Commercial Property Cover

Comprehensive insurance cover for commercial property owners and landlords

Compare Commercial Property Owners Insurance

Whether your business owns factories, warehouses, office buildings or retail units our team of business Insurance specialist can provide you with quotes for a range of covers. Our Commercial Property Owners Insurance is designed with commercial landlords in mind with cover typically insuring against damage to the building and certain fixed contents, offering protection in the event of losses caused by incidents such as fire, flood, storm, lightening damage as well as accidental damage to name but a few. With commercial property insurance from The Insurance Octopus in place your landlord’s business is covered against a wide range of potentially unexpected events, enabling you to do what you do best: run your business.

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What your Commercial Property Insurance Policy includes

commercial office landing

Commercial property insurance can at times be a minefield of different covers. Each policy we sell is tailored to meet the customers’ needs. Insuring a commercial property is not massively dissimilar to insuring a residential property, however there are some distinct differences. Commercial properties are often not built of standard construction, (bricks, mortar, and stone and roofed with slate, tile, metal or concrete) where as residential homes more often than not are standard. Commercial buildings are often built with a flat roof and contain more complex wiring and electrical systems. Repairing a commercial property will often require more time and costs than a residential property. When quoting you for your commercial property owners insurance we will also look at the potential uses of your building and tenant types. With cover adjusted to match the level of risks that your tenants might pose to the property.

Property Owners Liability

Property Owners Liability might not seem necessary at first; with many landlords expecting their tenants to have their own public liability cover in place should an accident involving the public occur. However as a landlord and commercial property owner you are in fact liable should injury or property damage be caused due to negligence. This means if your property is not adequately maintained and a claim arises due to your negligence in maintaining the property, you will in fact be liable.
Our Property Owners’ Liability cover is available with limits of 1m, 2m, 5m or 10m.

Buildings Cover

Covering your building ensures that you are protected for the costs of repairing damage to the property or even a full rebuild as a result of an insured incident. Seen as one of the most critical parts of commercial property insurance, it’s essential that the sums insured are correct in order to avoid under-insurance. If you are under-insured, the sum declared will be lower than the actual cost of a rebuild. Meaning should a rebuild be required or even a less serious claim a reduction in payout may be due.

Landlords Contents

Commercial landlords are not responsible for any accidental damage caused to a tenant’s property and belongings. Anything that the tenant owns will need to be covered under their own business insurance policy. However your commercial property may include items such as commercial fridges which you as the property owner would seek to insure under your own policy.

Loss of Rent

Loss of rent cover can be included in any commercial property policy with it providing cover should your property become uninhabitable from an insured event such as a flood or fire. Loss of rent insurance will then reimburse your business for rent you would therefore be unable to collect from tenants. The period of cover will depend on the indemnity period set. Cover is available for 12, 24 or 36 months. Your indemnity period should be carefully considered, often with a worst case scenario in mind. It may for example take years to rebuild your property and find new tenants following a loss.

Legal Cover

With additional legal cover you can get help with covering the costs of legal action. This could come is use for example after taking court action for non payment of rent, evicting a tenant or defence of prosecutions.

Unoccupied Property Cover

Your property will likely face periods of being unoccupied. During these periods without tenants your property will be more susceptible to a variety of risks such as squatting and break-ins. We can therefore tailor your cover to include cover for the periods without tenants.
Typically insurers will allow a period of 30 days for the property to be unoccupied before requiring a specialist Unoccupied Property Owners policy this could for example be due to a changing of tenants. Remember to ALWAYS check the Terms & Conditions of your policy as some insurers need to be informed as soon as the building becomes vacant.

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Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm

Why you need Commercial Property Owners Insurance

inside a commercial property

Commercial property insurance provides comprehensive business cover for commercial property owners i.e. those letting out their properties for commercial/ business use. Disaster can unfortunately strike at any time, with little to no warning, but with the right cover in place and adequate sums insured our tailored insurance cover can provide unrivalled levels of peace of mind. As a property owner you’ll appreciate the list of possible perils can be extensive, including anything and everything from fire and floods to theft and accidental damage. So with these in mind, you’ll understand it makes good sense to ensure you have more than adequate insurance cover in place to cover your business should the worst happen.

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Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm


Why choose The Insurance Octopus?

Our insurance experts will discuss your business needs with you and look to compare quotes from major UK insurance providers. As Commercial property owners insurance brokers our policies can be tailored to suit your individual insurance requirements, ensuring you only pay for the cover you need. We can often provide your business with cover and insurance documents on a same day basis, in many cases. Speak to one of the team today for a quote.

Get your quote

Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm