Managing any rental property is full of responsibility, major decisions and lots of hard work. Owning a strip mall or shopping mall can be stressful with day to day operations including such tasks as preventing damage and injury tenants and visitors. Tenants who run their businesses depend on the landlord to ensure that their place of business is always safe and presentable for their customers.
Your goal, as an owner of real estate property, is to eliminate as many potential risks as possible. This is easier said than done, especially when fast food establishments and coffee shops are working with hot grease, hot water, and other substances that can increase the chance of fires. Other risks include regular property damage, damage from vandalism or accidents and injured employees.
Let’s face it. We don’t live in a perfect world these incidents occur everyday without advanced warning. Being adequately protected with insurance is most likely the only way to have the peace of mind necessary to be free to focus on the nuts and bolts of your real estate business.
Strip mall insurance covers a wide variety of risks:
- General Liability Coverage.
- Property (including structures, contents and boiler and machinery)
- Workers’ Compensation.
- Income Coverage.
These are just a few of the coverage’s that are available. Shopping mall insurance not only protects you, the property owner, it’s also assurance to your tenants that you will have the wherewithal to get your building back into business should the tragedy of loss occur. You will benefit from an extensive and specifically tailor made policy that covers the widest range of potential hazards possible.
Whether you’re renting out to mom and pop type establishments or to chain retail operations, shopping plaza insurance is an investment that will protect you and help your tenants maintain the look and value of their businesses as well. Take the first step to better peace of mind and contact O’Connor & co. Insurance Agency, Inc. today for a free quote.