What are the main features of a Business Premises Insurance Policy?
Help to protect your business premises with wide-ranging coverage against risks like fire, floods, storms, subsidence, riots, and theft. In the event of damage or destruction from an insured event, your policy will cover repairs or rebuilding, including professional fees. Insurance costs can vary based on factors such as location, rebuild expenses, construction type, property age, occupancy, business type and security measures.
Main Features
- Covers repairs or rebuild of the property arising from damage caused by an insured event such as fire, flood, storms, subsidence, vandalism, riots or theft. General wear and tear including issues arising from lack of maintenance is not covered.
- Can include necessary expenses such as professional fees (surveys, architects, etc).
- Where damage is caused by cable, drain or pipe work, cover can include investigative ‘trace and access’ work.
- Can include glass and signage repairs or replacement where required.
- Can include additional fixtures and fittings such as gates, fences, car parks and garden landscaping where required.
- Can include optional extras such as stock/cash, signage, employee theft, goods in transit, etc.
- Can include Business Interruption Insurance to protect your income and business expenses (e.g. taxes, wages, etc) if you are unable to trade due to the damage caused.
- Can be incorporated into a Business Insurance package to include other insurance types such as Liability and Professional Indemnity.
