Commercial property insurance
- Recurring
The short answer
Offices, shops, industrial units
- Price from
- £500.00
- Time on site
- 30 minutes to 1 hour
What you get
You will receive tailored insurance quotes and expert advice to ensure your commercial property has comprehensive and suitable cover.
When do you need a Commercial property insurance?
You usually need to arrange cover before you finish buying a property or signing a lease.
- When you exchange contracts on a new building
- To meet your mortgage lender requirements
- If your lease says you must insure the unit
- Before staff or customers enter the building
- To protect your income if the building closes
What happens on the day
A broker will ask you questions to find the best deal for your business needs.
- Share the year the building was built
- Describe the roof and wall materials
- Provide an accurate rebuild cost
- List any security alarms or shutters
- Explain what work happens inside the building
- Mention if hazardous materials are stored
How to prepare
- Find your building rebuild cost figure
- Check the age of the property
- Note your roof and wall materials
- List all your security camera types
- Calculate the value of your stock
- Read your lease for insurance rules
- Check your previous claims history
- Gather your fire safety service records
How to improve your result
- Install a high quality burglar alarm
- Fit British Standard locks on doors
- Keep the building in good repair
- Add fire sprinklers to the property
- Choose a higher excess to save
- Bundle buildings and contents cover together
- Ask for a professional rebuild survey
Why it is useful day to day
Having the right policy gives you peace of mind while you run your business.
- Quick help if a pipe bursts
- Support if a storm damages the roof
- Cover for expensive legal claims
- Protection for your expensive stock and tools
- Money to cover rent if tenants leave
- Helps you meet your contract duties
Why we ask these questions
Your broker needs to know how risky the building is to provide a fair price.
- Rebuild cost is for bricks and labour
- Mention all types of business activities
- List all fire safety tools you use
- Explain if the building is ever empty
- Confirm who is responsible for the glass
Frequently asked questions
Often needed alongside
- Recurring
Landlord insurance
Buildings, contents and liability for let property
- Recurring
Block & leasehold insurance
Buildings cover for blocks of flats
- Recurring
Home (buildings) insurance
Buildings cover for owner-occupiers
- Recurring
Contents insurance
Cover for belongings
- Recurring
Residents' management company D&O insurance
Directors' cover for RMC and RTM boards
- Recurring
Property owners' liability
Public liability for owners and freeholders
- Fixed price
- Recurring
Reinstatement cost assessment
Rebuild value for insurance
- Recurring
Rent guarantee insurance
Covers lost rent if tenants don't pay