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  • Commercial Property

    Commercial Insurance - what should it cover?

    Hi there all you commercial property wizards, and thanks for reading this.

    I own three modest shops on the North, and strongly suspect that my insurance is too high. Can anyone please advise me what should be included in the policy?

    My agent's approach is this: "Here's your policy, take it or leave it mate." And  I'm fairly sure that their policy includes all kinds of irrelevent items.

    A few months ago I approached an agent who has what I think is a healthier approach: He said: "Tell us exactly what you want to be insured for. " That sounded much more reasonable. However I wasn't sure what to include and what not to.

    Yes, I know, I must sound like a bit of a nerd.

    Help!!!

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     PT is cool

    Hi Michael,

    Our insurance partner Alan Boswell Group have specialist knowledge in this area of insurance and suggest the following:




    You can call the Alan Boswell Group team on 01603 649736 .  They currently have a "price beater guarantee" offer running for PT members where they will beat your existing renewal quote.

    As you think "PT is cool", it would be great if you could assist in maintaining this site as a free to use community resource by using the trusted services of our partners. Smile

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    You would want it to cover loss of rent in the event that an insured risk means that tenant leaves or does not pay rent due to one of these event.

    I would also include legal cover in the event that you need to take action against your tenant e.g. non payment of rent or repairs issues.

    Premium would cbe dependent on type of business, hot food takeaway with deep fat fryer is obviously higher risk than an estate agent.

    One important point, does the lease provide for tenant to be liable to contribute to insurance cost? As a commercial landlord you shouldn't be left out of pocket, these costs should be recoverable either as specified in lease or as a service charge.


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    Hi michael m,

    Initially we’d want to find out if you’re the landlord or the occupant of the shops, because this would influence the types of commercial property insurance that you’d need.

    The covers you may need include:

    • Landlord buildings and/or contents cover
    • Property Owners Liability
    • Public Liability
    • Employers Liability
    • Loss of Rent
    • Alternative Accommodation
    • Business Interruption
    • Legal Expenses

    We’d be happy to discuss your options with you, so you can be sure you have the right cover. You can speak to one of our property specialists by calling us on 01603 649736.

    I hope it helps! Smile

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