Commercial Landlord Insurance | Compare Quotes Online (2024)

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If you rent out your property for business purposes, protect your investment with commercial landlord insurance.

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Compared against 9 leading insurers
Quote for various commercial buildings including shops, offices and warehouses
20+ years of experience

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What does commercial landlord insurance cover?

Storm
Escape of Water
Fire
Flood
Property Owners Liability

What isn't covered

Wear and Tear
Damp
Contents unless specified

Types of commercial properties we insure

Shops

Offices

Warehouses

Our expert says...

"CIA can offer commercial landlords a policy that is tailored to meet their specific requirements. Always ensure you provide the correct information so that your policy meets all your needs."

Richard Wayman - Finance General Manager

Do commercial landlords need insurance?

Since commercial properties are usually bigger and have higher maintenance costs, they are usually a larger investment than residential properties. However, the return on commercial properties is higher and tenants will sign up for longer-term contracts which gives landlords stability.

Renting out a commercial property comes with more risks. For example, hazardous activities can be carried out in factories, increasing the chances of making a claim compared to residential buildings.

As commercial landlords have made a greater investment and there are more risks, it's even more important to take out insurance. If the property was damaged and uninhabitable the landlord's cash flow would take a hit. Insurance protects your investment against insurable perils and gives you peace of mind; commercial landlord insurance doesn't have to be expensive either.

How much does commercial landlord insurance cost?

The cost of commercial buildings insurance for landlords will depend on numerous factors such as:

The type of commercial property
The age of the property
Property location
Rebuild costs
The type of business that will be running from the property
The level of excess
The number of properties that you want to insure - we offer multiple property discounts
Your claims history

Compare commercial landlord insurance

Insuring a commercial property is riskier for providers as certain business activities can have health and safety implications. As a result, it can be hard to find insurers that will accept your application, and the cost may be high.

With CIA, you can be confident in finding the right cover at a competitive price. We compare commercial landlord insurance from 9 providers to get you the best deal. Our experts will understand your needs to ensure you only pay for what you need.

What our customers are saying about their commercial landlord insurance From independent cafes to corporate offices

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Frequently Asked Questions

You need to advise CIA if the property becomes unoccupied for more than 45 days. We will talk you through your policy terms as each insurer has its own unoccupancy clause.

Commercial landlord insurance (also called business landlord insurance) is a specialist cover for landlords who let out their property for business reasons. Commercial properties can include shops, offices and warehouses. You can take out cover to protect the building and contents from perils such as fire, flood and theft.

Commercial landlord insurance is for landlords who let out their properties for business use, or have a portfolio of commercial and residential buildings.

Yes, we can offer this cover providing they are on the same title deeds.

The level of excess will depend on the building being insured and the amount of cover you require. Excess is £250 for most perils.

30 days.

The owner of the commercial property or landlord is responsible for the buildings insurance. Landlords typically pass this cost on to the tenant. It’s a good idea to clarify this in the tenancy agreement before the letting.

Yes, commercial landlord insurance is tax deductible as it is categorised as an ‘allowable expense’ by HMRC.

If tenants can no longer work in the building, they can’t be expected to pay their rent. A commercial landlord insurance policy will cover loss of rent so that you aren’t out of pocket providing the damage was caused by an insured peril.

Commercial property insurance isn’t a legal requirement, although your mortgage provider may require it as a condition of the loan.

The cost of landlord insurance premiums can vary between commercial and domestic building policies due to the different building and tenant types involved.

The majority of residential properties are constructed from brick whereas commercial buildings use a variety of materials. Each material will pose its own level of risk, which will affect premiums. For example, bricks are hardwearing and cheap to insure. Whereas concrete walls are prone to cracks and timber is a greater fire hazard, and the insurance cost will reflect this. In addition, commercial buildings have more complex heating and electrical systems, which will cost more to repair, pushing premiums up.

Various tenant types can be covered with standard landlord insurance including students, DSS tenants and professionals. These tenants will not carry out business from home, and are fairly low risk. In contrast, commercial premises could be the home to hazardous activities and there is a greater risk of damage and accidents.

CIA can advise you on the level of cover you need for the type of building and the tenants that will be working from the premises.

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