Commercial liability insurance for commercial tenant

[Robin Evans]

Hi BP friends we have a small mixed use property and plan to rent out one of the rooms downstairs to a small business owner and use the rest of space for our own business. We still plan to sign a full commercial lease with the tenant although it is a small space. The space does have its own lock and be separate from our space, in the same building though. We will share the same restroom. In our formal commercial lease, it says tenants need to carry general commercial liability insurance with minimum limits of $1 million for personal injury or death per person, not less than $500,000 for property damage  and list us as additional insured. Just wondering if we should reduce the required amount a bit due to the small size of the space? Anybody has similar experience?  Any thoughts are appreciated! Thank you!

[Michael Smythe]

Liability isn't dictate by property size! It's dictated by risk.

How is a smaller property going to result in less risk?