Commercial Property Landlord Insurance from a Trusted UK Company

What is commercial property insurance?

Commercial property insurance is the specific type of insurance which applies to those who own a building used for commercial purposes. If you buy a building to operate your business out of, you might need this type of insurance. Taking this type of cover out means the insurance company will pay out if someone or something damages your building. When you run a public-facing company, building damage is always a possibility.

Commercial property insurance has two names: commercial property insurance and commercial landlord insurance. Commercial landlord insurance and commercial property insurance both do the same thing. They cover the cost of building damage to the commercial property. It does not matter if you are the owner of the building and run the business, or if you let the property to another business owner, it is the owner of the building who takes out commercial property insurance. Owners of office blocks are usually commercial landlords. So are those who own commercial property portfolios.

Is it a legal requirement?

Although it is not against the law to skip on commercial property insurance, it is not a wise business decision. Added to the potential for something to go wrong with the building, you have the added pressure from your lender. Your mortgage provider may well only agree to fund your investment if you meet set requirements. Often, these guidelines include instructions that you buy property insurance to protect the building.

If you intend to use the building for commercial purposes, you will require commercial property insurance. Standard building insurance will not cover a commercial building unless

Do you need landlord insurance for your commercial property?

Even though it is not law to have this in place, your lender may refuse to lend to you if you do not take out buildings’ insurance for your new property. If that property is commercial, then this becomes commercial property insurance.

How does a commercial property insurance policy work?

Whether you own the business that runs out of the property or not, it is your job as building owner to invest in commercial property insurance. Simply contact the Falcon Insurance commercial property specialists and we will ask you a series of questions which will accurately determine your insurance policy needs. Once we find commercial insurance for you, you can go about your business as you please. If you ever need to make a claim against that policy, you can do it in minutes online, using our quick and easy claim form. Falcon Insurance takes the difficulty out of finding commercial landlord insurance in England and Wales.

What are the key features?

Commercial property insurance covers similar building features to what a buildings insurance policy might contain in a standard home. That means that the things it protects include:

• Repairs to the building
• Rebuilding after structural damage
• Replacing your stock if it was damaged due to the building
• Burst pipes
• Broken access points and windows
• Accidental damage such as trees falling on the roof or cars crashing into walls
• Damage to the roof, even leaking