For commercial property insurance, the type of tenant is important.
A building rented to an accounting office may present a different risk from a building rented to:
- Restaurant
- Bar
- Auto repair shop
- Contractor
- Manufacturing company
- Daycare
- Medical office
- Warehouse
- Cannabis-related operation
- Beauty or wellness business
Insurance companies evaluate the hazards created by the actual occupancy.
Notify your insurance agent when a tenant changes.