Insuring the business premises

If you have business premises, taking out a suitable insurance policy will ensure you are covered for damage from a variety of causes. While you should check the policy details carefully, our standard contracts will insure your buildings and premises for a range of risks including:

• fire and lightning
• explosion
• Bursting and overflowing of water pipes
• Storm and tempest
• flood
• damage caused by vehicles

If you are a tenant, ask your landlord who is responsible for insuring the premises. Normally this is the landlord. The tenant, however, is usually responsible for shop fronts.

You should notify Thames Insurance Group if your premises are left unoccupied for any length of time. Cover is likely to be reduced to fire only.

You need to insure your business premises for the full rebuilding cost, known as reinstatement, rather than just the market value. You will only be able to claim the cost of what you have insured, regardless of the amount of damage.