From small local shops to large multi-national corporations, everyone would like to obtain the best insurance rates and cover for their business property. Owners of commercial properties require building insurance that will cover the property in the event of fire, aircraft or vehicle damage, floods and storms just as any private home-owner would. The owner of the property would also require a policy that would include a rebuild cost if for any reason the building suffers such extensive damage that requires it to be demolished and rebuilt entirely.
Property insurance may come in the form of a general insurance cover or a specialised form of insurance such as fire insurance, flood insurance or earthquake insurance and may include rebuilding or repairing the property and the equipment contained therein.
Commercial property insurance can cover a wide range of properties and risks, including but not limited to: offices, shopping malls, industrial units, factories and engineering works. Liability insurance is usually included as part of a commercial building policy but this is usually restricted to the building itself and not the business that is being conducted from it. Usually an extra policy to cover the contents of the property would also be required for business itself.
In most cases commercial property cover breaks down into four categories, which are: damage to property, loss of rental income, public liability and optional extras. This allows landlords the chance to tailor make a policy which is suitable for them and the building they are letting out for commercial use.
RAK Insurance qualified professional surveyors will conduct survey, recommend and offer advice on how the best cover can be enacted for each client either directly or through our extensive network of brokers and agents, who all have the interests of the client at the core of their business