With the recent riots affecting many businesses and trades across the UK, many businesses have been asking themselves what if something happened the their commercial property and what precautions can they take to protect it?
Businesses can take precautions to protect themselves, by firstly taking out insurance. When setting up a businesses and budgeting costs, sometimes insurance will be at the bottom of the list. But when things go wrong, such as the property being flooded or burgled, the insurance will be worth every penny.
Insuring your commercial property is similar to insuring your car, you have to shop around to get the best deal and only take the requirements of the policy that you really need. Finding the best deal is so much easier nowadays with the use of comparison websites and brokers, who will do the work for you, as Startups expressed, “The great advantage of using a broker is that they can ensure any insurance is properly tailored to your circumstances. Most office packages are fairly straightforward and standard. But you may have a special requirement and your needs will probably change, perhaps as you take on more staff or move premises, and a broker can keep up with that and ensure your insurance bends to match your needs.”
You can also reduce your insurance premiums and reduce the risk of something happening to your commercial property by implementing some simple measures. Fitting a standard burglary alarm will only ring out and annoy anyone nearby, but if you install a ‘red call’ burglary alarm system, this will inform the security company, who will then contact the police direct. The police will then call you to ask if it is a real alarm and will meet you at the premises. Also installing close circuit television cameras (CCTV) will act as a deterrent to potential intruders and can also be used to catch criminals if your commercial property is targeted in an act of crime.
But as we have all recently seen, will these precautions actually help protect your commercial property?
