About Commercial Property Insurance
Commercial property insurance works very much like home building insurance and can cover all types. Business property insurance protects your business against physical damage to, or loss of, your assets. Assets can include the area in which your business operates and the property stored there.
In the case of catastrophes like fire, explosion, theft, or vandalism, business property insurance helps cover your costs – whether it’s to repair damaged business property or replace what you’ve lost.
Whether you are a freeholder, leaseholder, mortgagee or owner, your premises represent a substantial investment that should be adequately protected. It’s a simple matter of prudent asset management.
Keystone Insurance uses a broad range of insurance companies for Commercial Property Insurance to ensure you get the best possible cover at the lowest possible price.
Property Damage Insurance Perils
A Property Owners Insurance policy covers many risks or perils such as Fire, Storm Lightning, Explosion, Aircraft, Riot, Civil Commotion & Malicious Damage, Earthquake, Flood, Escape of Water, Impact, Theft, Glass & Accidental Damage.
Cover is available for the overall building while contents can also be included.
Public/Property Owners Liability
Property Owners Public Liability Cover is usually included with standard Property Owners Policies and covers third party property damage or injury claims brought against the insured by a third party as owner of the property. A typical example would be a loose slate falling from the roof and injuring a third party.
Employers Liability cover is usually included under a buildings insurance policy and it covers claims brought against the insured as owner of the property for death, injury or illness of an employee working on the property. A typical example would be injury caused to a temporary employee carrying out minor property repairs.
Loss of Rent / Income
This section of the policy covers loss to the insured, following a claim for damage to the property, as a result of rental income lost following the damage.