Commercial Insurance

Commercial insurance is coverage designed to protect businesses from various risks, including financial losses due to property damage, liability, theft, employee injuries, and other unexpected events. It includes policies like general liability, property insurance, workers' compensation, and business interruption insurance, tailored to fit the needs of different industries. This type of insurance helps companies manage risks and ensures they can continue operations despite setbacks. 

Commercial condo insurance, also known as commercial condominium insurance, is a specialized policy designed to protect commercial condominium units and their owners. This insurance typically covers property damage, liability, and other risks associated with owning or operating a business within a condominium complex. 

Here’s a breakdown of what commercial condo insurance typically covers:

1. Building Property Coverage: Covers damage to the interior of the unit, such as walls, fixtures, and installations, which the owner is responsible for maintaining.
   
2. Business Personal Property Coverage: Protects the contents within the unit, like furniture, equipment, and inventory, from events like fire, theft, or vandalism.
   
3. General Liability Coverage: Provides protection if someone is injured within the unit or if property damage occurs for which the unit owner could be held liable.

4. Loss of Income: May cover lost income if the business is temporarily closed due to a covered event (e.g., fire damage).
   
Commercial condo insurance typically complements the insurance provided by the condominium association, which usually covers common areas and the building structure as a whole. The condo owner’s insurance fills in the gaps for individual units and business operations within them.