial Buildings
A study by the U.S. Green Building Council estimated that environmentally-friendly, or “green” construction, would grow at a compound annual rate of 9.5 percent between 2014 and 2019. Traditional property insurance products do not adequately cover these innovative construction methods and materials. In recent years, the insurance industry has unveiled new coverages to help cover…Read more
Does My Insurance Policy Cover Riot Damage?
Civil unrest can occur anywhere – from big cities to a small-town community. Looting, theft, and vandalism are possible in the midst of the mayhem. But if something happens to your home or business as a result – will your homeowners’ insurance or business insurance cover it? Homeowners Insurance Standard home insurance policies are in…Read more
The Wrong Way to Insure a Commercial Building
When it comes to insurance, most people think about insuring their personal belongings such as their home or automobile. But what if you owned an entire office building or leased space within an office building? What type of insurance would you need then? Commercial Building Insurance If you own a commercial building, the need to…Read more