Commercial property insurance covers the cost of repairing or rebuilding your business premises, or replacing your stock or equipment. It covers you against risks such as:
There are two types of commercial property insurance:
Buildings insurance covers the cost of repairing or rebuilding your business premises if damaged or destroyed.
Buildings insurance is not required by law, but most mortgage providers will insist that you take out a policy before they give you a loan.
Even if you own your business premises outright you should still consider buildings insurance to cover you against the cost of repairs or rebuilding your property.
If you rent your business premises, buildings insurance is your landlord’s responsibility – but you may consider taking out contents insurance to protect your stock and equipment.
You should always insure your business premises against the cost of rebuilding the property, not against its sale price or current market value.
Most building insurance policies will not cover you for:
Contents insurance covers the cost of replacing your business’s stock or equipment if it is damaged or stolen.
Valuing your stock and equipment
If you are taking out contents insurance you should insure stock against its cost price, not its sale price. If there are times when you have more stock on your premises than usual, for example in the run-up to Christmas, you should make sure your insurance covers this.
There are two types of contents insurance policy for business equipment:
Business interruption insurance covers you if you cannot do business as normal as a result of an event that causes damage to your premises or equipment. It is usually offered as an extra when you buy buildings or contents insurance. It covers:
Quick, competitive quotes
We work hard to understand our clients needs
Tailored quotes for each of our clients
We always go that extra mile for each of our clients
Alternatively, you can request a call back here
"...they not only saved me money but were also able to reduce my policy excess and give me better cover. I would recommend a call to them"
- Robert Anderson
"I have found their service prompt and efficient and would be happy to recommend them to anybody"
- Joel Siddall
Copyright 2016 Baslow Insurance Services Limited, registered in England and Wales under Company number 06368581, registered office Blake House, Bath Street, Bakewell, Derbyshire, DE45 1BX. Baslow Insurance Services Limited is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 473021, which can be checked on the Financial Services Register. We are covered by the Financial Ombudsman Service (FOS). For further information see the FOS website www.financial-ombudsman.org.uk, and the Complaints section of our Terms of Business.