Equipment Exposures

Office Buildings

The owner of an office building and/or office space provides useable space and "essential services" to their tenants. The tenants usually define "essential services" to include such things as heat, air conditioning, and ventilation as appropriate, electrical power, and a reasonable measure of security. If the owner cannot provide all of the services the tenants define as essential, the tenants may withhold rents and/or void the lease. Business interruption / income exposures can be substantially increased if equipment accessibility is limited, if a single large unit is used instead of multiple smaller units, or if there is no installed spare capacity.

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