Navigating Insurance Requirements in Commercial Leases

Signing a commercial lease is an exciting milestone for any business, but before you finalize the agreement, it’s crucial to understand the insurance requirements outlined in the lease. At Bajorek Agency Inc. in Rochester, NY, we help business owners navigate the fine print of lease agreements to ensure they have the right coverage in place and can move forward with confidence.

What Your Lease Might Require

Many commercial leases include specific insurance requirements, which can vary depending on the landlord, the type of property, and the nature of your business. Typical requirements include general liability insurance, property insurance, and business interruption coverage. Additionally, some leases may require tenants to name the landlord as an "additional insured" on their policy, adding another layer of complexity.

Understanding these requirements—and why they matter—is essential. If an incident occurs on the property and your insurance doesn’t meet the lease terms, you could be held responsible for damages or even violate your agreement.

Why the Right Policy Matters

Having the proper insurance isn’t just about fulfilling lease obligations—it’s about protecting your business from financial loss. The right policy can cover a range of scenarios, from slip-and-fall accidents to property damage caused by a fire or storm.

At Bajorek Agency Inc. in Rochester, NY, we’re here to help you understand your lease’s insurance requirements and find coverage that fits both your agreement and your business needs. If you’re reviewing a commercial lease or have questions about your current policy, contact our team today. We’ll help you safeguard your business from the very start.