Insurance Products
Commercial Property and SME Package Insurance
Commercial property insurance protects shops, offices, warehouses, workshops and production facilities against fire, theft, water damage, machinery breakdown and business interruption in a single policy.
At a glance
- Status
- Optional
- Core cover
- 6 sections
- Quote turnaround
- Same business day
The greatest risk a business faces is not the physical damage itself but the interruption that follows. Every day closed after a fire means lost revenue, ongoing fixed costs and lost customers. Package policies should therefore be designed to include business interruption cover, not just buildings and fixtures.
Items to declare include the building, fit-out and fixed installations, machinery and equipment, stock and electronic devices. For businesses whose stock fluctuates during the year, setting the sum insured on peak rather than average stock eliminates the risk of underinsurance.
Priority risks vary by sector. Restaurants and cafés face fire and food spoilage; retail faces theft and glass breakage; manufacturing faces machinery breakdown and interruption; warehousing faces stock and transit exposure. The right policy is one built around your sector's actual risk map.
What Is Covered
- Fire, lightning and explosion
- Covers replacement cost of building, fit-out, equipment and stock damaged by fire.
- Theft and safe burglary
- Covers stock, equipment and cash in the safe stolen through forced entry.
- Machinery breakdown
- Covers sudden and unforeseen breakdown of production machinery and technical equipment.
- Business interruption
- Compensates fixed costs and lost profit for the period operations are halted by a covered loss.
- Electronic equipment
- Protects computers, POS terminals, cameras and software systems on an all-risks basis.
- Employer and third party liability
- Covers compensation claims from workplace accidents and damage caused to customers.
Who Is It For?
- Retailers operating shops, stores and branches
- Offices, agencies and professional practices
- Manufacturing plants and workshops
- Warehousing, logistics and wholesale firms
What Is Not Covered
- Losses arising from activities outside the business licence
- Breakdowns caused by lack of maintenance and normal wear
- Inventory shortfalls and stocktaking differences
- Undeclared high-risk manufacturing or storage activities
What Affects the Price
Premiums vary between insurers according to the factors below. We compare 27 partner insurers to find the best fit for your profile.
- Nature of activity and risk class of the business
- Total sums insured for building, equipment and stock
- Presence of fire suppression, alarm and security systems
- Indemnity period of business interruption cover (3, 6 or 12 months)
Frequently Asked Questions
Do tenant businesses need this policy?
Yes. A tenant insures its own fixtures, stock and interruption risk; the building itself is the landlord's responsibility.
How does business interruption cover work?
When a covered loss halts operations, fixed costs and lost profit are paid for the indemnity period stated in the policy.
What if my stock value changes?
Insure on peak stock levels or update the sum insured by endorsement during the year to avoid underinsurance.
Do my employees need a separate policy?
Employer liability covers workplace accidents. For health and life protection, group health and personal accident products are recommended.