Speak directly to our team
01603 218000
Unoccupied Commercial Property Insurance
Unoccupied Commercial Property Insurance covers insurance for vacant property and property undergoing renovations. An unoccupied commercial property policy is often more difficult to arrange compared to a standard commercial property insurance policy.
Many insurers are reluctant to provide cover for vacant properties and as a result, premiums can often be significantly higher in comparison to a premises that is occupied. While cover may appear to be relatively easy to obtain, in reality when you check the small print you may find that cover is restrictive. The same applies when a property moves from occupied to unoccupied; while the existing insurer may give a short period of full cover, it could quickly restrict this.
If you have commercial properties where un-occupancy is an issue it makes sense to seek professional advice and guidance on how to protect your assets correctly, this is where we can help.
- Wide acceptance criteria
- Unique scheme with wide coverage
- Independent advice
- Access to multiple insurers
- Coverage for residential and commercial portfolios
The Alan Boswell Group Difference
Alan Boswell Group understand commercial property owners business and the associated issues you face. As such, we have worked with insurers to create a bespoke product aimed at well-managed vacant property. We will take the time to understand your circumstances and will provide expert advice and solutions for you.
How our customers rate us
Very friendly, helpful and understand out needs. Great service.
Managing unoccupied commercial properties
Please review our short guide to managing an unoccupied property.
FAQs
-
No, although cover may be restricted over time there is no maximum period.
-
Contact your insurer or broker immediately to let them know. If you don’t, you risk facing issues should a claim occur
-
This depends on the length of time until it becomes unoccupied and also how long the property will be unoccupied for. Our experts will take the time to understand your situation and advise on the appropriate course of action.
-
Each insurer will vary, but in practice it is common sense to take precautions to reduce risk e.g remove waste, switch off utilities, secure property, regular visits/inspections etc
Get in touch
Ben Howes
Account Executive
Before joining the Alan Boswell Group, Ben Howes worked for NFU Mutual. He worked his way up to being in the New Business team tasked…
Jon Preston
Account Executive
Jon has been working in the insurance industry for over twenty five years. Starting with Aviva Insurance in 1991 in an accounts role Jon also…
Allie Wilton-Lowe
Team Leader - Business
Allie began her career at Alan Boswell Group in 1998 as a Personal Lines Assistant. Since then, she has had a number of roles across…
Related Products
Commercial Property Insurance
Discover the insurance options designed to protect your commercial property including buildings and liability cover.
Commercial landlord insurance
Commercial buildings insurance for landlords from a market-leading broker. We’ll search the market and compare quotes quote so you can choose the best insurance
Landlord Insurance
Flexible Landlord Insurance from a market-leading broker. Compare quotes for your buildings, contents and liability insurance for commercial or residential properties.
Rent Guarantee Insurance
Provides insurance for non payment of rent in the event of a tenant defaulting as well as any landlord legal expenses cover of up to £100,000
Landlord Building Insurance
Landlord building insurance is a vital cover for your rental properties we can search the market, compare quotes and arrange your insurance so you get the best insurance available
Unoccupied Property Insurance and Renovation insurance
Cover for properties that are unoccupied or that are being renovated.
Related News
What Is Commercial Property Insurance?
Commercial Property Insurance is one of the most important things to remember when purchasing your new property.
Landlords...time to prepare for winter?
With global warming constantly in the news, we take a look at steps you can take to protect your let property – from lagging to landlord insurance.