This policy is referring to commercial buildings that are leased or rented to other businesses or companies to include office or industrial uses.
Of primary concern is seeing that the building is to repaired or replaced to its original state. This makes it critical to ensure that an accurate reconstruction costs is arrived at for the building limit and that building ordinance coverages are included. In order to offset inflation occurring from widespread local or regional occurring perils (brush fire, earthquake) it is important to include an extended replacement cost endorsement that will increase the limit of 25 to 100% above the stated limit.
A key coverage is also sufficient limits for Business Income, which in this case refers to monthly rents that are lost due to damage to the building from a covered loss like a fire, which make it not possible or practical for lessees to continue occupying their space, and likewise not pay the monthly lease.