Agility Commercial
Placing square pegs in round holes can be challenging - a bit like placing unoccupied commercial property.
Insuring vacant commercial property can be difficult. The risk of damage due to vandalism, flooding or fire is greater and the building is more liable to squatters moving in or causing damage to an empty property.
At Keelan Westall, we know brokers and their commercial property owners’ clients need buildings insurance cover for vacant industrial units, shops, offices and other business premises whilst they stand empty, especially in the current economic climate where one in seven shops remain vacant across the UK.
With minimum premiums starting at £250 plus IPT, our Unoccupied Commercial property product for small long-term risks offers two levels of cover:
| Level 1 cover: |
FLEEA – Fire, Lightning, Explosion, Earthquake, and
Aircraft
|
| Level 2 cover: |
Fire, Smoke, Lightning, Explosion, Aircraft, Malicious Persons and Tenants, Riot & Civil Commotion, Earthquake, Subsidence, Heave or Landslip, Storm or Flood, Escape of Water, Impact, Leakage of Oil, Falling trees, Falling Television and Radio Aerials and Theft or Attempted Theft
|
Limitations
- Buildings and contents (landlords fixtures and fittings only) - £750,000
- Property Owners Liability - £2 million (increasing to £5 million for additional premium)
- Multi-risk policies with a total sum insured in excess of £1.5 million must be referred to underwriters for agreement; the maximum total sum insured in respect of buildings and/or contents is £2 million.
Excesses
- Fire, Lightning, Explosion, Earthquake, and Aircraft - £500
- Subsidence - £1,000
- All other perils - £500
Exclusions
- Thatch Roofs
- Properties to be demolished
- Nightclubs
- Schools
- Colleges
- Recycling risks
- Religious buildings
To find out more, speak to your Business Development Manager or Account Handler. Alternatively, please call 0845 0500 313 or visit us online.
Agility Commercial
Placing square pegs in round holes can be challenging - a bit like placing unoccupied commercial property.
Insuring vacant commercial property can be difficult. The risk of damage due to vandalism, flooding or fire is greater and the building is more liable to squatters moving in or causing damage to an empty property.
At Keelan Westall, we know brokers and their commercial property owners’ clients need buildings insurance cover for vacant industrial units, shops, offices and other business premises whilst they stand empty, especially in the current economic climate where one in seven shops remain vacant across the UK.
With minimum premiums starting at £250 plus IPT, our Unoccupied Commercial property product for small long-term risks offers two levels of cover:
| Level 1 cover: |
FLEEA – Fire, Lightning, Explosion, Earthquake, and
Aircraft
|
| Level 2 cover: |
Fire, Smoke, Lightning, Explosion, Aircraft, Malicious Persons and Tenants, Riot & Civil Commotion, Earthquake, Subsidence, Heave or Landslip, Storm or Flood, Escape of Water, Impact, Leakage of Oil, Falling trees, Falling Television and Radio Aerials and Theft or Attempted Theft
|
Limitations
- Buildings and contents (landlords fixtures and fittings only) - £750,000
- Property Owners Liability - £2 million (increasing to £5 million for additional premium)
- Multi-risk policies with a total sum insured in excess of £1.5 million must be referred to underwriters for agreement; the maximum total sum insured in respect of buildings and/or contents is £2 million.
Excesses
- Fire, Lightning, Explosion, Earthquake, and Aircraft - £500
- Subsidence - £1,000
- All other perils - £500
Exclusions
- Thatch Roofs
- Properties to be demolished
- Nightclubs
- Schools
- Colleges
- Recycling risks
- Religious buildings
To find out more, speak to your Business Development Manager or Account Handler. Alternatively, please call 0845 0500 313 or visit us online.
|