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If you have your business equipment stole on someone else's property who is responsible for the loss?
Wiki User
∙ 16y ago
Title Geek Answer Your best bet is to consult your lease agreement. Most leases specify that the tenant (you) are responsible for business insurance coverage, not just for personal property, but also for liability. In most cases, you are going to be the party paying for the loss. You'd have to prove gross neglience on the landlord that resulted in your loss in order to recover damages from the landlord. (ie: the landlord left the front door unlocked, gave someone unauthorized access to your possessions, etc.) If you simply had your business equipment stored "off site" with no lease agreement, you most likely are paying the loss IF you are covered by insurance for that specific personal property. If you didn't have the items insured, then it would be out of pocket. Rarely does a homeowner's insurance policy cover business equipment unless you paid a higher premium for your policy. You should check that as well.
Wiki User
∙ 16y ago
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