If you are running a business then you need public liability insurance. Because in business many losses occur. This loss may be caused by nature or sometime manmade. Apart from these loses there are also some other important thing that come under this insurance like, if your property acquired by third party then this issue will covered by the insurance company. For more information on insurance and their benefits you may visit http://austwideinsurancebrokers.com.au/.
Due to the natural damage or some manmade accident may affect any third person then, it may be possible that the third person may file an FIR against you . In such situation the landlord insurance become very helpful to you.
What does landlord insurance cover:
- Property damage: This covers your building from fire storm damage, theft and tenant damage. Property damage covers the entire the replacement loss.
- Liability insurance: This coverage protects you from the labiality loss. This will protect your from body injury clam that occur on your property.
- Loss of income: If your income loss due to fair then this compensation will provide by the insurance company. If your data may lost due to any disaster then insurance company will recover the loss.
- Optional coverage: You can buy other additional insurance like rant guarantee insurance, employee liability insurance and landlord contact insurance to cover your personal property insurance.