Guide to leasing

Commercial Property Insurance

What is commercial property insurance?

Commercial property insurance is a type of insurance that provides coverage for physical assets and properties owned by a business. It protects against various damages or loss of buildings, equipment, inventory, furniture, and other physical assets due to events like fire, theft, vandalism, natural disasters, or other unexpected circumstances. This insurance typically covers repairing or replacing damaged property and related expenses such as business interruption, loss of income, or additional costs incurred during the restoration period. This coverage can be tailored to specific business needs and may vary based on the type of property, location, and potential risks associated with the business operations.

How does commercial property insurance work at Indurent?

At Indurent, we have two types of leases with different insurance approaches.

Standard Lease
The insurance cost for the property is divided based on the floor area of each unit, which varies for each property. The insurance policy is renewed annually, so changes may occur periodically. We leverage our size and purchasing power to secure comprehensive coverage for our customers at the most competitive rates possible, passing on the benefits directly without any added commissions or fees.

Smart Lease
With our Smart Lease, the insurance premium payable on your unit is fixed when you take your lease, subject to 3% annual increases. Any changes to the insurance cost will, therefore, be covered by Indurent during the term of your lease. No surprises.

If you are looking to rent an industrial unit in the UK, you can easily find available units for rent or read our guide to leasing. If you have further questions about how commercial property insurance works when renting with Indurent, call us on 0800 122 3330 or contact us via our online form.

Leasing options