Commercial Property Insurance
Commercial property insurance is essential for protecting business premises and assets against risks such as fire, theft, natural disasters, and liability claims. At Knightsbridge Insurance Group, we provide tailored solutions for property owners, landlords, and tenants to safeguard their investments and ensure business continuity.
Property Damage Protection
Covers physical damage to buildings, equipment, inventory, and furnishings due to fire, storms, malicious damage, and water damage.
Business Interruption
Provides financial support for lost income and ongoing expenses if operations are disrupted due to a covered event.
Public Liability
Protects against third-party claims for bodily injury or property damage occurring on the premises.
Flood and Natural Disaster Coverage
Optional protection against floods, earthquakes, and other disasters not typically included in standard policies.
Loss of Rental Income
Ensures rental revenue continues if the property becomes uninhabitable due to covered damage.
Legal Expenses
Covers legal costs associated with property disputes, lease agreements, evictions, and recovery of rent arrears.
Contents and Stock Protection
Protects furniture, equipment, inventory, and tenant improvements against fire, theft, and vandalism.
Glass and Signage
Covers damage to shopfronts, windows, doors, and business signage not covered by the landlord’s policy.
Tenant Improvements and Betterments
Protection for permanent alterations or fixtures added to leased property by tenants.
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Our priority
Don't let the complexity of insurance get in the way of your peace of mind. Simply fill out the form and one of our expert insurance brokers will contact you to help you find the coverage you need.
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What factors affect the cost of commercial property insurance?
Premiums depend on factors such as building age, construction materials, security features, location, claims history, and coverage limits.
Does insurance cover equipment breakdown?
Standard policies may not include this. Additional mechanical breakdown coverage is recommended for businesses relying on specialised equipment.
How do I determine the correct building valuation?
Professional valuation services ensure accurate replacement costs, preventing underinsurance or excessive premiums.
What’s the difference between replacement cost and actual cash value?
Replacement cost covers full replacement with new items, while actual cash value accounts for depreciation, resulting in lower payouts but reduced premiums.
Do landlords need separate insurance if tenants have their own coverage?
Yes. Tenant insurance only covers their contents and liability, while landlords need coverage for the building structure and landlord-specific risks.
Are commercial landlord insurance premiums tax-deductible?
Generally, they are deductible as a business expense, but consulting a tax professional is advised.
What happens if a property remains vacant between tenants?
Most policies have vacancy clauses that limit coverage after a specific period. Inform your insurer to maintain protection.
Does commercial landlord insurance cover tenant damage?
Malicious damage by tenants is usually covered, but normal wear and tear is excluded. Specific coverage options are available.
Do commercial tenants need insurance if their lease doesn’t require it?
Yes, tenant insurance protects business assets, income, and liability, mitigating financial risks.
Can tenant insurance cover rent payments if the space becomes unusable?
Business interruption coverage can include continued rent obligations if premises become uninhabitable due to a covered peril.
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Why work with Knightsbridge Insurance Group?
Knightsbridge Insurance Group is an Insurance Broking Business with over 70 years of collective insurance experience and is founded on generational values that make you feel secure, protected and cared for. As we grow and expand the Knightsbridge Family, we continue to have a deep understanding of your desire to innovate and be extraordinary — both in business and in life.
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Commercial property insurance is essential for protecting business premises and assets against risks such as fire, theft, natural disasters, and liability claims. At Knightsbridge Insurance…