Are you aware of, and have you declared your tenant’s business activities? If you’re not sure, please read on, because that’s the focus of this article’s insurance tips for property owners.
As a commercial property owner, there may be a number of different tenants conducting business from your premises. But are you aware of their exact business activities? Are these up-to-date on your commercial property insurance policy schedule?
It’s important to be aware that incorrect or missing details on tenant business occupations can have implications for your insurance cover. This is particularly relevant with the shift COVID19 has brought to our economy, pushing many businesses to innovate and tweak their core business activities.
We’re part of the Community Broker Network, and they’ve recently prepared an indepth article here that covers:
We would encourage you to read up if you want to know more about any of those specific topics, or if you think this might be relevant to your situation.
Not sure? Need a hand? We would be happy to discuss your needs, assess your current insurance solution and provide you with a quote. Just give us a call on (03) 5821 7655 or contact us here.