Let's Talk Commercial Property Insurance Coverage

Getting Started
1

Hello!

I’m looking into finding a new insurance provider to cover my commercial property but have a very specific - not so common - scenario regarding “entrusting property to a 3rd party”. My studio operates autonomously, so guests check themselves in and out without anyone directly on premise to oversee (although we do have a plethora of security cameras and high tech locks etc.)

We had a difficult time finding a provider that would include coverage of theft/damages in this specific scenario without someone from our company being physically present, but did manage to find one provider that would include this. We are interested in exploring other options though, so that’s why I’m here.

My question is for those of you who are also operating remotely in this way and if you have found providers that would cover your property for theft/damages when entrusted to a 3rd party and bonus points if you’ve had something stolen/damaged without you being on premise and your insurance provider actually had your back at that time.

Would love to hear about your experiences and any recommendations would be greatly appreciated!

Thanks,

Garrett

2

I have Liberty Mutual and help with insurance and theft but there is a deductible.
@Brad_B can you shine some light here?

3

Following; I do have commercial insurance but it’s always vague as to whether my guests are covered when they rent.

4

@Garrett_C What insurance did you end up going with? Are you happy with it? Would love to hear more about this experience with insurance. Thanks!

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