A commercial building is one where your business is housed. Whatever is the type of your business, be it manufacturing, sales, retail, or any service, there is certain quantum of risk for which insurance is essential to protect your commercial building against diverse risks.
This is where commercial building insurance comes into picture. This insurance is required by those who have put their money in the building meant only for commercial (business) purposes. It protects the businesses against the risks such as fire, natural hazards, vandalism, etc. that can destroy or damage the commercial building.