Commercial Landlord Insurance
Competitive Commercial Property Landlord Insurance Backed By ‘Exceptional’ Service
Want to save money on your commercial landlord insurance? Let the commercial property landlord insurance specialists at Coversure Hull compare our markets to find you the commercial landlords’ insurance that’s right for you. Whether you’re a landlord with a shop, office, warehouse or factory, or an entire portfolio of commercial properties, call us today on 0800 977 6037 and let our award-winning team help you get the protection you need.
Commercial landlord insurance backed by ‘Exceptional’ service
Our award-winning team is rated as ‘Exceptional’ by feefo and with over 50 years of commercial property landlord insurance experience, you can rest assured you’re in safe hands. Being independent we can put your needs first, and we’ll compare the market to find you great cover for a great value premium. To find out more, call us free on 0800 977 6037 or start your commercial landlord insurance quote today.
What is commercial landlord insurance?
Commercial landlord insurance, commercial property landlord insurance or commercial landlords’ insurance as it’s also known, protects commercial properties such as shops and offices when they are rented out to another business. It can cover business landlords from a range of common problems, including:
- Buildings insurance
- Contents insurance for things like fixtures and fittings you may have provided
- Public liability insurance claims
- Loss of rent
- Glass replacement following a breakage – very useful for landlords with retail lets
- Loss of rent insurance
- Rent guarantee insurance
- Tenant relocation insurance
Why do I need commercial landlord insurance?
Owing to the nature of your building’s use and its construction, commercial properties represent a greater risk to insurers and so require the specific protection that commercial property landlord insurance can bring. These differences can be grouped as follows:
- Building type – plate glass windows, large, professional cookers, and communal and public areas are all features of commercial properties such as shops, restaurants, and offices that you don’t see in residential lets. They often also have non-standard design features such as bay doors for moving goods in and out, have industrial power and heating supplies, or have flat roofs. These can increase the liability risks and can be extremely expensive to repair or replace
- Building use – many workers and members of the public coming and going, the use of heavy machinery, deliveries, and goods being moved by pump trucks and forklift trucks all create hazards
- Business insurance – your tenants need your premises to run their businesses. If they are unable to use them following a fire or a flood, you may have to find them somewhere else to trade from. Also, your commercial property is your business and the income from it needs to be protected in the event of a problem such as loss of rent
What can commercial landlord insurance cover?
Commercial landlord insurance is a flexible policy that can cover a wide range of risks, including:
- Buildings insurance – this covers the cost of repairing or rebuilding your premises if they are accidentally damaged or destroyed. While commercial landlords aren’t legally required to have buildings insurance, most mortgage providers will insist that you take out a policy before they give you the loan. If you own your business premises outright you should still consider having buildings insurance to cover you against the cost of repairs or of rebuilding your property
Important note: When looking for a commercial property insurance quote, make sure that you give your broker the cost of rebuilding your property and not the market value. A worrying 46% of UK commercial properties are currently underinsured according to a 2024 survey by risk management firm Gallagher, with the average shortfall being 40%. This could mean a gap of tens if not hundreds of thousands of pounds in the event of a rebuild claim. If you’d like some advice regarding property underinsurance, please call us on 0800 977 6037 and we’ll give you all the help you need to make sure your commercial property is properly insured - Contents insurance – as the name suggests this covers the contents of your premises including stock and equipment against loss, theft, or accidental damage. It doesn’t usually cover tenants’ contents, and they will usually take this out themselves. There are two types of commercial property contents insurance:
- New for old – which replaces contents with new like-for-like ones
- Indemnity contents policies – which factor in wear and tear, paying you the market value of your contents rather than the cost of new ones
- New for old – which replaces contents with new like-for-like ones
- Landlord public liability insurance – of up to £10 million should someone be accidentally injured while on your property or have their property damaged by yours and they decide to sue for compensation
- Loss of rent – protects landlords and their income should tenants have to move out after an insured event such as a flood or fire. Loss of rent cover can protect your lost rental income and the additional costs of arranging alternative business accommodation on your tenants' behalf
- Accidental damage – should something be accidentally broken you’ll be able to make a claim
- Malicious damage – should a tenant or a member of the public deliberately break or damage your property or its contents, you’ll be able to make a claim
- Legal expenses insurance – can provide protection to cover legal costs related to issues with your commercial rental property, including legal action and court proceedings. While it’s most frequently associated with disputes with tenants over rent or evictions, it can also help with employment issues, contract disputes, tax investigations and health and safety prosecutions
- Contractors’ insurance – if you hire contractors to do repairs, maintenance or renovations on your property, then contractors’ insurance can protect you against things like damage to your property, sub-standard work or injuries
- Glass and sanitary ware - covers the cost of replacing accidentally damaged internal or external glass and sanitary ware
- Cables and underground pipe cover - for any costs incurred due to damage to pipes or cables – this includes essential utilities such as gas, electricity, and water
- Fixtures and fittings you’ve provided to your tenants
- Stock – assuming it is yours and not your tenant’s
- Theft by tenants
- Keys and locks – should keys be lost or stolen; you can claim for the cost of having them replaced
- Terrorism - cover for terrorism is supported by the Pool Re scheme, which provides government-backed funding to ensure that business owners are protected against losses from damage caused by acts of terrorism
What types of premises can commercial landlord property insurance cover?
We can offer for commercial property landlord insurance for a wide range of properties, including:
- Shops
- Pubs, bars, and restaurants
- Offices
- Warehouses
- Factories
- Healthcare facilities such as surgeries
- Beauty and hair salons
- Manufacturing and processing plants
These are just some of the properties we can cover. If you have a specific property in mind, please then please get in touch. You can call us free on 0800 977 6037 or start your commercial property insurance quote today.
How much does commercial property landlord insurance cost?
At Coversure Hull we don’t believe in one-size-fits-all solutions for our clients. Instead, we’ll get to know your needs and create a package of cover that fits your requirements. What we can say is that your commercial landlord property insurance quote will depend on things like:
- Your premise’s postcode
- What your tenants’ business does
- The level of security
- It’s rebuild valuation
- If there are any contents - and if so, what they are and the value
- Whether it’s at risk from flooding
- Your claims history
If you’d like to know how much a commercial property owner’s insurance policy will cost you, please get in touch. You can call us on 0800 977 6037 or start your commercial property owner’s insurance quote today.
How to get cheaper commercial landlord property insurance
The easiest way to get cheaper commercial property landlord insurance is to use a specialist independent insurance broker such as Coversure Hull. With our knowledge of the market and insurer relationships, we can help you get cheaper commercial landlord insurance quotes. The other ways are to:
- Increase your excess, the amount you pay in the event of a claim
- Get a multi-property insurance policy if you have more than one property to insure
- Conduct a risk assessment with your broker
Commercial landlord insurance FAQ
Commercial landlord property insurance is a complex area of cover and it’s important to get it right. To help you get the protection that’s right for you, here are our commercial landlord insurance frequently asked questions. We hope they will prove helpful, but if you’d like to get some independent advice, then please call us free on 0800 977 6037. Our team of insurance specialists will be happy to talk you through the options to ensure you get the protection that’s right for your business.
Q. Is commercial landlord insurance a legal requirement?
A. No, but if you have a mortgage then your mortgage lender will likely insist on you having buildings insurance in place
Q. Why do I need commercial landlord insurance rather than just landlord insurance?
A. Owing to the nature of the building’s use and its construction, commercial properties represent a greater risk to insurers and so they require the specific protection that commercial property landlord insurance can bring
Q. What types of commercial property can be covered?
A. We can insure all kinds of commercial premises. Whether it's a shop, office, warehouse, factory, a café, a salon, or something more specialist, we can offer you affordable, high-quality protection
Q. As a commercial property landlord, do I need contents insurance?
A. It’s a good idea to have contents insurance in place as it can cover things like fixtures and fittings
Q: Are there any other policies I should consider?
A. Yes, and business interruption insurance is one of the most popular. Business interruption insurance for commercial landlords covers you if you’re forced to close your premises following a disaster such as a fire or flood. It will cover any shortfall in pre-tax profits resulting from being unable to work from your premises and any increased costs in running your business because of the event, such as extra accountant’s, solicitor’s or architect’s fees.
Q. How much does commercial property landlord insurance cost?
A. That will depend on things such as:
- The rebuild costs
- The postcode
- The type of premises you have
- The type of tenants you have and what they do
- Its condition
- The level of security
- If it is at risk of flooding
- How many properties you have
- Your claims history
Q. How can I get a commercial property landlord insurance quote?
A. Getting a commercial landlord’s insurance quote is easy. You can call us on 0800 977 6037 or start your commercial landlord insurance quote here.
Get a commercial landlord insurance quote today
If you'd like some commercial property insurance help or a commercial landlord insurance quote call us on 0800 977 6037. We can give you all the advice you need and can compare our markets to find you the cover you require.
