Commercial Property Insurance protects commercial buildings and other insured property against specified physical loss or damage.

The exact cover depends on the insurer and policy structure.

What property can be insured? #

Depending on the policy, this can include:

• Commercial buildings.
• Landlord fixtures and fittings.
• Plant belonging to the property owner.
• Signs.
• Gates and fences.
• Other specified property.

Tenant-owned contents normally need to be insured separately by the tenant.

What events can be covered? #

Depending on the policy, insured events can include:

• Fire.
• Storm.
• Impact.
• Escape of liquid.
• Malicious damage.
• Certain natural hazards.
• Accidental damage where included.

Flood treatment varies between policies and locations.

What other costs can be included? #

Commercial Property policies can also provide additional benefits for certain expenses such as:

• Debris removal.
• Demolition.
• Professional fees.
• Temporary repairs.
• Reinstatement costs.

Limits and sublimits can apply.

Does the policy cover maintenance issues? #

Generally, property insurance is not designed to pay for routine maintenance or gradual deterioration.

Issues such as:

• Wear and tear.
• Corrosion.
• Existing defects.
• Poor maintenance.

can be excluded.

Why should the occupancy be disclosed? #

The type of tenant and activities conducted at the property can materially affect the risk.

Tell Webber Insurance when:

• A tenant changes.
• The occupancy changes.
• The building becomes vacant.
• New hazardous activities commence.