What is Commercial Property Insurance
Are you a businessowner?
Every company needs to protect its business premises and contents whether it operates from one location, multi-location or out of the home. The commercial property insurance is the coverage that protects your business and physical asset against financial damages due to fire, theft, vandalism or any other unfortunate incident. The natural calamities such as flooding, earthquake, and storms are not part of a typical commercial property policy, but these can be covered in a tailor-made policy designed specifically for you. A commercial property insurance is a businessman’s best friend in the stressful times and can save the business from loss of thousands of pounds.
Even though it varies from policy to policy and insurer to insurer, a commercial property policy typically covers the following assets of the company.
- Business premises i.e. floor, apartment, office or shop
- Computers, Laptops and other Equipment
- Office Furniture
- Signboards, Advertisement within premises
- Exterior Signs
- Security Equipment i.e. CCTV, Locks
- Other Structures such as Fences, Landscaping
- Important Documents
If you have not insured your commercial property, it is time to do it now. But before you buy a policy, it is time to compare quotes and make the right choice.
How Can We Help You?
The insurance experts suggest homeowners and businessmen get quotes from at least 3 to 4 insurance companies and compare them to get the best price. However, it is a challenging and time-taking process to get multiple quotes, compare them, and select the one that works for you.
Ensurance Compare is born out of the idea to help customers save money on their commercial property insurance by allowing them to compare quotes and directing them to the insurers that offer the best value for money. It is developed to ease the tedious process of going from website to website filling up complex forms and adding same details over and over again to find a good deal on your insurance.
At Ensurance Compare, we do the work while you get the value for money. By filling one simple form, you can get the cheapest quotes from over 100 insurance companies in the United Kingdom. We compare quotes and provide you with the best options that match your details and policy preference. From there, it is an easy road for business owners who can buy the policy with one click. So, it only takes a few minutes of your busy day to compare the policies and premium and land on the best options without any trouble.
Benefits of Using Ensurance Compare
Ensurance Compare is driven by the highest standards of customer care. Anything and everything on the website is to help customers find better deals and save money on their insurance premium. We are an independent website that is not associated with any insurance companies which means that all our results are unbiased and impartial. We do not promote a single insurer but work with various big and small names in the industry to bring you the cheapest deals without compromising the safety of your business.
Here is the glimpse of the greatest features of Ensurance Compare that makes us stand ahead of our competitor and become the preferred choice of customers in the UK.
How Ensurance Compare Works
Ensurance Compare is a dedicated system which is designed to address the needs of the customers looking for an insurance policy. Instead of having one comparison system, we have developed multiple ‘get a quote’ forms that process information individually, fetch quotes from the insurers and compare prices and coverage according to the requirements. We have a comprehensive rating system that compares every aspect including insurer’s claim reputation, claim processing time, coverage features, and the prices to classify quotes.
Through our rating system, we find the quotes that offer the best value to the customers and present them in an easy to understand format. Customers can compare different features to make an informed conclusion. In compare Commercial Property Insurance Quotes, we look at some of the following attributes
- Does it cover physical property of the business?
- Does it provide coverage for the business equipment?
- Does it cover external signs and billboards?
- Does it cover business’ intellectual property?
Types of Coverage
- Does it cover damages due to vandalism or theft?
- Does it cover damages due to natural disasters?
- Does it provide liability and personal injury coverage?
- Does it cover litigation fees for liability or other property disputes?
Size of the Property
The size of the property matters in determining your insurance premium. It is evident that a larger property i.e. shops, office, or retail space is insured at the bigger price than a smaller one.
Location of the Business. Some locations are more prone to incidents than others. For example, if your business is situated in an area where vandalism or theft rate is high, your premium is likely to go up. On the other hand, if your location experiences frequent natural disasters i.e. storms or flooding, it will increase your premium.
Type of Trade/Business
The type of business activity also affects the insurance premium. In a business where claims are more frequent, the premiums are likely to go up. If you own a plant where combustible materials are stocked, you can expect a high premium. It is also the same for any type of business for a higher claim rate.
Sum of the Contents Insured
In our get quote form, we ask you about the sum value of the contents that you want to insure. The value of your contents is directly proportional to the premium value. If the equipment at your business premises is expensive, you will need to pay a higher premium. For example, you are a cloud service provider with expensive servers installed at your premises, in that case, your premium will be significantly high according to the value of the equipment.
Type of Security
The type of security at your commercial premises is directly linked to the premium. If you have an intelligent and robust security system with high-grade locks, CCTV cameras, and burglary alarms, you will get relief from your insurance premium.