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Commercial Landlord Insurance

Commercial & Business Property Insurance

As insurance brokers, IC Insurance does all the hard work for you, so let us take care of your insurance needs. You don’t have to worry about anything – we’ll search all companies to find the best quote and provide you with affordable insurance cover on our vast portfolio of products.

Our process is also quick and straightforward and offers you handpicked commercial property insurance policies you can trust.

To request a quote, send us your details and we’ll come back to you within 24 hours on business days.

If you don’t have time to wait, you can always call us on 01204 565600 during office hours.

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    Excellent Commercial Landlord Insurance Cover

    If you are a landlord renting out commercial property space to another business, commercial property insurance is vital. A huge sum of hard-earned money can go down the drain if your business is not fully covered. Whether you own property that houses shops, offices, hotels, or pubs, it’s vital that you’re protected by a commercial property insurance policy based around your specific requirements.

    IC Insurance solutions hast vast experience in providing business property insurance for small to mid-range commercial property owners. Our expertise in commercial property insurance enables us to offer excellent cover for our clients at an affordable price.

    We will carefully evaluate your business and its properties and devise a tailored commercial property insurance policy that suits your company structure. It is crucial that your assets are protected and without insurance, you’re exposed to a range of threats. Get in touch with us today and make IC Insurance Solutions your shield against those threats!

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    A commercial Property at dusk with all lights on and landscaped garden

    What is Landlord Commercial Property Insurance?

    Commercial property insurance offers coverage and protection to commercial property owners who let a property out to third-party businesses. It is an umbrella policy that covers almost every aspect of owning and letting out property that is used by other businesses and members of the public within one policy.

    Commercial landlord insurance is different from residential landlord insurance because commercial units such as shops and offices are constructed differently from a domestic property. Also, the commercial property receives more visitors, has distinct risks and requires a specific kind of protection, should the unexpected happen.

    This type of insurance covers you for a range of different issues, including building damage from fire, theft and natural disasters. It can also provide cover should there be a period where your property is empty and cannot be let out. Commercial property insurance is your safeguard to ensure that you’re still getting an income while any repairs of your property are carried out.

    What Does Business Property Insurance Cover?

    We offer key coverage in:

    Buildings

    Building insurance offers protection in case your property is damaged or destroyed. The amount offered would not depend on the market value of the property but rather, the cost of rebuilding your commercial property in case it is affected by a natural disaster or an insured event.

    Landlord Legal Protection

    Landlord legal protection covers the possible costs associated with any legal proceedings relating to your rental property, including legal action, and court proceedings.

    You may want to take legal action if a tenant damages your property, you need to evict them or recover unpaid rent from them.

    Rental Income

    If your property can no longer be occupied due to an insured event, our partner insurers will cover the cost of your missed rental income to support your business.

    Landlord Contents

    A cover that can pay for the repair or replacement of your own contents in a rental premise if they are damaged or destroyed. Covered possessions include furniture, appliances and contents in communal areas.

    Property Owner’s Liability

    Property owner’s liability allows you to meet any costs and damages incurred by a claim from member of the public if they suffer an injury following an accident on or linked to your property.

    Commercial Property Insurance Emergency Cover

    Emergency Cover insurance is a cover against incidents such as boiler breakdown, burst pipes and roof damage.

    Protect Your Property Against

    Fire

    UK-based businesses lose millions of pounds every year due to fires. IC Insurance Solutions covers damage incurred in the event of a fire so your business concerns remain protected.

    Lightning

    Combined Commercial insurance is a complete cover against unforeseen natural events such as lightning.

    Floods and Storms

    During the financial year 2015-2016, the United Kingdom was inundated by floods that affected 16,000 properties. According to a report published by the Environmental Agency, the total economic damage from these winter floods was estimated to be between £1.3 billion and £1.9 billion.

    IC Insurance Solutions can help your business remain afloat by providing cover against floods, storms and unpredictable climate conditions.

    Escape of Water

    According to the Association of British Insurers (ABI), 2018 saw a significant increase in claims pertaining to costs associated with burst pipes.

    Escape of water claims provide coverage against leaking appliances, burst pipes and other plumbing related problems.

    Earthquakes and Subsidence

    Earthquakes and subsidence are considered a standard risk to commercial property. Natural disasters can disrupt your business by causing significant damage to your property and possessions.

    With our commercial landlord insurance packages, you can be prepared for the worst.

    Explosions

    Explosions, big or small, can be devastating for your business and commercial property. Commercial landlord insurance guards against risks such as explosions.

    Aircraft Damage

    Our comprehensive commercial property insurance packages also covers impact by aircraft and other aerial devices.

    Terrorism

    Our commercial landlord insurance packages can also offer you sustained protection and coverage for property damage caused by acts of terrorism.

    Impact Damage

    Impact damage is a potential risk commercial landlord insurance compensates for.

    Malicious Damage and Theft

    Landlord insurance secures you by providing cover against events in which theft, vandalism or malicious damage to property is involved.

    Accidental Damage

    Commercial buildings receive more visitors and so, the risk of accidental damage is always there.

    Commercial landlord insurance protects your property against events in which you or your tenants have accidentally damaged it by compensating for the cost of repairs or replacements.

    Riots and Strikes

    Riots, civil commotion and strikes can have a devastating impact on commercial properties. In 2011, riots, unrest and arson attacks shook the UK. Consequently, households and businesses suffered losses of over £200 million.

    Business property insurance insures you against such losses by covering for events such as riots, violent disorder, strikes, and civil commotion.

    Frequently Asked Questions About Commercial Property Insurance

    Is it a Legal Requirement to Purchase Commercial Property Insurance?

    While there is no legal requirement to obtain commercial landlord insurance, there is a good business case for having it in place. The cover protects you for a range of issues that you cannot foresee, including natural disasters, fire, theft, property owner’s liability and loss of rental income. Without business property insurance, you could face costly repairs, business uncertainty or legal bills. Most commercial mortgage lenders will also include a clause within their terms and conditions which requires you to have commercial property insurance.

    Can I Get Business Landlord Insurance for a Portfolio of Properties?

    We can arrange for a policy which covers a number of properties within your portfolio; however, some properties may need more specialist cover should they be close to a flood risk or have a higher footfall from the public. As specialist insurance brokers in Bolton, we have experience of providing landlords with cover for just one property, and landlords with multiple properties. The more properties you want to include in your policy, the more your commercial property insurance policy will cost, but we will ensure to get the best and most appropriate quote for you.

    My Property Has Commercial and Residential Aspects. Can I Get a Commercial Property Insurance Quote for it?

    As insurance brokers, we know that there isn’t a one-policy-fits-all approach to commercial landlord insurance. If your property features both commercial and residential space, we can find you a policy that meets both needs. This is handy when you have a shop with flats above which you are hoping to rent out or are developing a mixed-use space on a single plot of land. The insurance policies we find for you will be tailored to your specific needs. Speak to our team about this in more detail when you request your quote.

    Do I need Commercial Property Insurance If I Occupy the Property or Only If I Let It Out to a Tennant?

    Yes, if you will be occupying your own property you will need a different type of building’s insurance. When you are letting out your property to a third party, you will need cover to protect you from tenant damage and other aspects of letting out property. If you are using part of your space for your own business but letting out other areas, then business landlord insurance is the best option as it will offer the protection you require for both yourself and your tenants.

    Request a Commercial Property Insurance Quote

    About IC Insurance

    IC Insurance Solutions is a vibrant and enthusiastic insurance intermediary with a passionate team comprising of experienced insurance experts and seasoned brokers. We know the market inside out and our strong partnership with insurance providers enables us to provide comprehensive coverage to you at a competitive price.

    If you have got any questions or you want to obtain a free quotation, get in touch with our specialist advisors, right away. Contact our office on 01204 565600 or email us on info@icinsurance.co.uk.

      This form collects your name, renewal date & phone number so that we can communicate with you and provide assistance. Please check our Privacy Policy to see what we'll do with your information.