Commercial Property Insurance
Cover that reflects your portfolio, your tenants,
and your exposure.
Commercial Property Risk Goes Well Beyond the Building Itself.
The risks facing a commercial property owner are materially different from those of a residential landlord. Construction type, tenant use, lease terms, void periods, property condition, and the geographic spread of a portfolio all affect the risk profile significantly.
A mismatch between the actual risk and the cover in place can occur, and it rarely comes to light until a claim is made. Underinsurance, gaps in liability cover, and policy conditions that don't reflect how a building is actually used can leave an owner seriously exposed.
We understand that no two commercial property owners face the same risks, and we don't treat them as if they do.
Our Approach: We Look Beyond the Building
When we assess a commercial property programme, we look at more than the buildings themselves. The uses your tenants operate, their own insurance obligations under the lease, your exposure during void periods, and the impact of any ongoing works or refurbishment all affect what adequate cover actually looks like.
We also take seriously the question of reinstatement value. Buildings are often underinsured at reinstatement cost, and you may not realise the extent of your exposure until a claim is made. We work to ensure your sums insured reflect the current cost of rebuilding, not the purchase price or market value.
What We Cover
Buildings and Reinstatement
Cover for the physical structure against loss or damage from fire, flood, storm, subsidence, accidental damage, and malicious damage by tenants. The reinstatement sum insured needs to reflect current construction costs, not historic valuations.
Property Owners Liability
Your liability to tenants, visitors, and third parties for injury or property damage arising from your ownership of the building. Following the changes to the Ogden Discount Rate, the value of personal injury awards has increased significantly, making adequate liability cover more important than ever.
Loss of Rent and Business Interruption
If a building becomes uninhabitable following an insured event, the loss of rental income can be substantial. Cover needs to reflect your actual rental income and a realistic period for reinstatement.
Unoccupied Property
Standard property policies typically restrict or exclude cover during void periods. If a property is unoccupied — between tenants, undergoing refurbishment, or awaiting sale — specific cover needs to be in place.
Plant and Machinery
For commercial buildings with lifts, pressure vessels, HVAC systems, or other plant, statutory inspection obligations and breakdown cover may need to be addressed separately.
Employers Liability
If you employ staff, including maintenance personnel or managing agents acting on your behalf, EL cover is a legal requirement. The scope needs to reflect who is working under your direction.
Cyber Insurance
Increasingly relevant for property owners operating building management systems, access control, or letting and management platforms. A cyber incident affecting building systems or tenant data carries both operational and liability consequences.
Management Liability, Commercial Crime
For details on these covers and why every business needs them, see our Essential Cover page.
Speak to a specialist about your commercial property risks.
Whether you own a single commercial asset or manage a complex portfolio — we're happy to review your current programme and identify whether it genuinely reflects your exposure.