If you own a building you require cover for damage to the property, such as fire, flood, vandalism etc. If you have used the building as security for a loan (such as a mortgage), the lenders will demand a minimum amount of cover to be in place.

Optional extra cover:-

Contents:- Loss and damage cover is available where you have let the property on a "furnished" or "part furnished" premises.

Employers' Liability:- You are legally required to insure employees such as cleaners and maintenance workers.

Property Owners Liability:- This is "Public Liability" insurance for the building itself. For example, a slate may fall off the roof due to poor maintenance and hurt someone or damage their property (such as a car). Additionally, if you are supplying any contents (such as a cooker), you are also liable for these items. In order to obtain liability cover for harm caused by the contents, you must also insure the contents for loss and damage.

Rent:- If your building has been damaged by an insured peril (such as fire) you may have no tenants, losing you rental income. This is often included for free or available at a low cost.

Subsidence:- This cover is usually included automatically under home insurance, leaving you the impression that it is also included under other types of buildings insurance policies. Most commercial premises insurance policies do not include subsidence cover except as an optional extra. If you require this cover you must ensure it has been included.

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