Commercial property landlord insurance.
Cover for landlords of commercial properties, including options for buildings and contents insurance, fixtures and fittings cover, property owner’s liability and much more.
Why do you need commercial property landlord Insurance?
For commercial landlords, the risk that come with letting out commercial units to businesses require a flexible and adaptable insurance policy. Shops, clinics, hospitality or offices – our business landlord insurance policies change to cover thousands of premises and the revenue they generate. From commercial buildings insurance for landlords to accidental damage, excess protection and your improvement works, there’s a range of specific covers to add and remove.
What does commercial property insurance cover?
Landlords’ commercial property insurance policies usually start with buildings cover, plus accidental damage protection for things like a smashed window or leak that ruins your interiors. Many landlords also choose to add contents insurance, in case furniture or other items you’ve provided are damaged, lost or stolen. Bear in mind employers’ liability cover too – it can be a legal requirement.
Commercial buildings insurance for landlords (in case disaster hits and your property gets damaged).
Commercial landlords’ contents insurance (in case disaster hits and your contents get damaged).
Commercial landlords improvements insurance (in case you make structural changes to your property).
Accidental damage insurance (in case someone accidentally damages your property or contents)
Rental income protection insurance (in case damage to the property stops your tenants trading, and paying rent)
Property owners liability insurance (in case you’re legally responsible for injuries or property damage, as owner of the building)
Excess protection (in case you need to pay an insurance excess, and want to claim it back)
Employers’ liability insurance (incase someone working directly for your rental blames you for an injury or illness)
Residential landlord insurance FAQ’s
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This will depend on your specific circumstances, the type of property you’re renting out, your tenants and various other factors. Reach out to us for a tailored quote for you.
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Yes, we provide policies which can cover a mixture of commercial and residential tenancies. For example, your property’s ground floor might be a shop, but the first floor is a flat.
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ou aren’t legally required to take out a specific landlord policy, but remember – a conventional home insurance policy won’t cover you for rental activities, and a mortgage lender will usually demand you have specific landlord cover in place, before you let your property.
Popular covers include property owners’ liability and contents insurance, for accidents on your property, plus buildings cover to protect the property itself.
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As we’ve outlined above, there’s currently no legal obligation to take out a dedicated landlord insurance policy. However, a home insurance policy won’t cover you for the specific risks you and your tenants face, and a mortgage lender will usually require you to have buy-to-let insurance in place too, before renting out your property.