Commercial property insurance covers the cost of repairing or rebuilding your business premises, or replacing your stock or equipment. It covers you against risks such as:
Buildings insurance covers the cost of repairing or rebuilding your business premises if damaged or destroyed.
Buildings insurance is not required by law, but most mortgage providers will insist that you take out a policy before they give you a loan.
Even 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.
If you rent your business premises, buildings 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.
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:
At ACS we understand that if you want to climb the property ladder; you need to start on a firm footing, and that means finding the right insurance at the right price.
For a quick commercial property insurance quote, call our office and discuss your needs with an experienced member of our commercial team call 01427 838000