"Damages To Premises Rented To You" vs. Commercial Property Insurance

Damages To Premises Rented To You is limited liability coverage for fire damage to a landlord's property that your business accidentally causes, while Commercial Property insurance is a broader policy that covers the rented or owned structure, the  business's owned physical assets and improvements. The former is part of a general liability policy and covers what you are liable for, whereas the latter covers the structure, your owned property, such as inventory, furniture, and any improvements you've made to the space. 

Damages To Premises Rented To You (under General Liability)

• What it is: Liability coverage for accidental damage you cause to the property you rent.
• What it covers: Typically, only fire damage to the landlord's property, though some policies may cover other perils for short-term rentals. 
• What it excludes: Non-fire related physical damage to the structure, your own business property, like furniture, equipment, or inventory, and damage from certain natural disasters like floods or earthquakes. 
• Who it protects: The landlord from claims you are legally responsible for. 

Commercial Property Insurance

• What it is: A policy designed to protect physical damage to the building and  its contents - your business's own physical assets.
• What it covers: Rebuilding the structure, your own business's personal property, including furniture, equipment, inventory, and "betterments and improvements" you've made.
• What it excludes: Liability to third parties for property damage (which is covered by General Liability). 
• Who it protects: Your business from the costs of repairing or replacing your own business property and rebuilding the physical structure. ​

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