When a commercial property is empty, it is considered by insurers to be a higher risk. The reason you need unoccupied commercial property insurance is to ensure that your building has adequate cover in tune with this higher risk.

The reasons that insurers deem unoccupied commercial properties to be high risk are:

  • They have a higher chance of being vandalised
  • They have a higher chance of break-ins
  • There is a greater risk of accidental damage
  • As the property is not being used it is more likely that it is not being checked regularly enough, which means that small damages could be overlooked and become worse.
  • If there were to be a flash flood or a fire, there would be no one on-site to immediately notice and take the correct actions.