Business Premises Insurance

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Quote Ref WS1

	Policies tailored to the needs of your business.		One stop shop for all business premises
	Option to pay monthly - helping your cash flow.		All types of buildings considered including unoccupied.
	Business interruption cover payable for up to 3 years.		Public and Property Owners Liability included as standard

If you own business premises you must ensure that you have adequate cover.

Business premises insurance generally refers to commercial buildings insurance whether the property be let or owner occupied. If the property is owner occupied you will as lo want to cover stock, fixtures and fittings and business contents. When business buildings and contents is insured under the same policy this is often referred to a commercial combined policy.

If you run a business from your own premises you will require the following:-

• Public & Employers liability (Employers liability is a statutory obligation)
• Buildings Insurance
• Business contents insurance
• Cover for business interruption
• Goods in transit (If you make deliveries)
• Loss of license (For licensed premises only)
• Plate glass & Shutters

Most commercial insurance policies of this type offer a menu type system that allow you to pick and choose which elements of cover you want and which you don't. The advantage of this system is that you do not pay for cover that you do not require as can be the case with some standard policies. One other point to consider is whether you require accidental damage insurance or all risk cover as it is sometimes referred to. As a matter of course we include all risks cover in all of our quotes.

If you do not own the business premises insurance you own and it is let out or unoccupied you will need either a specialist commercial landlords insurance policy or unoccupied property policy.

Unlike domestic home insurance policies, this type of policy is generally not index linked. This can lead to confusion when comparing quotes as you may be asked for two figures:-

Reinstatement value: The cost of rebuilding the property in the event of a total loss. Please note this is not the market value.
Buildings sum insured: Normally the reinstatement value plus an additional percentage to protect against underestimates and index linking

Should you be confused about the type of cover needed or available our specialist business insurance advisers are always happy to help.