Choose UK Sure for your Commercial Property Insurance

​

We can offer cover for a range of commercial properties from our trusted network of leading insurers.

 

You can place just one commercial property or a whole portfolio under one policy, including unoccupied, non-standard, residential, and mixed-use buildings.

​

For single or multi-location commercial property risks of up to £2m sum insured per location. We can quote for over 2,000 eligible trades, including multi-tenure properties.

Policies are available for 3, 6, or 12 months, all including a cyber helpline and ID Fraud cover. EL, Terrorism, Cyber, and Legal Expenses cover options are also available.

​

​

​

​

 

Our standard cover

 

​

Cover your commercial property portfolio in one policy

We like to make life easier. By insuring your whole commercial property portfolio in one place, you'll get one renewal date, one reference number, one price, and only one company to deal with. Not only that, but it's likely to be cheaper for you too. Call our specialist commercial property insurance team to discuss your options.

​

Commercial property owners' liability insurance

Property owners’ liability insurance provides protection for claims made against you in respect of damage to third-party property or injury to third-party persons, as a result of negligence relating to the property you are responsible for. It is possible to include this in all the policies we provide – just let us know the limit of coverage you need.

​

Loss of rent insurance for commercial properties

If you experience an insured loss at the property, it may become uninhabitable while repairs are carried out. To protect you from losing out on rent, or if you need to cover the cost of alternative premises for your tenant, this cover will reimburse you for the amount you would have earned from your tenants during the interruption period. The period of cover can be tailored to suit the nature of your property, up to 36 months.

​

Commercial fire and theft insurance for properties

A commercial property owners’ insurance package will protect your business and its premises through a combination of property damage and liability insurance. It can be made up of covers including buildings, landlord’s contents, loss of rent, property owner, and employers' liability insurance. Commercial fire and theft insurance perils are included, which provide protection against fire, electrical fire, arson, and break-ins.

 

 

 

What is Commercial Property Insurance

 

• 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:

• falling trees

• Burst pipes (escape of water)

• Fire

• Flooding

• riots

• storms

• subsidence 

• theft

​

​

Types of Policies

​

There are two types of commercial property insurance:

• buildings insurance

• contents insurance

 

Buildings 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:

• general wear and tear – everyday things that happen to your property over time such as carpets wearing thin

• acts of war or terrorism – buildings insurance policies usually exclude damage caused by terrorism, but specialist insurers can provide cover for commercial properties for an extra premium Cover for terrorism is supported by the Pool Re scheme, which provides government-backed funding to ensure that businesses owners are protected against losses from damage caused by acts of terrorism.

 

Contents Insurance

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 ensure 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 policies for business equipment:

• replacement as new policies replace an item that has been stolen or damaged beyond repair with a new one

• indemnity policies take wear and tear into account, replacing your items at their current value. For example, if you bought an item in 2010 for £1,500 and it’s valued at £1,000 in 2012, your insurer will pay out the lower amount if you make a claim

 

 

How does home insurance work?

 

Home insurance helps cover the cost if something happens to your home or belongings. You pay an amount each month or once a year, so if something goes wrong, an insurer might be able to help put it right.  The amount you pay will depend on the level of cover you need.

​

• Buildings insurance covers you if something happens to your home. For example, if there’s a fire, it can help cover the cost of repairing or rebuilding your home. 

• Contents insurance covers you if something happens to your things. For example, if your home has been broken into, and they’re stolen, it can cover the cost of replacing them. Or if your things are damaged in a flood, it can cover the cost of repairing or replacing them.

​

Home insurance isn’t for things like the upkeep of your home or for routine decorating. It’s also not there to cover you for ‘wear and tear’.

​

​

Additional Cover

​

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:

• any shortfall in pre-tax profits resulting from the event

• any increased costs in running your business as a result of the event, such as extra accountants’ fees.