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Things you must know about Commercial Building Insurance

Who needs Commercial Building Insurance?

Anyone who owns a building that is used for commercial purposes should definitely have commercial building insurance.

Why should you take out Commercial Building Insurance?

Whilst we never believe it can happen to us, buildings do burn down, they are flooded and they are wrecked by weather perils.  Costs of rebuilding or repairing buildings are exorbitant and this is often only truly realised after the tragedy has occurred. Have you considered your lost rent, the costs of removing the debris, the architect fees & the engineering costs?  If you're not insured, it's going to be paid from your pocket.  Insurance costs a fraction of the price of reconstructing or repairing your building. Taking out Commercial Building Insurance is a prudent way to ensure that your business will survive even if your building does not.

How much does Commercial Building Insurance cost?

We have a large book of clients with many different Insurance Companies, so we will be able to find the most beneficial policy with the best premiums for your business.

Typical Claims incurred on Commercial Building Insurance Policies

The most common claims on Commercial Building Insurance policies involve burst geysers, malicious damage & hail damage to the building or fittings e.g shade cloths. We also receive many claims for gate motors & access control systems, caused usually by lightning or theft. The most expensive claims are caused by fires & flooding. These can be devastating as they can completely destroy buildings. With the ever changing weather patterns, these are becoming more  common.

What other insurance should be considered along with Commercial Building Insurance?

Whilst the building is often the most expensive item to replace, the contents of the building should never be ignored. Business Insurance should be considered for all companies and tenants who use the building. We also highly recommend that you carefully consider Loss of Profit and Business Interruption insurance.

GET A QUOTATION:

Click here to send us an e-mail requesting a quote -> insurance@barrington.co.za 

We will e-mail you a quotation as soon as possible.

Contact details will be kept confidential and will not be used in any way other than as described above and will not be shared with any other parties.

Please note that we can only insure in South Africa.