Compare commercial property insurance

Why compare commercial property insurance

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You can compare commercial property insurance from the UK's biggest brands

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Do I need commercial property insurance?

Commercial property insurance in the UK is not legally required by law. However, it is highly advisable and often considered essential for businesses that own or lease commercial properties.

If you want protection against loss and damage, liability coverage, business interruption coverage and peace of mind, then it is definitely recommended.

Factors that affect the price of commercial property insurance

Type of property

The nature of the commercial property, such as whether it's an office building, retail space, or industrial facility, affects the risk profile.

Age and construction

Older buildings or those with unique construction materials may have higher premiums due to increased susceptibility to damage.


The area's susceptibility to natural disasters, crime rates, and other local factors can influence insurance costs.

Property value

The higher the property value, the more expensive it may be to insure.


Larger properties generally have higher premiums due to increased replacement and repair costs.

Type of business

The nature of the business conducted on the premises affects the risk level. For example, a restaurant may have different risks than an office.


Properties with robust security measures, such as alarm systems, surveillance cameras, and security personnel, may qualify for lower premiums.

Claims history

A history of frequent or significant insurance claims can lead to higher premiums.

Continuity planning

Insurers may consider whether a business has implemented measures to mitigate risks and ensure continuity in the event of a disruption.

Industry type

Certain industries may have specific risks that influence premiums.

Liability coverage

The inclusion of liability coverage affects premiums, especially for businesses with higher liability risks.

Risk mitigation

Implementing risk management practices, such as fire prevention measures and safety protocols, may positively impact premiums.

What does commercial property insurance cover?

Property damage

This includes damage to the physical structure of the building or any attached structures. It may cover damage caused by fire, storms, vandalism, or other perils specified in the policy.


Coverage extends to the business's contents, such as equipment, inventory, and furniture, against perils like theft, fire, or other covered events.

Business interruption

This coverage helps replace lost income and cover expenses if your business is unable to operate due to covered property damage. It may include the costs of temporary relocation, employee wages, and ongoing expenses.


Some policies include liability coverage, protecting the business against claims of bodily injury or property damage that occur on the premises.

Legal expenses

Coverage for legal expenses in case the business is sued due to property damage or liability claims.

Wear and tear

Normal wear and tear, as well as gradual deterioration, is typically not covered.

Earthquakes and floods

Coverage for earthquakes and floods is often excluded, and businesses may need to purchase separate policies for these risks.

Acts of terrorism

Depending on the policy, coverage for damage caused by acts of terrorism may be excluded or require additional coverage.


If the property damage is a result of the business's negligence, it might not be covered.

Specific perils

Some policies may only cover specific perils explicitly listed in the policy. It's essential to review these perils and understand what is excluded.

What other business insurance do I need?

The specific business insurance policies you need in the UK can vary widely depending on the nature of your business, its size, and the risks it faces. Some common types of business insurance coverage that you should consider include:

  • Public liability insurance
  • Employers’ liability insurance
  • Professional indemnity insurance
  • Product liability insurance
  • Business property insurance


Need more help?

Not all perils are covered. Commercial property insurance policies have specific lists of covered perils, known as “named perils” policies. However, you can also choose to have an “all risks” policy that covers all perils except those specifically excluded.

Some perils, such as floods and earthquakes, are typically excluded from standard commercial property insurance policies. You can purchase separate policies or endorsements for these specific risks if your property is located in an area prone to such events.

To determine the value of your business property, consider factors such as replacement cost (the cost to replace property with a new equivalent), market value, and depreciation. Consult with an insurance professional for an accurate assessment.

To file a claim, contact your insurance provider as soon as possible after an incident. They will guide you through the claims process, which typically involves providing documentation and information about the incident.

You can often make changes to your policy during the policy term, such as adjusting coverage limits or adding endorsements. Contact your insurer to discuss any changes you wish to make.

You can often add endorsements or riders to your commercial property insurance policy to cover specific risks or assets that are not included in the standard policy.

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