About the Commercial Property Industry
It is a fact that around 55% of the UK’s commercial property is rented[1] and, combined, that property could be worth around £486 billion[2]. Traditionally, the industry tends to be broken down across office space, retail units, and industrial premises[3] and all bring their own challenges for landlords.
But whichever type of commercial property, or mix of types, you own, there is always a pressing issue or two to think about. Finding and managing tenants, maintenance contracts, and issues such as safety and security are all part of parcel with the role of commercial landlords – as well as broader issues like the economy and general trading conditions, which can affect rents.
So, while investing in commercial property can be a sound investment, it does need careful consideration. It’s vital to know about any legislation or regulations aimed at commercial landlords and to give thought to your commercial property insurance needs – to make sure it would help to protect you, your finances, your assets, and your tenants if something were to go wrong.
Get a Commercial Landlord Insurance Quote
We are here to help you find the insurance cover you need, at the right price. That includes helping you work out what cover you need, gathering no-obligation quotes, and – once you have chosen a suitable policy ‒ getting everything set up quickly and easily. Contact us to find out more. We also offer a range of broader, landlord insurance products including residential landlord insurance, and insurance for holiday lets.
Terms and Conditions
[1] https://www.bpf.org.uk/sites/default/files/resources/PIA-Property-Data-Report-2017.PDF
[2] https://www.bpf.org.uk/sites/default/files/resources/PIA-Property-Data-Report-2017.PDF
[3] https://www.ig.com/uk/news-and-trade-ideas/shares-news/how-is-the-uk-commercial-property-sector-performing----181127
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smei is a trading name of Marsh Commercial, a UK award winning expert in insurance and risk management, and part of the same business family as Marsh, a global leader in insurance broking and risk management. Occasionally a representative from Marsh Commercial may contact you in response to your enquiry if your trade type is better suited to that area of the business.