New and existing business owners in Cumberland, MD looking to establish a strong business presence – without committing to purchasing a business property have options. Learn what every business owner should know about commercial leasing from the insurance experts at Knippenberg Insurance Inc.
What is Commercial Leasing?
A commercial lease operates almost like a residential lease with a few key differentiators. Commercial leases are legally binding agreements that allow business owners, known as tenants, to rent out a commercial space for a specified lease term.
Examples of Commercial Properties Typically Available for Lease:
- Distribution Centers
- Office Spaces
- Retail Locations
- Shopping Centers
- Warehouses
Commercial Leasing Responsibilities for Business Owners
Local business owners entering into commercial leases should clearly understand the terms and responsibilities of their prospective leases – before signing on the dotted line. Not adhering to crucial lease provisions can result in early lease terminations or fees that can devastate your bottom line.
Most commercial leases will have provisions that require the primary leaseholders to secure adequate commercial insurance to protect themselves, the business, and the leased property from devastating perils, which can include property damage claims, legal claims, damage from natural disasters, lost inventory from theft, vandalism, and cyber theft.
How to Get a Commercial Insurance Policy in Cumberland, MD
If you’re ready to enter into a commercial lease and need to invest in business insurance to seal the deal, contact the commercial insurance professionals at Knippenberg Insurance Inc. in Cumberland. Our trusted and knowledgeable insurance agents understand the needs of local business owners and can help you select the best policy that can include critical features like business interruption insurance, workers’ compensation insurance, and commercial auto insurance.
Contact us today for a quote!
