Building insurance is something that you want to consider purchasing for any building especially when it is being used for a business purpose. This is because it is vital for the protection of your building and its contents.
What Does Building Insurance Cover?
Building insurance typically covers the structure of the building against damage from fire, flood, storms, subsidence, and other perils. It may also cover fixtures and fittings, and can be extended to include contents insurance for equipment and stock.
When you own a commercial building, having adequate insurance is not just good practice – it may be a legal requirement. Mortgage lenders will typically require building insurance as a condition of the loan, and landlords have obligations to their tenants.
