Read more: Climate change likely to increase frequency, severity of hurricanes – AIR Worldwide
Natural catastrophes, however, are not the only instances that pose a huge threat to a commercial property. Man-made events such as fire, burglary, theft, water damage, and vandalism are also some of the main risks that could cause massive disruption to businesses.
This is where commercial property insurance comes into play. This type of coverage helps minimize the financial impact of the damage certain natural and man-made disasters cause to a company’s real estate and on-site physical assets.
How does commercial property insurance work?
Commercial property
