If you own a building and it’s used for business purposes, having the right insurance is important. You need to protect the stock and equipment inside your property, and against loss of rent, if something goes wrong. If a tenant occupies the building you won’t need to cover their stock or equipment unless the property is part-furnished. At Heath Insurance, we can tailor a Commercial Property Owners package to suit you.
Most commercial policies include buildings insurance. They usually cover the repair or rebuild of your property if something happens to it. Speak to one of our advisors to check what is considered ‘insurable’ on each policy. Risks usually include incidents such as fire, flooding, burst pipes and fallen trees.
Whether you operate a business out of your commercial property or rent it out, you may still need contents insurance. You may, for example, have fixtures and fittings that are included in your agreement to consider. If you own a shop, there may be items that don’t belong to the building, but aren’t classed as stock. It’s also important to declare an accurate stock take to your insurance provider.
If you’re unsure about your contents, speak to a member of our team who will be more than happy to help.
Loss of rent
If you rent out a business property, and something prevents your tenants from operating from your property, you could lose valuable income. You can tailor your cover to include loss of rental income to protect against this. Depending on your policy details and how you set it up, this option essentially means that you can continue to receive your monthly rental payment, even if there is no tenant in the building to pay it. Our team of specialists are more than happy to discuss the terms and conditions involved, to make sure you have a good understanding of the best options available to you.
To get in touch with a member of our friendly team today about commercial property owners insurance, call us on 01565 740896 or fill in our quote form and we’ll get in touch with you as soon as possible.