15/04/2020

COVID-19 Unoccupied Property pack: Risk Management and Insurer Stance

Passing days in the Coronavirus pandemic brings new challenges on time-sensitive insurance features, including unoccupied property cover – a standard component of any commercial insurance policy.

While this would normally be around 30 days, the prospect of businesses having to close their doors temporarily in line with Government guidance for much longer can subsequently invalidate their insurance.

The insurance industry has responded to this emerging problem, with many providers extending their unoccupied property limit from 30, to 60 days, and in some cases, even 90.

The inherent risks that come with an unoccupied property or reduced number of staff working at the premises are still there and need to remain a consideration for insurers. In our latest information pack, we focus on how business owners can mitigate these risks, which are unique from one industry to another.

We look at specific considerations for retail and hospitality premises, such as whether food or combustibles have been removed, and provide a checklist for different construction areas, including excavation, scaffolding, plant security, site offices and builds.

This free download provides you with important information on the circumstances that you are facing right now.

Click below to download now:

Download Unoccupied Property Pack


At Lansdowne Woodward Insurance Brokers, we can arrange excellent unoccupied property insurance tailored to your business. Contact our team today on 01202 874 989.