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Commercial Landlords Insurance
Choosing an insurer that offers the best commercial landlords insurance premium is not the easiest decision to make. You may own a block of flats in London operating at the high end and luxury rental market. Or provide multiple units for retailers in a bustling town's shopping centre. Alternatively you could own an office block with 750,000 square metres of office space that requires multiple contracts all adherent to one policy document. Any broker that tells you this is an easy decision to make is far from understanding the dilemmas you face. Yet on the plus side, the only thing you really need do is enlist us. We will ask you to offer as many details and documents related to your current building and its separated units and our specialist brokers will do the rest for you. Now that is simple.
Because you are a business and offer services B2B. You are not only concerned with the safety of your contents and building's structure but that of your commercial renter's staff, visitors and customers. With footfall possibly in the thousands on a daily basis, there's a lot that can go wrong. You are not only to be concerned with getting rent paid on time. Your concerns have to stretch to being liable to accidents, theft due to lack of security and of course any damage related to flood, fire or with malicious intent. While your business customers will have their own form of insurance, your commercial landlord's insurance will also be liable as much as theirs at the same time. It's a unique situation that requires not only the correct level of buildings insurance but employer's insurance, public liability cover to the correct values and Private Property Owner's liability. Sums which could run into tens of millions of pounds to cover any extensive claims during any insured period.
Commercial Landlords Insurance and Loss of Rent
Loss of rent cover is important but so are other policy particulars such as terrorism cover, which may leave you open to claims if a business cannot continue operating amongst a variety of structural issues too. Your employees, their employees, their visitors, property, contents, furniture may all come under your contractual obligations. Complete the quick enquiry form for the best commercial landlords insurance quote and an advisor will call back at your earliest convenience.
Landlords Insurance protects the owner of the property for unforeseen events that may occur whilst the property is rented out. It is created for a landlord’s rental property, both residential and commercial. At its most simple, landlords insurance provides protection for landlords against the costs of property repairs or reconstruction as a result of disasters such, fire flood or subsidence. The basic Landlord Insurance policy provides valuable disaster insurance, should these events happen to a property, and is often a necessity for obtaining a mortgage or other finance secured on the property. As a low level level of protection, Landlords Insurance should pay out for the total rebuild cost of the landlords property when it has been damaged.
Landlords insurance also provide landlords with liability cover should a third party suffer an injury at the property and hold the landlord responsible for injuries or damages that have happened. It is very important to find the right Landlord Insurance so as the landlord peace of mind to know that all possibilities are covered and particularly that the insurance will pay for the loss of rent whilst the repairs are being done. By comparing the whole market it is possible to see which insurer is offering the best deal and also see which has the best additional features.
Landlord Insurance Information