Commercial Property Insurance

The key differences are:

• Commercial Landlord Insurance focuses on protecting a landlord’s financial interests in leasing the property to tenants (including rental income and tenant-related risks).
• Commercial Property Insurance focuses on the physical property and the contents inside it, regardless of whether the building is rented out or occupied by the owner.

In the UK, commercial property refers to any property that is used for business purposes. This includes:

• Office buildings – Commercial spaces used for administrative or professional purposes, such as office blocks or coworking spaces.
• Retail properties – Shops, high street stores, shopping centres, and other retail locations where businesses sell goods or services to customers.
• Industrial properties – Warehouses, factories, and distribution centres used for manufacturing, storage, or logistics.
• Hotels and hospitality properties – Hotels, B&Bs, guest houses, and other accommodation establishments operating as businesses.
• Multi-tenant residential properties – These can be apartment blocks or properties with multiple rental units, often owned as an investment by landlords.
• Mixed-use developments – Properties that combine both residential and commercial elements, such as a building with shops or offices on the ground floor and flats above.
• Land – Agricultural or commercial land used for business purposes, whether that’s farming, leasing, or development.

While commercial property insurance typically covers damage to buildings, contents, and business equipment, there are several common exclusions depending on your policies specific wording. These could include things like wear and tear and natural disasters.

• Shops
• Offices
• Cafés
• Takeaways
• Pubs
• Wine bars
• Restaurants
• Warehouses
• Factories
• Logistics hubs
• Pharmacies

Getting a quote is simple. Get in touch with our friendly team and they will be happy to give you advice and provide you with a no-obligation commercial property insurance quote.

The premises owner should take out the policy, not the tenant of the building.

The cost of Commercial Property insurance can vary depending on various factors. It’s best to obtain quotes tailored to your specific business needs to determine the cost accurately.

The cost will depend on a number of factors including:

• Your claims history
• The size of the business and its turnover
• The value of the building and the assets within it
• The level of risk associated with the business’s activities.
• Where it is
• It’s level of security
• Whether it’s occupied or vacant
• Whether it’s at risk of flooding
• Its overall condition