Insurance for UK Commercial Property Owners
Insuring UK property owners against uncertainty
Protecting key physical assets is essential for creating a successful and sustainable business and is perhaps the most important protection that a company will buy. It is the cornerstone that helps ensure businesses continue to trade after a disaster. At Travelers we understand the wide and varied exposures faced by property owners in the UK.
Our bespoke and detailed policy has no maximum limit for locations and offers an option to quote for both residential and commercial risks. It also includes a broad range of cover extensions as standard. We also offer a risk consultancy proposition for larger risks. Property owners can feel reassured that their business will be protected − even if the worst happens.
Our appetite
We cover
These fall within our appetite, and we’re happy to discuss details.
- Leisure, museums & cinemas
- Offices
- Retail
- Surgeries
- Light industrial, commercial, manufacturing & warehousing
- Medium industrial, commercial, manufacturing & warehousing
We’ll consider
We may need more information to confirm a fit.
- Mixed residential and commercial portfolios
- Heavy industrial/commercial risks
We do not cover
Sorry, we’re currently unable to insure the following.
- Unoccupied (some temporary unoccupancy can be considered as part of a larger portfolio)
- Property developers
- Chemical and heavy manufacturing risks
UK property owners covers & highlights
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Property damage
- Buildings, contents and rent
- High capacity available and where we can’t underwrite 100% of the property risk, we can help with coinsurance solutions
- Buildings, contents and rent
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Property owners’ liability
- Cover limit of up to £10 million, higher upon referral
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Employers’ liability
- Cover limit of up to £10 million
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Terrorism
- Cover for UK only
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Capital additions
- Cover limit of 20%/ £250,000
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Loss of metered water, gas, oil & electricity
- Cover limit of £25,000 any one event and £50,000 in any one period of insurance
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Unauthorised use of electricity, gas, oil or water
- Cover limit of £25,000 any one event and £50,000 in any one period of insurance
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Fly-tipping
- Cover limit of £2,500 any one event and £5,000 in any one period of insurance
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Legal expenses for the eviction of squatters
- Cover limit of £5,000 in any one period of insurance
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Removal of wasp, bee and hornet nests
- Cover limit of £1,000 for any one event
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Removal of vermin
- Cover limit of £1,000 for any one event
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Keys
- Cover limit of up to £5,000 for any one event
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Outdoor trees, shrubs, plants and landscaping
- Cover limit of up to £250 for any one tree, shrub or plant and £25,000 in any one event
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Inadvertent omission to insure
- Cover limit of £500,000 in any one period of insurance
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Trace and access
- Cover limit of £50,000 in any one event
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Clearance of drains
- Cover limit of £10,000 in any one event
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Loss prevention and mitigation expenses
- Cover limit of £100,000 in any one period of insurance or 10% of the property sum insured (whichever is the lower)
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Prevention of access
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Cover limit of £25,000/3 months maximum indemnity period (MIP)
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Public utilities, electric, gas, telecommunications and water
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Cover limit of £25,000/3 months MIP for each utility
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Loss of attraction
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Cover limit of £25,000/3 months MIP
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Managing agents/named insured’s premises
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Cover limit of £50,000
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Add-ons & extensions
These items may be available to add on to your policy
- Legal expenses
- Fidelity guarantee
- Governors and officials indemnity
Business questions
Help us better understand the risk
- Please provide the full construction information, including composite panel core material.
- Does the business have any lease agreements? If so, are full repairing leases in use?
- Is there a property management company in place? If so, what are they contractually responsible for? Do you require an indemnity to managing agents?
- Who is responsible for maintenance and insurance in any common areas such as stairwells and open car park areas? What is the repair/inspection regime of such areas?
- Is there automatic fire detection in place with an appropriate maintenance contract?
- Are there any automatic ‘leakstop’ devices installed and in full operation at the premises that can autonomously switch off the water supply where a leak is detected? This is particularly important in multi-occupancy residential risks.
- In respect of building sum insured, has this been recently reviewed by a professional valuer in the last three years (ideally last 12 months)?
- In respect of any residential policies, can you please tell us about the tenant profile of any residential buildings? Are the risks sprinklered? In respect of multi-occupancy residential blocks over 11 metres, we only accept sprinklered risks.
- For industrial and/or manufacturing property owners risks, what are the fire separation standards between units, particularly in terraced units? If known, what is the proximity to nearest staffed fire station?
- If there are car parking facilities, are electric vehicle chargers provided? Who is responsible for them? How are they maintained and controlled?
- If there are sprinklers at any premises, what are the standards and specifications for their installation and maintenance?
Related products
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Property
Protecting key physical assets is essential for creating a successful and sustainable business and is perhaps the most important protection that a company buys.
SME property owners
Our products for small to medium enterprise (SME) property owners deliver the kind of comprehensive cover and outstanding service you’ve come to expect from us, thoughtfully tailored for small businesses.
Automotive
For organisations that need vehicles to conduct business – whether owned, leased or hired – this insurance cover could minimise potential financial losses, liability and disruptions.
Professional indemnity
Businesses that provide professional advice or services to customers may face allegations of negligence. Professional indemnity cover can protect these companies from potential financial losses when defending against those claims.
Cyber
Every company faces cyber threats and risks. Cyber cover helps businesses deal with the increasing complexity of digital crime.
Let’s start the right conversation
For business
Find a broker
If you’re looking for covers and have a broker, ask about Travelers products.
If you need a broker, start with the right broker directory.
Need to call us directly? Contact us.
For brokers
Let’s save some time
We can figure out what’s best for your client when we’ve got the right information. Please review the questions on this page to get a sense of what we need to know.
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