Essential coverage for landlords and tenants under Commercial Property Insurance

Insuring your business or commercial property is the first step towards protecting your assets and achieving lasting security. That peace of mind comes only from fully managing the risks that you face, whether it’s through commercial property insurance or specialised business coverage.

Sovereign Insurance Services takes the time to understand your needs and sources the best insurance solutions from a selection of specialist insurers. Our Commercial Properties Insurance policies offer protection from a wide range of risks to a wide variety of interested parties, including:

• Commercial property owners.
• Business owners and tenants.
• Buildings management companies.

Our Commercial Properties Insurance protect your business’s physical assets and equipment, as well as your general liabilities, from damage, natural disasters and lost business income ensuring that your business operates smoothly even after an insurable event.

Our Commercial Properties Insurance policies offer protection for a wide variety of potential business issues, including:

• Commercial property insurance – provides coverage for offices, warehouses, shops, leisure and hospitality premises against accidental damage from fire, flood or storms. From repair costs to full rebuilding costs, including professional fees, or trace and access insurance to cover the cost of locating damage to cables, pipes and drains or the source of leaks.
• Loss of rent insurance – provides coverage when a commercial building can no longer be rented due to covered physical damage, which may also extend to loss of opportunity where a building is untenanted or unleased at the time of the loss.
• Business contents insurance – provides coverage for equipment, stock or documents held or stored in a business’s office or premises from loss, damage or theft.
• General liability insurance – provides coverage for a range of potential claims involving injury to members of the public at your business premises, personal injury or property damage caused by your work or a faulty product produced or supplied by your business.
• Business interruption insurance – provides coverage for lost income from period of not trading due a range of potential business interruptions such as damage to a property or that of subcontractors, suppliers or customers, or a failure in the supply of utilities, or to cover any increased expenditure that is required to keep your business running.
• Legal protection insurance – provides coverage for a range of potential legal issues such as employment disputes, contract disagreements, non-payments or tax or compliance proceedings.

We provide a concierge claims service to ensure that you have support when you need it most. We also offer flexible commercial property insurance coverage options, including replacement cost or actual cash value coverage. Whether you need commercial building insurance, business interruption insurance, or coverage for other business property, we have policies tailored to meet your needs.

A complimentary risk management survey can be arranged to establish fully insurable values, helping to avoid underinsurance penalties should a claim occur. We can also advise how to enhance your security system to minimise your risk exposure.