Commercial Buildings Insurance

Keeping your professional practice in business, safely


What is Commercial Property Insurance?

Commercial Property Insurance covers the building from which your professional practice operates. There are two types of Commercial Property Insurance available: Buildings and Contents.

  1. If you own the building, Buildings cover protects your most valuable asset: the bricks and mortar. 
  2. If you don't own the building, you have the option to only insure the Contents.

Buildings Insurance covers the rebuild or repair of the building due to events such as a fire, flood, storm, theft, burst pipes, fallen trees, riots and subsidence. Contents Insurance protects what your business owns inside the building, such as equipment or stock. The level of cover you need will depend on the type of building you own.

Why does our professional practice need it?

Business owners in the UK aren’t required by law to have Commercial Property Insurance; but that doesn’t mean it’s not important.

This type of cover should be a top priority because it protects your practice against unexpected damage and disruption if the worst was to happen. There could be an accidental fire in the office kitchen or burst pipes that leave you and your team without a safe place to work from – not forgetting the possible damage to computers, carpets, furnishings and fixtures.

Without suitable cover in place, the business interruption (loss of earnings because your business can’t operate) and the cost to repair, rebuild and replace the damage and lost contents could have a serious impact on your livelihood; it pays to be covered.

What does it cover?

The type and level of cover you require will depend on the specific needs of your professional practice. This is where an expert broker can help you work out what needs protecting.

Commercial Property Insurance policies can cover your buildings and contents (if added) on an ‘all-risks’ basis. This means your practice is protected against all risks, except for those specifically excluded in the policy. You can also add Business Interruption Insurance to cover for loss of earnings.

Cover can typically include:

  • Costs for rebuilding, alterations and improvements following damage
  • Costs for repairing damage to landscaped gardens and grounds
  • Replacement locks if keys are lost due to theft or attempted theft
  • Debris removal
  • Costs for refilling, recharging, replacing or resetting risk protection equipment

Find a commercial building insurance broker

Find a Broker

key cover benefits

  • Could help you meet commercial mortgage lender requirements
  • Flexible cover tailored to the needs of your professional practice
  • Backed by connected expertise and thinking