Distinguished

MAY 19, 2025

Why Restaurant Need a Business Owners Policy Restaurants are fast-paced, high-risk environments that face frequent challenges from customer injuries and equipment breakdowns to power outages and spoiled inventory. A BOP is an efficient way to safeguard against these operational risks with one comprehensive policy.

Policy

Distinguished

JUNE 16, 2025

For example, an HOA policy typically covers: Common property: Covers any common property owned by the HOA, such as communal buildings, shared roofs, lobbies, hallways, etc. Commercial Property Coverage The HOA should be insured for at least the value of the common area buildings, like clubhouses and maintenance facilities.

Liability

Property Insurance Centre

MAY 20, 2024

However, block of flats insurance is classed as commercial property , and Terrorism cover is often excluded. The residential property management team should carefully consider whether the terrorism cover is necessary, which may be determined by the lease terms, mortgage company requirements, or the property’s location.

Building