3 Things You Should Know About Commercial Property Insurance


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Commercial Property Insurance

If you’re running a bricks and mortar small business, and haven’t taken out Commercial Property Insurance, you’re taking a huge risk. And here’s why:

  • Most insurers offer comprehensive, business pack insurance bundles – it’s never been simpler to cover your property’s entire contents. You’re missing out on protection for your materials, tools and other operational equipment.
  • Today’s business environment is far too unpredictable – With the nature of 2016’s economic environment becoming significantly less predictable by the month, can you really afford not to be covered?

Here are three things you should understand about Commercial Property Insurance.

1. Specifics Are What Really Count

Never assume that every aspect of your small business is covered.  When consulting a Commercial Property insurance professional, you will be able to ask questions and they will look deeper into the fine print. An insurance professional will be able to confirm that there’s a mutual understanding of inclusions and exclusions, and what you need protected is specifically mentioned in the cover.

With a general business insurance policy, there will often be categories such as flood damage and sensitive conditions to look out for. For example, things like whether your building is classed as residential or not.

2. Not Shopping Around May Be Costly

Like most things you set out to purchase, a much better deal generally comes available momentarily after you’ve made the financial commitment. The principals of undertaking a bit of homework and comparison research still rigorously apply to Commercial Property Insurance. The only difference is that the consequences of ending up with an inferior policy or being underinsured affect your payout or livelihood substantially.

With an Insurance Broker on your side, you can be sure that you secure the most appropriate policy and your business is fully protected.

3. The Expense Of Not Having It

Insurance is all too often perceived as a classic catch 22. As a loyal customer, you can pay monthly or annual premiums to an insurer for decades without ever needing to make a claim.

On the other hand, the one occasion may arise when your business and wellbeing is entirely dependent on a compensation payout. After thorough analysis of your property’s value, contents and income calculations, you will likely deduce that you can’t afford to not have your signature on a Commercial Property policy.

Understanding precisely what your Commercial Property Insurance policy covers is absolutely vital.  Disaster and misfortune don’t discriminate. Be wise and ensure your small business’ property is accurately and properly covered.  Speak to a broker at PSC Insurance Brokers for more information.


Conditions apply for each policy and the information expected from you for a policy to trigger. Coverage may differ based on specific clauses in individual policies. Please ask your broker to explain the additional benefits and exclusions pertaining to your policy.

The information provided is general advice only and does not take account of your personal circumstances or needs. Please refer to our financial services guide which contains details of our services and how we are remunerated.


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