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Geraldine Said:

What is business building insurance and how do I find it at a good price?

We Answered:

It's insurance for a building that is not a traditional, primary home. Obviously, that leaves it WIDE open.

You find a good price, by contacting several local agents, and getting several quotes. A "good price" is a very relative term - it's going to matter a WAY LOT, the location, protection class, construction, age, prior loss history, condition, and what EXACTLY it's being used for.

Ruben Said:

Can an agent invoiced me of a Building Insurance of period since 3 years ago ?

We Answered:

You must pay what is owed. You were covered during that time, therefore, you must pay for the coverage. With commercial insurance, if you don't pay, they will not only cancel you, they will go after the money with a collection agency. You cannot get out of this without it adversly affecting your credit and future ability to attain coverage from a reputable insurance company.

My question to you would be, if you didn't receive an invoice in that length of time, why didn't you ask for one? If I don't receive a bill from my electric company, I call them.

Kathleen Said:

How to treat prepayment for insurance in year of cessation of the business?

We Answered:

Pre-payments == assets (some fraction may be recoverable)

Tim Said:

For business premises worth $100,00,000, what will be the insurance premium if it is insured for 15 years.?

We Answered:

I am a licensed insurance agent specializing in real estate and construction.

I would very happy to provide you with a free quote, but will need a bit more information than this.

Please email me your contact information and best time to call.

Christy Said:

What kind of insurance for a business?

We Answered:

You can take out coverage of improvements that you have done and also for personal effect and liability. The last would afford him coverage if your actions set the place on fire. I think that is probably what he means, He is probably no insurance expert and just said what sounded right to him. You will be covering the building in a sense if you actions did damage to it through your liability policy ( general Liability or Business Owners Policy) Good Luck with the restaurant.