Business insurance for your business premises
You can buy your business buildings cover as part of a single business insurance policy, so it saves you money and time spent shopping around elsewhere.
If you work from home, you can include buildings cover in your business policy which covers your home and your home office - so no need to pay for two separate policies.
You can insure your premises against damage to the building from disasters such as fire and flood. If you rent your business space, you are unlikely to need buildings insurance. However, you should contact your commercial landlord to make sure.
You can insure the contents of your business premises against damage, destruction, loss or theft. A policy will pay the cost of repair if any of your business possessions are damaged, or pay for replacements if lost, destroyed or stolen.
Home buildings insurance
Traditionally, home insurance policies don't cover you for a home-based office, so you would have to buy two separate policies. However, Simply Business buildings insurance can cover your home and your home office, along with your business contents.
Home contents cover should be bought separately.
Fixtures and fittings cover
While contents insurance covers your possessions, you may also choose to take out fixtures and fittings insurance to cover fixed items such as shelving, kitchen units, carpet or flooring, counters, fixed display cases etc.
Shop front cover
If you keep stock on your premises, it is sensible to insure it separately from your contents insurance.
The value of stock can run to thousands or tens of thousands of pounds -- so if damanged, destroyed or stolen, this loss could take a major financial toll on your business. By taking out stock cover with Simply Business, however, you can insure against this loss and be covered for the cost of replacements.
Details to look out for
- Don’t confuse your market value with your rebuild value on your buildings insurance
- Contents insurance covers items owned by you or for which you are responsible that are contained within the business premises
- Fixtures and fittings insurance only covers items that are permanent, non-movable fixtures
- If you rent the premises, check which insurance covers you need and which are already covered by your rent