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Without inlandmarine coverage, these businesses would face significant financial losses that standard property insurance doesnt cover. Despite its name, inlandmarineinsurance has nothing to do with boats. What is InlandMarineInsurance? Who Needs InlandMarineInsurance?
Your current insurance policies may not automatically extend to the new site, and additional coverage may be required. Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters.
Image courtesy: Unsplash Definition and Overview Commercial property insurance is a type of insurance designed to protect your business premises and the contents within from loss or damage. This type of policy covers a wide array of potential hazards, including fire, theft, vandalism, and certain natural disasters.
Think about the everyday operations of your business: – Are there physical locations that require protection from natural disasters or theft? By recognising these risks, you root your insurance decisions in the real needs of your business. – InlandMarineInsurance for transporting equipment and goods.
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