If you own a building and it is used for commercial purposes, making sure the insurance you have in place to protect the building itself is vital. You will need to cover your stock and equipment inside the building if you are the owner of the business that occupies the building and a loss of rent, if something goes wrong. At Protheroe Insurance we create a Commercial Property Owners package to suit you and your business.
Buildings cover
Most business insurance policies include buildings cover. They usually cover the repair or rebuild of your property if something were to happen to it. Speak to one of our advisors who will check what is considered ‘insurable’ on each policy, but risks usually include things such as; fire, flooding, burst pipes and fallen trees.
Contents cover
Whether you run your business out of your commercial property or if you rent it out to tenants, you may still need contents insurance. For example; you may have fixtures and fittings that are included in your agreement to consider. If you happen to own a shop, there may be many items that don’t necessarily belong to the building, but are not classed as stock. It’s also important to declare an accurate stock take to your insurance provider.
Loss of rent
If you are renting out a commercial property, and something happened in which your tenants couldn’t operate from your property, you could lose valuable income. Protheroe Insurance are able to tailor your cover to include loss of rental income. Depending on the nature of your policy and how you set it up, this option means that you are able to continue receiving your monthly rental payment, even if there is no tenant in the building. There are terms and conditions involved, but our team of specialists are more than happy to run through these with you, to make sure you have a good understanding of the best options available to you.
If you’re looking for commercial property insurance and would like to know more, get in touch with us today! You’re also more than welcome to visit us in branch at 16 Bridge Street, Belper, Derbyshire, DE56 1AX or alternatively give us a call on 01773 423768.