Commercial Maintenance Insurance
Public Liability & Business Cover

Commercial Maintenance Insurance | Public Liability & Business Cover

Landscape and surroundings are important for your business, which is why you may want it to look as safe and as fresh-looking as possible. Each aspect of your building is important in keeping your employees safe. The commercial maintenance insurance is designed to find any damages or losses that have been directly caused by a peril specified in the clauses of a policy.

What does commercial maintenance insurance entail?

Wearing or tearing isn’t generally included in an insurance contract mostly because it is believed the damage was done by poor maintenance, not an insured peril. The insurance shouldn’t be seen as an alternative to any sort of good risk management.

Ongoing routine and preventive maintenance will come to the policy holder’s advantage for more than one reason. It will help keep the insured property in a better state of repair, and it will also make the property more resilient to any potential losses. By neglecting the maintenance of a building or an insured commercial property, you will most likely need to add more costly remedial work than you were supposed to – and thus, interrupting the flow of your business.

Commercial Maintenance Insurance
Commercial Maintenance Insurance

Insurance Coverage Options

There is more than one option for commercial maintenance insurance, and each one of them has a different set of rules depending on the structure of the property. As such, here are some from which you can choose.

  • Motor insurance
  • Employee benefits insurance
  • General liability insurance
  • Equipment breakdown insurance
  • Inland marine insurance
  • Umbrella insurance
  • Property insurance
  • Employers Liability

As a business owner, it is your duty to find the best type of commercial maintenance insurance to back up your business.

Commercial Property: Maintenance Checklist

Most insurance companies ask that the insured company be kept at a good standard and do all the maintenance it needs to prevent damage, loss or destruction. It is crucial that you inform your insurer of any changes or facts that may come as a problem for your insurance policy. Regardless if it’s about refurbishments or extensions, the business holder is required to state all the new data that may have changed since the last renewal.

These are the facts that need to be kept in mind when you want to protect your property and offer it good preventive maintenance.

  • The area (roof, walls, etc.) of the insured property
  • The identified problem within a specific location
  • The action required to solve that certain problem
  • The date/action of the completed process

Each change needs to be brought to the knowledge of the insurance companies. Any delays will put you at the risk of extra costs which could have been avoided by following the appropriate routine. In order for a commercial building to bring the necessary profits despite the damage that has previously occurred to it, you need to be sure that it is protected from all sides possible. In order to prevent you from facing liabilities, you may want to contact an insurance contractor like Digital Insurance Brokers Ni and discuss your terms.