There are many landlords who own Commercial property who come to us either as they have been recommended due to the services we offer or because they have had difficulty trying to find commercial property insurance for their properties.
Building insurance for an Indian Restaurant is always tough to get when tendering the standard mainstream markets likewise building insurance for a fish and chip shop.
Most insurers are not overly keen to underwriter business in which deep fat fryers are used given the potential fire hazard – the ones that do tend to place endorsements on policies to ensure their own safety, such as ensuring the deep fat fryers are cleaned out at least every six months. So if you do own a commercial premises in which a restaurant/fast food/takeaway operates from it is imperative that you comply with these endorsements ensuring you are fully covered.
Another tricky trade to find building insurance for are Tyre shops – Getting the correct or obtaining ANY Tyre shop insurance is a quest in itself, given the, again, high fire risk, as of course tyres are highly flammable and highly toxic.
I’m sure a good percentage of people over 50, have seen the dark smoke jetting up into the air, from a Tyre shop which has caught alight.
Due to this claims hazard underwriters are not keen to quote for these buildings risks, not only because of the immediate fire hazard, but of course the resulting pollution damage that can occur.
So when looking for insurance for commercial properties it’s vital to ensure you are dealing with a specialist broker than can assist you obtaining the best possible terms at the best possible premium – luckily for you, you’re on the right website.
Give our commercial property team a call for a quotation or contact us here.
