What types of high street properties do you insure?
As you walk down any high street in Britain you will see a vast number of various businesses that all have different needs when they look for insurance to protect their commercial premises as well as the business itself.
Here we take a brief look at the different types of properties on the high street and the different things that need to be considered when searching for relevant cover.
Retail
There will be a large number of retail properties on the high street, from fashion stores to charity shops; and from pet shops to betting shops. Even within this small number, you can already see some of the different types of insurance coverage that might be required. For example, here is just a small selection:
- public liability insurance;
- insurance for stock
- property cover;
- shop front insurance;
- employers’ liability insurance.
There could also be a need for fixture and fittings insurance, and even business interruption insurance. This is where a business may need to shut down temporarily to carry out repairs due to an insured event – the insurance cover will help with any associated costs, such as loss of trading or temporary accommodation.
In some cases, flood insurance might be needed, so you do need to make sure you have adequate insurance. We can help and advise on the most appropriate package for your own unique business premises insurance needs.
Food and Drink
One of the other main categories of business on the high street is food and drink related. Pubs, clubs, restaurants and takeaways. Food and drink premises will have a number of different insurance “risks” associated with them that means they could need specialist insurance.
These risks could include people with allergies, food poisoning outbreaks or even a loss of licence.
Restaurants might also need to make sure they have adequate public liability insurance, loss of income insurance, amongst other things.
With takeaways, there could be a need to insure for having lots of cash on the premises. If you have a fleet of mopeds for your pizza delivery, you may need fleet insurance cover.
Salons
Again like restaurants, hairdressers, beauty salons, and the like will have very different needs for insurance coverage. Lots of hairdressers will keep stockpiles of products containing chemicals that need correct storage to prevent damage or fire.
As a predominately cash businesses as well, insurance for takings might also be appropriate to protect your businesses cashflow. You will also find public and employers’ liability insurance may typically be a requirement.
Offices
There could be a number of offices on your high street, these range from solicitors to accountants to ..ahem…insurance brokers.
These premises might not have as much stock as some of the other businesses mentioned but will still need public liability and employers’ liability to protect staff. Business interruption and equipment cover can also be a necessity for peace of mind in case of a mishap.
Supermarkets
Supermarkets tend to be housed in larger properties, so buildings cover might be needed to be higher than a normal shop. You might need extra stock levels cover, and increased public and employers’ liability cover, as most supermarkets in this day and age tend to have extended opening hours.
With a larger store comes more fixtures and fittings, so you need to make sure you take all these into account when getting appropriate protection.
Empty or Vacant Property
Sadly with the state of the economy in recent years, there are probably a number of empty commercial properties on your high street. If you are the owner of a property that you can’t rent, there are a number of dedicated specialist insurance offerings for unoccupied commercial properties.
As you can see a high street is not just full of shops, there is a wide range of business types that operate on the high street and various insurance requirements. It is also always best to speak to a professional to make sure you have the most suitable cover for your needs.
Why choose the Property Insurance Centre
Independent advice by approachable staff online or by phone
Access to a wide range of insurers to source suitable insurance cover for your needs
Bespoke Insurance Schemes & Portfolio Policies available
We can tailor your policy to suit your exact needs to give you complete peace of mind
Competitive Premiums
Cover available for the buildings while the property is being converted, renovated or extended
Over 40 years experience working with the best insurers in the UK
Excellent communication so that you understand what risks you are insured against
Why choose the Property Insurance Centre
Independent broker with staff you can speak to by phone or online
Access to a wide range of insurers to source suitable insurance cover for your needs
Bespoke Insurance Schemes & Portfolio Policies available
We can tailor your policy to suit your exact needs to give you complete peace of mind
Competitive Premiums
Cover available for the buildings while the property is being converted, renovated or extended
Over 40 years experience working with the best insurers in the UK
Excellent communication so that you understand what risks you are insured against
Why choose the Property Insurance Centre
Independent broker with staff you can speak to by phone or online
Access to a wide range of insurers to source suitable insurance cover for your needs
Bespoke Insurance Schemes & Portfolio Policies available
We can tailor your policy to suit your exact needs to give you complete peace of mind
Competitive Premiums
Cover available for the buildings while the property is being converted, renovated or extended
Over 40 years experience working with the best insurers in the UK
Excellent communication so that you understand what risks you are insured against
Specialists in Commercial & Residential Insurance
We have over 40 years experience as Residential and Commercial Insurance Brokers. We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks.
Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you. Whatever your requirements, we can tailor a specialist property insurance policy to suit your exact needs and provide you with a range of quotes to choose from. Established in 1976, we are not a call centre but a specialist insurance broker with a traditional office mentality, where the client comes first.
Looking for a quote now? Give us a call on 0800 085 3761 or complete one of our quote request forms.
We are also authorised and regulated by the Financial Conduct Authority and you can view our registration here.
Get In Touch:
[contact-form-7 id="12585" title="New Callback"]We accept most payment types including:
Robert Fisher is a company director of the Property Insurance Centre, who specialise in Business and Property Insurance, serving clients throughout the United Kingdom. His expertise and career in insurance spans almost twenty years.
Robert’s background is in Building Surveying, which he studied at Heriot-Watt University, where he was awarded a BSc (Hons) degree. Much of his educational background is in Building Structural Safety from an engineering perspective.
The knowledge that Robert gained at undergraduate level has lent itself well, particularly as it has enabled him to evaluate the risks associated with certain buildings. This means he knows how best to place these risks and ultimately insure the properties against such risks.
His in-depth knowledge of various methods of construction has enabled him to easily identify which insurer’s underwriting criteria would best fit each client’s needs and provide the correct levels of cover.
Additionally, Robert is responsible for training the team and ensuring that they are always kept up to date with the latest industry developments. This is an area that he is naturally drawn to because of his inquisitive mind, diligence and passion for passing on knowledge to others.
He is a member of the Chartered Insurance Institute (CII) and qualified to Level 3 with the CII.
As part of the Level 3 certification, Robert has undertaken modules in Insurance, Legal & Regulatory (IF1), Insurance Claims Handling (IF4) and Insurance Household Products (IF6).
As a condition of CII membership, Robert continues his professional development by keeping abreast of the latest industry developments.
Contents
- 1 What types of high street properties do you insure?
- 2 Retail
- 3
- 4 Insurance under one roof
- 5 We are specialists in many types of insurance
- 6 Food and Drink
- 7 Salons
- 8 Offices
- 9 Supermarkets
- 10 Empty or Vacant Property
- 11 Block of Flats
- 12 Unoccupied
- 13 Home Insurance
- 14 Residential Landlord
- 15 Land Liability
- 16 Commercial Property
- 17 Lockup Garage
- 18 Restaurant
- 19 Takeaway
- 20 Classic Car
- 21 Mixed Use
- 22 Tradesmen
- 23 Why choose the Property Insurance Centre
- 24 Independent advice by approachable staff online or by phone
- 25 Access to a wide range of insurers to source suitable insurance cover for your needs
- 26 Bespoke Insurance Schemes & Portfolio Policies available
- 27 We can tailor your policy to suit your exact needs to give you complete peace of mind
- 28 Competitive Premiums
- 29 Cover available for the buildings while the property is being converted, renovated or extended
- 30 Over 40 years experience working with the best insurers in the UK
- 31 Excellent communication so that you understand what risks you are insured against
- 32 Why choose the Property Insurance Centre
- 33 Independent broker with staff you can speak to by phone or online
- 34 Access to a wide range of insurers to source suitable insurance cover for your needs
- 35 Bespoke Insurance Schemes & Portfolio Policies available
- 36 We can tailor your policy to suit your exact needs to give you complete peace of mind
- 37 Competitive Premiums
- 38 Cover available for the buildings while the property is being converted, renovated or extended
- 39 Over 40 years experience working with the best insurers in the UK
- 40 Excellent communication so that you understand what risks you are insured against
- 41 Why choose the Property Insurance Centre
- 42 Independent broker with staff you can speak to by phone or online
- 43 Access to a wide range of insurers to source suitable insurance cover for your needs
- 44 Bespoke Insurance Schemes & Portfolio Policies available
- 45 We can tailor your policy to suit your exact needs to give you complete peace of mind
- 46 Competitive Premiums
- 47 Cover available for the buildings while the property is being converted, renovated or extended
- 48 Over 40 years experience working with the best insurers in the UK
- 49 Excellent communication so that you understand what risks you are insured against
- 50 Specialists in Commercial & Residential Insurance
- 51 Get In Touch:
- 52 We accept most payment types including:
- 53 UK Call Handlers & Dedicated New Business Team
- 54 Call Us on 0800 085 3761
- 55 Robert Fisher
