A Guide to Commercial Landlord Insurance
What Is Commercial Landlord Insurance?
Commercial landlord insurance covers landlords who let to third party businesses. It should cover you, your tenants and members of the public who use the premises such as customers.
As a landlord you must ensure that your property is well maintained to minimise risk of injury and illness to people who work there. You also need to make sure that your buildings are protected from repair costs as well as any loss you incur from delayed rental income and intentional damage such as theft or vandalism.
As a landlord you must ensure that your property is well maintained to minimise risk of injury and illness to people who work there.
Why Is It Important?
Commercial properties such as shops, offices are busy spaces that often have a high footfall rate. If a third party does need make a claim for any reason related to the property i.e. a slip on a loose paving slab, or a flying tile you are likely to be claimed against.
As a landlord, you will need to consider the maintenance and upkeep of gas and fire safety, electrical safety and the upkeep of the property. Don’t get caught out! You can be prosecuted if you don’t follow healthy and safety rules for your property.
Don’t get caught out!
Looking for commercial landlord insurance quotes? We can help!
What Type Of Insurance Do I Need?
When you take out a commercial landlord insurance policy, it is vital that it is right for your property and will protect you in a worst-case scenario. You can find common types of commercial landlord insurance below:
- Buildings Insurance
This policy covers your business if repairs are needed due to damage or theft.
- Contents insurance
Contents insurance will cover you against loss, damage or theft of your items on the premises.
- Property owner’s liability cover
Public liability cover is essential for any business or property that is open to members of the public. If a member of the public suffers an injury or damage to their property, related to the premises, this policy will cover any legal costs.
- Rental income protection
This policy ensures that you still receive payment, should a tenant or be unable to pay their rent when expected.
- Employer’s liability insurance
If you employ one more people, your insurance will cover any costs that arise in the rare case staff suffer and accident or injury on the premises.
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How Do I Get a Landlord Insurance Quote?
Edison Ives can provide both essential and bespoke cover to suit your unique needs.
We specialise in finding great insurance solutions for landlords, including the commercial sector.
Edison Ives Insurance Solutions can provide essential cover and bespoke cover from the options below:
- Contents insurance
- Landlord building insurance
- Legal expenses
- Property owner’s liability
- Fixtures and fittings
- Theft by tenants
- Malicious damage
- Loss of Rent
- Alternative Accommodation
Your commercial landlord insurance policy should offer comprehensive cover for peace of mind. Need a hand with your commercial landlord insurance quotes? Ask our experts.
Looking for commercial landlord insurance quotes? We have access to a wide panel of insurers that enables us to source competitive quotes whilst giving you the comprehensive insurance cover you need.
All you need to do is fill in our contact form here, and we will get right back to you.