The perils that are typically covered under this policy are accidental damage, malicious damage, theft, flood, escape of water, subsidence, storms and floods…and some more. Policies come standard with Property Owners Liability at £2,000,000 but can be increased to £5,000,000.
There are also add-ons that you may require depending on the property use. For example, a landlord’s contents, employers liability, terrorism, and legal expenses. It is of the utmost importance to get the commercial property insured for its correct value. This means you will need to employ a surveyor.