Property Owner's Insurance
If you own a shop that you let out to someone then you will no doubt wish to make sure that it is suitably insured for both the buildings and any fixtures, fittings and contents that you are responsible for. However, because someone else is using the property, you will no doubt wish to ensure a number of other potential risks are covered.
So, Property Owners Insurance will cover the building and any permanent fixtures and fittings should they be damaged due to such things as fire, storm and flooding including damage caused due to a burglary or some other malicious act. If you have any of your own contents within the shop premises you can also arrange to cover them.
Other risks that can be covered within a Property Owners Insurance policy are the loss of any rental income for a certain period of time due to the rental property being damaged such that the tenant is unable to trade from it. Another potential valuable benefit is Property Owner's Liability insurance as, should someone be injured because of your property, you would be covered for any legal expenses should they sue you.
Also, Public Liability Insurance can be included to cover claims made by people who are injured or their property damaged whilst at the property that you own. If you have any employees, then Employers' Liability, which is a legal requirement, can be included should one or more of them be injured or die whilst carrying out an activity in connection with your business and you be sued. For instance, you may employ a handyperson who maintains a number of properties for you who may have suffered a serious fall whilst carrying out some repair work at one of your properties keeping him or her off work for some time.
So, if you would like to receive a competitive quote for Property Owner's Insurance, feel free to contact us and we will be pleased to assist.