Commercial Property Insurance

Commercial Property Owner’s Insurance
Competitive Commercial Property Landlord Insurance Backed By ‘Exceptional’ Service

Want to save money on your commercial property insurance?  Let the commercial property owner’s insurance specialists at Coversure Hull compare our markets to find you the commercial property landlord insurance that’s right for you.  Whether you have a shop, office, warehouse or factory, call us on 0800 977 6037 and let our award-winning team help you get the protection you need.

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Commercial property owner’s insurance backed by ‘Exceptional’ service

Our award-winning team is rated as ‘Exceptional’ by feefo and with over 50 years of commercial property insurance experience, you can rest assured you’re in safe hands.  Being independent we can put your needs first, and we’ll compare the market to find you great cover for a great value premium.  To find out more, call us on 0800 977 6037 or start your commercial property insurance quote today.

What is commercial property insurance?

Commercial property insurance, or commercial property landlord insurance as it’s also known, can protect the buildings, fixtures and fittings, and contents of business premises.  Many insurance brokers struggle to offer competitive commercial property insurance, but thanks to our extensive network of insurer relationships, we can find you great value commercial property landlord insurance that covers threats such as:

  • Escape of water
  • Lightning
  • Falling trees
  • Fire
  • Flooding
  • Riots and other civil disturbances
  • Storms
  • Earthquake
  • Subsidence 
  • Explosions
  • Fixtures and fittings
  • Stock – assuming it is yours and not your tenant’s

Some insurers will also offer ‘wider perils’ options to their commercial property owner’s insurance.  As well as the risks listed above, this can protect you from risks such as theft, terrorism, accidental damage and legal expenses.  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.

What types of premises can commercial property insurance cover?

We can offer for commercial property insurance for a wide range of properties, including:

  • Shops
  • Pubs, bars, and restaurants
  • Offices
  • Warehouses
  • Factories
  • Healthcare facilities such as surgeries
  • Beauty and hair salons

These are just some of the properties we can cover.  If you have a specific property in mind, then please get in touch.  You can call us free on 0800 977 6037 or start your commercial property insurance quote today.

What types of commercial property insurance are there?

There are two types of commercial property insurance, and we can offer you all both:

  • Buildings insurance – this covers the cost of repairing or rebuilding your premises if they are accidentally damaged or destroyed. While commercial property owners aren’t legally required to have buildings insurance, most mortgage providers will insist that you take out a policy before they give you the loan.  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

    Important note: When looking for a commercial property insurance quote, make sure you give your broker the cost of rebuilding your property and not the market value.  A worrying 46% of UK commercial properties are currently underinsured according to a 2024 survey by risk management firm Gallagher, with the average shortfall being 40%.  This could mean a gap of tens if not hundreds of thousands of pounds in the event of a rebuild claim.  If you’d like some advice regarding property underinsurance, please call us on 0800 977 6037 and we’ll give you all the help you need to make sure your commercial property is properly insured.

  • Contents insurance – as the name suggests this covers the contents of your premises including stock and equipment against loss, theft, or accidental damage.  It doesn’t usually cover tenants’ contents, and they will usually take this out themselves.  There are two types of business contents insurance:

    • New for old – which replaces contents with new like-for-like ones

    • indemnity contents policies – these factor in wear and tear into account, replacing your items at their current market value rather than the replacement value

What can commercial property owner’s insurance cover?

This is a flexible policy that comes with a wide range of covers and options, including:

  • Landlords’ public liability insurance – of up to £10 million should someone be accidentally injured while on your property or have their property damaged by yours and they decide to sue for compensation

  • Loss of rent – if you’re renting out your property to another business and your tenants must move out after an insured event such as a flood or fire, this will cover loss of rent.  It can also cover any additional costs of arranging alternative business accommodation on your tenants' behalf

  • Accidental damage – should something be accidentally broken you’ll be able to make a claim

  • Malicious damage – should a tenant or a member of the public deliberately break or damage your property or its contents, you’ll be able to make a claim

  • Legal expenses insurance – can provide protection to cover legal costs related to issues with your commercial rental property, including legal action and court proceedings.  While it’s most frequently associated with disputes with tenants over rent or evictions, it can also help with employment issues, contract disputes, HMRC investigations and health and safety prosecutions

  • Contractors’ insurance – if you hire contractors to do repairs, maintenance or renovations on your property, then contractors insurance can protect you against things like damage to your property, sub-standard work or injuries

  • Glass and sanitary ware - covers the cost of replacing accidentally damaged internal or external glass and sanitary ware

  • Cables and underground pipe cover - for any costs incurred due to damage to pipes or cables – this includes essential utilities e.g., gas, electricity, and water

  • Fixtures and fittings you’ve provided to your tenants

  • Stock – assuming it is yours and not your tenant’s

  • Theft by tenants

  • Terrorism - 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

How much does commercial property owner’s insurance cost?

At Coversure Hull we don’t believe in one-size-fits-all solutions for our clients.  Instead, we’ll get to know your needs and create a package of cover that fits your requirements.  What we can say is that your commercial property owner's insurance quote will depend on things like:

  • Your premise’s postcode
  • What it’s being used for
  • The level of security
  • It’s rebuild valuation
  • If there are any contents – and if so, what they are and the value
  • Whether it’s at risk from flooding
  • If you have residential tenants living above it
  • Your claims history

If you’d like to know how much a commercial property owner’s insurance policy will cost you, please get in touch.  You can call us on 0800 977 6037 or start your commercial property insurance quote today.

How to get cheaper commercial property insurance

The easiest way to get cheaper commercial property insurance is to use a specialist independent insurance broker such as Coversure Hull.  With our knowledge of the market and insurer relationships, we can help you get cheaper commercial property insurance quotes.  The other ways are:

  • Improve the premise’s security
  • Not leaving cash on the premises overnight
  • Securing stock – especially valuable goods such as alcohol, computers, and gadgets
  • Increase your excess
  • Get a multi-property insurance policy if you have more than one property to insure

Commercial property owner’s insurance FAQ

Commercial property insurance is a complex area of cover and it’s important to get it right.  To help you get the protection that’s right for you, here are our commercial property owner’s insurance frequently asked questions.  We hope they will prove helpful, but if you’d like to get some independent advice, then please call us free on 0800 977 6037.  Our team of insurance specialists will be happy to talk you through the options to ensure you get the protection that’s right for your business.

Q. Is commercial property insurance a legal requirement?
A. No, but if you have a mortgage then your mortgage lender will likely insist on you having insurance protection in place

Q. As a commercial property landlord do I need contents insurance?
A. If the property is rented the tenant would usually take out contents insurance for their stock and possessions. As a commercial landlord, you would be wise to have contents insurance to protect things like your fixtures and fittings and any equipment you may keep there

Q. What types of commercial property can be covered?
A. We can insure all kinds of commercial premises.  Whether it's a shop, office, warehouse, factory, a café, a salon, or something more specialist, we can offer you affordable, high-quality protection

Q: Are there any other policies I should consider?
A. Yes, and business interruption insurance is one of the most popular. Business interruption insurance for commercial property owners covers you if you’re forced to close your premises following a disaster such as a fire or flood. It will cover any shortfall in pre-tax profits resulting from being unable to work from your premises and any increased costs in running your business because of the event, such as extra accountant’s, solicitor’s or architect’s fees

Q. How much does commercial property insurance cost?
A. That will depend on things such as:

  • The rebuild costs
  • Its postcode
  • The type of premises it is
  • Its condition
  • The level of security
  • If it is at risk of flooding
  • The turnover of your business
  • Your claims history

Get a commercial property owner’s insurance quote today

If you'd like some commercial property insurance help or a commercial property insurance quote call us on 0800 977 6037.  We can give you all the advice you need and can compare our markets to find you the cover you require.