Question: What kinds of insurance are relevant to a commercial lease?
The insurance that is relevant to a commercial lease will commonly be contained within the insurance clause in the commercial lease itself.
Several kinds of insurance are available to cover the risks of leasing a commercial space, including property and liability insurance, rental interruption insurance (this covers you if your business is unexpectedly interrupted, such as would happen after a natural disaster), and leasehold insurance (this coverage protects you if your lease is canceled due to circumstances beyond your control and you have to rent elsewhere at a higher rent).
You will need to assess each type of insurance coverage in the context of your lease and your landlord’s requirements, your business needs, and the property itself – and negotiate accordingly. An insurance broker can help too, especially when it comes to choosing adequate levels of coverage. Otherwise consult with a leasing lawyer and let them know about your insurance query and they can include the appropriate insurance in your lease agreement.