How commercial property risk is changing for most owners

Commercial property risks evolve due to factors like severe weather, rising repair costs, renovations, and changes in use. Insurance coverage should be regularly reassessed to reflect current rebuilding costs, property condition, and operational changes. Key areas to review include business interruption, equipment breakdown, renovations, and liability. Maintaining records of upgrades and maintenance supports risk management and helps identify coverage gaps, ensuring protection aligns with today's risks.