Commercial Property Insurance
Commercial property Insurance provides cover to commercial buildings that you own. It can also cover the legal liability you may incur as owner of the property. Most Insurers cater for purely commercial risks and commercial/residential mixed units, for example ground floor shops, with residential or rental property above.
There are 3 central pillars to Commercial Property Insurance
• Cover for the Property (buildings and contents)
• Property Owners liability (public liability)
• Business Interruption
• Cover can be arranged on a specified perils basis (ie fire, storm, theft) or on all risks basis.
Cover can include:
• Fixtures and fittings
Property Owner’s/Public Liability
Provides protection against a legal liability to pay compensation in respect of personal injury to third parties or to loss or damage to their property
Business Interruption (loss of rent)
Covers a shortfall in rental income during the indemnity period selected (usually 12-36 months) following an insured loss under the property section of the policy.
Additional covers can include:
• Accountants fee’s
• Denial of access