What type of business insurance do I have need of?
I plan on renting space to masseuses to provide bench massage to clients. What types of insurance do I necessitate as the renter and owner of the property?
Answers:
IF the simply point you're renting is the space, you obligation "owner, tenant & tenant" style broad liability. If you're ALSO renting the bench to them, you'll call for a rental equipment liability type policy, and you might want to insure the stool, also.
A local agent can bring you set up beside the proper coverage type.
AAA auto inserance
You stipulation nonspecific liability (GL) insurance & property insurance (a "business owners policy" or BOP), but also you stipulation to require your tenant to take GL insurance too, and workers comp insurance. Otherwise you could catch stuck if they enjoy a problem.
Definitely entail building casualty insurance as owner
Also liability insurance in grip someone is hurt and your tenant dont hold satisfactory insurance and they sue you.You have need of that as tenant and owner.
As renter you will necessitate contents insurance.
A standard property and liability policy should do it for you, but you must also be sure to capture a "tag of insurance" (ask your agent) from the renter,in skin they hurt someone, you'll be guaranteed that they are insured.
JeffyB have the right answer; construct sure you win certificate from your tenant that they enjoy coverage contained by force.
Be aware that secure GL or BOP policies for commercial property enjoy restrictions for the TYPE of businesses that rent your property; sort sure bench work is an suitable business. I'd guess they'd lump them next to medical and doctors office, but I could be wrong. Good luck.
IF the solitary item you're renting is the space, you entail owner, innkeeper & tenant style nonspecific liability. I found interesting information just about your answer ( business-insurance) here. http://all-insurance-online.blogspot.com... Good luck!
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Answers:
IF the simply point you're renting is the space, you obligation "owner, tenant & tenant" style broad liability. If you're ALSO renting the bench to them, you'll call for a rental equipment liability type policy, and you might want to insure the stool, also.
A local agent can bring you set up beside the proper coverage type.
AAA auto inserance
You stipulation nonspecific liability (GL) insurance & property insurance (a "business owners policy" or BOP), but also you stipulation to require your tenant to take GL insurance too, and workers comp insurance. Otherwise you could catch stuck if they enjoy a problem.
Definitely entail building casualty insurance as owner
Also liability insurance in grip someone is hurt and your tenant dont hold satisfactory insurance and they sue you.You have need of that as tenant and owner.
As renter you will necessitate contents insurance.
A standard property and liability policy should do it for you, but you must also be sure to capture a "tag of insurance" (ask your agent) from the renter,in skin they hurt someone, you'll be guaranteed that they are insured.
JeffyB have the right answer; construct sure you win certificate from your tenant that they enjoy coverage contained by force.
Be aware that secure GL or BOP policies for commercial property enjoy restrictions for the TYPE of businesses that rent your property; sort sure bench work is an suitable business. I'd guess they'd lump them next to medical and doctors office, but I could be wrong. Good luck.
IF the solitary item you're renting is the space, you entail owner, innkeeper & tenant style nonspecific liability. I found interesting information just about your answer ( business-insurance) here. http://all-insurance-online.blogspot.com... Good luck!