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Commercial property insurance
Tailored policies for unique business needs
Covers fire, theft, vandalism, and flood damage
Ensure repairs and replacements keep your running
Helping businesses with specialist insurance
Finding you the best cover
We have a panel of over 30 insurers to discover suitable quotes and tailored cover for your needs at the best price.
Experts
Our team of insurance specialists has a wide range of industry and sector experience to ensure we find the best cover for you.
Personalised cover
Our agents conduct a thorough fact find to understand your unique requirements, then work with insurers to get you the cover you need.
More than just insurance
Radius offers telecoms, fuel cards, telematics, insurance, energy and vehicle solutions to businesses across five continents.
Search our panel of commercial property insurance specialists to find competitive cover
We work with a range of commercial property insurers from household names to small specialist insurers to find the best policy for your business.
Three simple steps
The fact find
Our agents will guide you through a few simple questions to get a clear picture of your needs.
Search the market
We identify the policy that best suits your business requirements.
Your business insured
Once you're happy with your quote, our team will arrange your cover over the phone.
Get a quote
What is commercial property insurance?
Commercial property insurance is a necessity for businesses of all sizes. Whether you own a small retail store or manage a large office building, this insurance protects your investment and keeps your operations running, even in the face of unexpected challenges.
The insurance itself is a bespoke policy designed to protect your company’s physical assets against risks such as fire, theft, vandalism, and flood damage. Unlike residential property insurance, its commercial counterpart addresses the unique needs of businesses. It helps cover repair or replacement costs following a loss – vital for any commercial operation.
What does commercial property insurance cover?
Building coverage
Protects the physical structure of your commercial property – including the walls, roof, and foundation – against damages caused by covered perils like fire, floods, and vandalism.
Contents insurance
The contents within your property, from office equipment to inventory and raw materials, are covered. They are protected from risks such as theft and water damage.
Business interruption insurance
Compensates for lost income and additional expenses if your business operations are disrupted. If your property is being repaired or rebuilt, you can maintain financial stability.
Tenant improvements
Protects any improvements or alterations you’ve made to a leased commercial space. This could be a customised office layout, fixtures, or interior finishes.
What's not included as part of commercial property insurance coverage
Yes, commercial property insurance delivers thorough protection for your company’s physical assets. However, certain risks and damages are typically excluded from standard policies. These exclusions often include:
- Wear and tear: Regular maintenance issues, such as wear and tear or gradual deterioration of property and equipment, are not covered. This includes damage resulting from a lack of maintenance.
- Unoccupied properties: Leave your property empty for a specific amount of time, and this can lead to your policy being invalidated. This unoccupied time is usually 30 days or more.
- Poor craftmanship: If you cause damage due to low-quality craftmanship or sloppy repairs, this typically won’t be covered under your policy. Remember: DIY fixes could invalidate your claim.
- Damage by animals or pests: You’ll struggle to find a policy that covers damage caused by vermin and insects. This also includes domestic pets.
The importance of commercial property insurance
Safeguards business assets: Commercial property insurance protects your company’s physical assets, ensuring you don’t face crippling financial losses due to damage or theft.
Business continuity: With coverage for business interruption, commercial property insurance helps your business survive financially during downtime caused by unexpected events. You can pay bills, salaries, and other expenses.
Customisable coverage: Commercial property insurance policies can be tailored to your specific business needs. It allows you to select the best coverage to protect your assets fully.
Risk management: Having commercial property insurance is a key element of a broader risk management strategy. It helps safeguard against unexpected financial risks.
Radius: Your one-stop destination for commercial property insurance
You know the importance of commercial property insurance. However, you must select the right policy for your specific business needs – and that’s where Radius can offer a helping hand. Our experienced team first conducts an in-depth assessment of your business requirements. We then work closely with 40 insurers to secure you the best commercial property insurance quote in terms of cost-effectiveness and protection.
Whether you manage a single office building or require comprehensive commercial property owners’ insurance for multiple locations, Radius is here to supply you with the finest bespoke insurance solutions.
Frequently asked questions
Can’t find an answer to your question? Talk to the Radius customer support team on 00353 42 939 3993. We’re here to help you with any questions or concerns you may have.
How much is commercial property insurance?
Who is responsible for buildings insurance on a commercial property?
Who needs commercial property insurance?
What is classed as commercial property?
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The customer support team at Radius Ireland provides an Island of Ireland service with four offices in Northern Ireland and four in the Republic of Ireland to best serve our clients' needs.
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Radius Insurance Solutions is a trading name Keystone Insurance Ltd.Keystone Insurance Ltd is regulated by the Central Bank of Ireland under firm reference number (C49403). Incorporated in Ireland with a company number 449741.Registered address: 3rd Floor Block 1, Quayside Business Park, Mill Street, Dundalk, Co. Louth Directors: Claire McAroe, William Holmes.