Buildings Insurance

Fires, explosions, floods, leaks, riots, earthquakes, fallen trees – they’re all hazards that can cause potential damage to your work premises, and they’re all covered by buildings insurance.

There are some helpful pointers to remember here. For starters, if you rent your business premises, you might not even need buildings insurance – but it’s important to check this with your landlord.

Secondly, always make sure that your cover represents an up to date rebuild value (not the market value) of your workplace. The sum insured should also include removal of debris, architect and surveyor fees.

And finally, as with other sections in your policy, an average clause may apply. In other words, if lost or damaged items are insured for less than their value, then the cover you receive will be reduced by the proportion that you are under insured. Feeling unsure about any of this? Just pick up the phone and talk to us.