What Is Commercial Property Insurance?
- Wine bars
- Logistics hubs
Need a commercial property insurance quote? Let the independent specialists at your local Coversure compare their markets to find you quality business buildings insurance protection. Your local Coversure office can offer you a simple solution to even complex commercial property risks, so start your quote today
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Regardless of their use, all properties are at risk from accidents, damage, or destruction by fire or explosion, and you need to insure against these risks. With business premises, there’s the added risk of a loss of income should your property become unusable. You may also need to protect assets such as stock, supplies, customers’ goods, tools, or office equipment.
The main differences between commercial property insurance and other forms of property cover, home or landlord insurance, for example, are the building and its usage. Commercial buildings are often made of specialist, sometimes non-standard construction to suit their usage. They may have corrugated iron or plastic roofs, loading bays, inspection pits, or large, plateglass windows. They are also used in different ways. A factory or manufacturing plant will house machinery, a shop will have people coming and going, and a delivery hub will have trucks coming and going and people using forklifts and other plant equipment, for example.
A commercial property policy offers a package of protection that allows you to cover multiple risks on a single policy*, including:
The best way to find out how much protection you need is to contact your local Coversure. They’ll be able to advise you as to what you need and create a package of Commercial Property cover for you.
Business buildings insurance can be a complex area of cover, so to help you get the protection you need, here are the answers to some frequently asked questions:
That will depend on several factors, including:
Getting a quote is easy. Contact your local Coversure office, and they’ll be happy to give you all the advice you need and provide you with a no-obligation business buildings insurance quote.
We can insure a wide range of business premises:
These are just some of the types of commercial property we can cover. If you have something else in need of cover, then please get in touch with your local Coversure office today.
Most policies will not include cover for:
No, but as we’ve outlined above, it covers several potentially costly risks, so it’s well worth having. It also may be a condition of your mortgage agreement, so you may want to check it with your lender.
The premises owner should take the policy out, not the tenant.
If you’d like a Commercial Property Insurance quote from Coversure, please contact your local Coversure office or start your quote here. Our independent brokers will search their markets to find you the right policy at the right price to keep your business protected.
* Policy information is correct at the time of writing. Policy details, limits, and exclusions are subject to insurer’ changes. When taking out a policy, your local Coversure office will be able to advise you of the specifics of your cover.