Many people purchase insurance and put a large excess on the policy as they think they will never use it but it’s important to note that in 2018 property insurance companies in the UK paid more than £15 billion in claims*.
One article ** noted the top most common insurance claims made by small businesses in 2018 were for:
Burglary and theft
Water escape and frozen pipes
Wind and storm damage
Fire
Slips, trips and falls by members of the public
The type of building you have and the frequency of access by tenants and members of the public will clearly influence the likelihood of having to make a claim, as will the age and type of building being insured.
*Statistica.com
**https://www.thebalancesmb.com/common-insurance-claims-462673
