Commercial property insurance is essential to the Business Owners’ Policy (BOP). Whether you operate your business on your property, leased premises, or home, this coverage secures your business’s physical assets from a wide range of covered perils. However, with the constantly increasing commercial property insurance rates, taking specific measures that reduce your insurance premiums must be your priority. While discussing
Signing a contract with a waiver of subrogation clause allows one or more parties doing business together to give up the right to sue each other. Here’s a look at how the provision can impact your commercial property insurance coverage. Where is a Subrogation Clause Used? Your commercial property insurance policy will most probably include a subrogation provision. The clause