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.