Commercial Property Insurance covers the financial loss, caused by damage to a commercial property, due to perils like Fire, Theft, Vandalism, and other natural disasters.
This type of insurance is mostly used by Property Owners, Managers, Manufacturers, Retailers, Offices etc,. Most Freezones in Dubai like DAFZA, JLT, JAFZA, make it mandatory to obtain this type of insurance for getting or renewing trade license.
Commercial Property Insurance covers damage to physical assets, loss of rental income and third party liability, ensuring peace of mind to the owners and, managers of the commercial property.
Scope of Cover
Assets : Property all risks cover protects your physical assets including building contents and furniture.
Rent : As a Property owner, steady flow of rental income is crucial to manage the cash flows, more so, when affected by a disaster, the business continuity cover compensates you for the loss of rental income, even after an unfortunate event.
Third Party Liability : Public liability cover protects you against legal liability due to accidental injury to your tenants and other third parties. It also cover your liability due to accidental loss or damage to property of your tenants, neighbors and affected other third parties.
How much does it cost?
The premiums are based on various factors like;
1. Size, Type and location of the property
2. Amount of Third Party cover and Business continuity cover required.
Call me on +97155-7701792 or write to me on firstname.lastname@example.org to ascertain the premium for covering your commercial property.
How to apply?
Insurance companies in Dubai like, Zurich, Axa Insurance, AIG (American Home Assurance Company), Arab Orient etc, offer a wide scope of cover on Commercial Property Insurance on attractive terms and simple claim process.
To know more or to apply for Commercial Property Insurance please call me on +97155-7701792 or write to me on email@example.com.
My goal is to provide residents of UAE; the necessary tools to help them make a wise decisions with their money.
Latest posts by Damodhar Mata (see all)
- Saudi Arabia: $60 oil is coming soon - June 5, 2016
- If Gold Has Lost Shimmer, How to Invest Now? – Wall Street Journal (India) - June 4, 2016
- Five Key Rules to Follow When Lending Money to Friends and Family - June 4, 2016