Commercial Property Insurance

From Shops to warehouses, we got you covered

UK Sure can offer cover for a range ofcommercial propertiesfrom 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 £10m insured per location. We can quote for over 2,000 eligible trades, including multi-tenure properties. Policiesare available for 3, 6, or 12 months, all of which include a cyber helpline and ID Fraud cover. EL, Terrorism, Cyber, and Legal Expenses cover options are available.

UK Sure provides tailored solutions to meet your needs, ensuring our range ofcommercial property insurance policiescovers every situation. Here are just some scenarios where we can offer specialist cover:

Cover your commercial property portfolio in one policy

We like to make life easier. By ensuring your whole commercial property portfolio is in one place, you'll get one renewal date, reference number, 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 protects claims against you regarding damage to third-party property or injury to third-party persons as a result of negligence relating to the property you are responsible for. Can this be included in all the policies we provide? Just let us know the cover limit 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 owner's insurance package will protect your business and its premises through property damage and liability insurance. It can include covers forbuildings,landlord's contents,loss of rent,property owner, andemployers' liability insurance. Commercial fire and theft insurance perils are also included, protecting against fire, electrical fire, arson, and break-ins.

Commercial property insurance coversrepairing or rebuilding your business premisesor replacing your stock or equipment. It covers you against risks such as:

• Burst pipes (escape of water)

There are two main types of property insurance:

a)Buildings insurance covers repairing or rebuilding your business premises if damaged or destroyed.

Insurance is not required by law, but most mortgage providers insist that you take out a policy before giving you a loan.

Even if you own your business premises outright, you should still consider building insurance to cover you against the cost of repairs or rebuilding your property.

If you rent your business premises, building 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- Building 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 business owners are protected against losses from damage caused by acts of terrorism.

b)Contents insurance covers replacing your business's stock or equipment if 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 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:

Replacementas new policies replace an item stolen or damaged beyond repair with a new one.

Indemnity policies consider wear and tear, replacing your items at their current value. For example, if you bought an item in 2010 for £1,500 and valued at £1,000 in 2012, your insurer will pay out the lower amount if you make a claim.

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 due to the event, such as extra accountants' fees.

• Contents Insurance
• Business Interruption
• Stock & Equipment Cover
• Commercial Legal Expenses
• Insurance for Occupied and Unoccupied Properties
• Single & Multi-Location Properties
• Three, Six and Twelve month Policies available
• Cover for Properties of up to £10 million