Commercial Property Insurance
Competitive Business Property Insurance Backed By Independent Advice
Sandbach insurance brokers
Commercial Property Owners Insurance
Looking for competitive commercial property insurance backed by outstanding customer care? Call the JMG Sandbach team today on 0161 300 2930 and let our independent specialists compare the market to find you the business property insurance that’s right for you. Whether you need cover for a shop, office, warehouse, restaurant or some other type of business premises, we can help. To find out more or to get a business insurance quote, call us on 0161 300 2930 or contact us and let us get you the protection you need.
Why Get Your Commercial Property Insurance From JMG Sandbach?
Since our founding in 1995, we’ve helped hundreds of business property owners get the commercial property insurance they need. Our clients choose us as we offer a fantastic combination of service and value that gives you:
- Highly competitive cover from leading insurers
- Personal service from quote to claim
- Independent advice
- Help from insurance specialists who are commercial property insurance experts
To experience our exceptional service for yourself, call us on 0161 300 2930 or contact us and let our team help you get the business property insurance that’s right for you.
What types of commercial property insurance are there?
Broadly speaking, there are two types of commercial property owner’s insurance:
- Buildings insurance – which covers the cost of repairing or rebuilding your business’s premises if they are accidentally damaged or destroyed. If you rent your premises, then you shouldn’t need to worry about this as it will be taken care of by your landlord. If you own the building and have a mortgage on it, then it’s likely that your mortgage provider will insist on your having buildings insurance in place. Even if you own the building outright, you’d be wise to have buildings insurance as it will cover you against the cost of repairs or rebuilding your property should something happen
Important note on underinsurance: When getting a commercial property insurance quote, make sure you give your broker the cost of rebuilding your property and not just the market value. According to risk management firm Gallagher, 46% of the UK’s commercial properties are currently underinsured, with the average shortfall being 40%. This could mean a gap of tens if not hundreds of thousands of pounds in the event of a rebuild claim. If you’d like some advice on avoiding the property underinsurance trap, please call us on 0161 300 2930 or contact us, we’ll be happy to help
- Contents insurance – covers the contents of your premises including stock and equipment against loss, theft, or accidental damage. It doesn’t usually cover tenants’ contents, and they will need to take this out themselves. There are two types of business contents insurance:
- New for old – which replaces contents with new like-for-like ones
- Indemnity contents policies – which factor in wear and tear, replacing items at their current market value rather than the full replacement value. Indemnity contents insurance is usually cheaper, but can prove costly in the event of a claim, especially as inflation has been relatively high of late
How much does commercial property owner’s insurance cost?
Your commercial insurance premiums will be calculated based on factors such as
- Your premise’s postcode
- What it’s being used for
- The level of security
- The level of excess – the amount you pay in the event of a claim – you’re willing to pay
- It’s rebuild valuation
- If there are any contents – and if so, what they are and the value
- Whether it’s at risk from flooding
- If you have residential tenants living above it
- Your claims history
- The amount of people who visit it
If you’d like a commercial property quote, then please call us on 0161 300 2930 or contact us and let our team help you get the cover that’s right for you.
What can commercial property owner’s insurance cover?
Commercial property insurance can offer you a wide range of covers, such as:
- Accidental damage – should something be accidentally broken, you’ll be able to make a claim
- Malicious damage – should someone deliberately break or damage your property or its contents, you’ll be able to make a claim
- Contractors’ insurance – if you hire contractors to do repairs, maintenance or renovations on your property, then contractors’ insurance can protect you against things like damage to your property, sub-standard work or injuries
- Glass and sanitary ware – covers the cost of replacing accidentally damaged internal or external glass and sanitary ware
- Cables and underground pipe cover – for any costs incurred due to damage to pipes or cables – this includes essential utilities e.g., gas, electricity, and water
- Stock – assuming it is yours and not your tenant’s
- Terrorism – cover for terrorism is supported by the Pool Re scheme, which provides government-backed funding to ensure that business owners are protected against losses from damage caused by acts of terrorism
- Property owners’ liability insurance to protect against third party injuries or property damage
- Legal expenses cover for disputes such as data protection, employment, VAT, repossession, etc.
How to save on commercial property owner’s insurance
There are several easy ways to potentially get cheaper commercial property owner’s insurance, including:
- Use an independent insurance broker such as JMG Sandbach – we can do the shopping around for you and have access to policies that aren’t available to the public
- Improve your premise’s security by fitting CCTV, burglar alarms, window grills, etc.
- Not leaving cash on the premises overnight
- Securing your stock – especially valuable goods such as alcohol, computers, or jewellery
- Increase your excess
- Get a multi-property insurance policy if you have more than one property to insure
Commercial property insurance FAQ
Commercial property owners’ insurance can be a complicated area of cover. To help you get the answers and the protection you need, here are our commercial property insurance frequently asked questions. We hope they’ll be of use, but if you’d like some personalised, independent help, then please call us on 0161 300 2930 or contact us and one of our property insurance specialists will be happy to help.
No, but if you have a mortgage, then your mortgage lender will likely insist on you having insurance in place
At JMG Sandbach we can insure all kinds of commercial premises. Whether it’s a shop, office, pub, warehouse, factory, a showroom, a takeaway restaurant, a salon, or something more specialist, we can offer you affordable, high-quality cover
That will be dependent on factors such as your premise’s postcode, its value, how many people visit it, what it’s used for, its rebuild valuation, and how much excess you are willing to pay in the event of a claim
Getting a commercial property insurance quote from us is easy. You can call us on 0161 300 2930 or contact us and one of our property insurance specialists will be happy to help. Thanks to our wide range of insurer partners and our own underwriting teams, we can compare our markets to find you the cover you need at a premium you’ll like
Contact JMG Sandbach
If you’d like some independent insurance advice or commercial insurance quote, please call our experienced team of independent insurance experts on 0161 300 2930 or contact us today and we’ll give you all the help you need protecting what matters to you.