Imagine arriving at work one morning, takeaway coffee in hand, only to discover that your office has suddenly turned into an indoor swimming pool, courtesy of a burst pipe. Alternatively, picture a rogue storm treating your office’s roof like a frisbee.
While these scenarios sound like the stuff of nightmares, they’re exactly why building insurance is essential for your business. More than a mere box-ticking exercise, insuring your space is about safeguarding your workplace – and your employees – against the unpredictable.
In this post, we run through the 10 best buildings insurance providers to help give you the peace of mind every business deserves.
1. Rebuild Cost Assessment
Underinsurance is a risk that many businesses unknowingly take, often assuming their current insurance covers the full rebuilding cost – but this can lead to shortfalls when disaster strikes.
Rebuild Cost Assessment helps prevent this by offering precise valuations of your building’s rebuild costs, with expert-led assessments to ensure your property is properly covered and prevent costly gaps in your policy. With a straightforward online process and experienced surveyors, they provide a crucial service for businesses looking to secure accurate insurance coverage.
Whether you’re a commercial landlord, office owner, or retail business, Rebuild Cost Assessment’s evaluations give you peace of mind that your insurance reflects real-world rebuilding costs.
2. Hiscox
Hiscox is renowned for its specialized business insurance, offering tailored coverage that includes protection against fire, flooding, and vandalism. Their commercial buildings insurance is designed to safeguard your business property from structural damage, whether from accidental incidents or natural disasters.
Hiscox is particularly well-suited for SMEs and professionals looking for flexible policies with high levels of customer support, with an online quote system that makes it easy to customize your plan, and their claims process is known for being efficient and hassle-free.
If you’re looking for a provider with a strong reputation and a customer-centric approach, Hiscox is a solid option.
3. AXA
With policies covering structural damage caused by fire, storms, flooding, and vandalism, as well as optional add-ons for liability protection and business interruption, AXA is a global insurance giant that provides comprehensive buildings insurance for businesses of all sizes.
One of AXA’s standout features is its risk management advice, helping businesses proactively minimize potential threats. Their flexible coverage options make them suitable for office spaces, retail premises, and rental properties.
With 24/7 claims support and a well-established reputation, AXA ensures that businesses receive quick assistance when they need it most, making it a trusted choice for property protection.
4. Aviva
Aviva’s commercial property insurance offers extensive protection against a wide range of risks, including fire, flood, and even accidental damage.
Their policies are designed for landlords, businesses, and property investors who want comprehensive coverage that includes loss of rental income and alternative accommodation for tenants in case of significant damage.
Aviva also provides optional extras like employer’s liability and public liability insurance, making it a one-stop shop for business protection. Their digital claims process ensures quick resolutions, reducing downtime for businesses affected by property damage.
With their longstanding experience in insurance, Aviva is a reliable partner for safeguarding your assets.
5. Zurich
A well-established insurer that offers tailored building insurance policies to meet the specific needs of commercial property owners, Zurich’s coverage includes protection against fire, flood, storm damage, and malicious acts, ensuring businesses stay operational even in unexpected circumstances.
One of Zurich’s key strengths is its industry-specific policies, catering to businesses in sectors like hospitality, manufacturing, and real estate. Their responsive claims service ensures minimal disruption in the event of a claim.
With Zurich’s strong financial backing and customer-focused approach, businesses can trust their policies to provide robust, long-term protection.
6. NFU Mutual
For businesses seeking a personal touch in their insurance provider, NFU Mutual is unlike large-scale insurers, emphasizing building strong relationships with clients and providing tailored insurance solutions.
Their buildings insurance covers full rebuild costs, including professional fees and accidental damage. They also offer business interruption coverage, ensuring financial support if your premises become unusable.
With local branches and dedicated agents, NFU Mutual delivers a hands-on service that’s particularly appealing to small businesses, farms, and rural enterprises. Their reputation for excellent customer service and fair claims handling makes them a trusted choice.
7. RSA
RSA’s commercial property insurance is designed for business owners who need reliable, extensive coverage. Their policies protect against structural damage caused by fire, floods, and storms, while also offering optional business interruption insurance to minimize financial losses.
RSA is known for its expertise in risk assessment, helping businesses identify potential vulnerabilities before they turn into costly issues. Their claims team is highly responsive, ensuring quick settlements for damages.
If you’re looking for an insurer that combines comprehensive coverage with proactive risk management, RSA is a strong contender.
8. Allianz
As is one of the world’s leading insurers, Allianz offers high-quality buildings insurance for businesses across various industries, with coverage including protection against property damage, liability claims, and business interruption losses.
Allianz is particularly well-regarded for its strong financial stability and quick claims processing, giving businesses confidence in their coverage. They offer flexible policies that can be customized based on specific needs, making them suitable for retail spaces, office buildings, and industrial properties.
With a global presence and a history of reliability, Allianz is a great choice for businesses that require dependable, large-scale coverage.
9. Direct Line
Direct Line for Business is a go-to provider for small and medium-sized enterprises looking for straightforward and affordable building insurance. Their policies protect against major risks like fire, storm damage, and vandalism, while also offering optional extras such as public liability and employer’s liability coverage.
One of their standout features is the ability to get an instant quote and buy policies online without the need for complex paperwork. Direct Line’s no-nonsense approach to insurance makes it an excellent option for business owners who want hassle-free coverage with flexible payment options.
10. Covea
Covea Insurance specializes in providing tailored buildings insurance policies for businesses in various sectors. Their coverage includes protection against accidental damage, malicious damage, and natural disasters, along with optional business interruption insurance to cover lost income during repairs.
Covea is particularly well-regarded for its strong claims support, ensuring businesses receive quick assistance when they need it.
With flexible policy options and a strong reputation in the UK insurance market, Covea is a great choice for businesses looking for comprehensive yet customizable coverage.
Whether you prioritize comprehensive coverage, competitive pricing, or top-tier customer service, the options above offer a great starting point when it comes to ensuring your space is protected against the unexpected. Don’t wait until disaster strikes – secure the right policy and give your business the protection it deserves.