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Commercial Tenant Insurance
Jerome Said:
commercial property?We Answered:
There is some coverage for businesses that are subjected to unforeseen events which cause their business to be closed or something happens where their customers cannot get to the business to buy goods.This business interruption insurance helps cover the shortfall in earnings.
However, I don't think you'll find many commercial policies willing to pay for failure to pay rent.
You just need to make sure you carefully check the prior lease/rental history of your potential tenant.
There are many services that offer reports on the credit history of businesses.