A fire can cause catastrophic damage to a commercial building in a matter of minutes. Whether you are the business owner or the property owner, losing the assets you had invested in can be devastating. But what is your liability for damages incurred by a fire when you own the building different than if you’re leasing it to conduct your …
The National Fire Protection Association’s latest statistics show that non-residential structure fires, which include retail and office properties, accounted for 22,000 reported fires and caused $209 million in damage in 2019. When it comes to liability for property damage after a fire, a tenant of a commercial rental property has a greater responsibility for those damages. If it’s determined that …
