If you’re a landlord, you’ll need to protect your investment against the unexpected. That’s especially important if you own a commercial property such as a shop or an office.
Thankfully, that’s where Swinton can help. We work with a panel of carefully selected insurers within the UK, which means we have the flexibility to cover a range of property types and values to find you a policy that meets your needs, at a price that fits your budget.
Commercial Landlord Property Insurance is similar to normal house insurance that most people are familiar with. You’ll need to protect your building and any contents that you include as part of your tenancy agreement.
In addition to risks such as fire and flood, landlords of commercial properties are also liable for any injuries or damage that occur on your property. That’s our commercial property policies includes landlord liability insurance (also known as property owners’ liability insurance). It covers you for compensation claims in the event one of your tenants or a visitor is injured due to an issue with your property.
A commercial property can be defined as one that generates some form of income for the owner. This could be an office, workshop, restaurant or even a residential property that’s rented out.
Types of commercial property include:
There are several factors that determine the final price of your Commercial Landlord Property Insurance. Your quote will depend on:
While Commercial Landlord Property Insurance isn’t a legal requirement it is still highly recommended to protect you and your investment should the worst happen. Like home insurance, it protects you from significant financial loss in the event that your property burnt down, there was extensive flood damage or you faced a hefty compensation bill for injury or death of a tenant.
It’s also worth noting that some lenders will require property owners to have commercial buildings insurance as part of the mortgage agreement. If you own your commercial property and you don’t have insurance, you may be violating a clause of your agreement.
Commercial Landlord Property Insurance covers you for far more than just your premises. A policy from Swinton Insurance can include coverage for the following:
We work with a panel of carefully selected insurers within the UK which means we have the flexibility to cover a range of property types and values to try to find a policy that meets your needs, at a price that fits your budget.
Even the best landlords can find themselves in legal disputes from time to time. Landlord Legal Protection provides up to £75,000 towards legal costs in relation to certain legal issues related you your property. You can add Landlord Legal Protection and Rent Guarantee to your Landlord Property insurance.
Renting out a property can be stressful if you don’t have a policy that covers all your needs. Thankfully, Swinton’s Buy-to-let property insurance is designed to give you comprehensive cover against damage and financial loss.
Unoccupied properties are more susceptible to break-ins and squatting, so some insurers exclude unoccupied properties from their policies. However, properties that are temporarily vacant (for renovations, for example) may still be covered. We compare Commercial Landlord Property Insurance quotes from a specially-selected panel of insurers to give you the lowest price we get back.
Accidental damage is the result of an unintentional action. It generally refers to one-off incidents that lead to permanent damage to floors, walls and windows. Normal ‘wear and tear’ damage — such as scratches on walls and floors — may be excluded from coverage.
Yes, it can. As we work with a panel of carefully selected insurers we can work to find a policy that meets your needs, including if your building contains both domestic and commercial properties.