Commercial property insurance covers your buildings, contents, stock and plant against fire, flood, storm, theft and other insured risks. It's the foundation most other commercial cover sits on top of — and the policy most exposed to underinsurance when rebuild costs aren't kept current.
Any business that owns or leases premises, holds stock, or relies on plant and equipment to trade should hold commercial property cover. Mortgage and lease agreements usually make it a contractual requirement as well as a practical one.
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