The Coronavirus pandemic changed the shape of many business models, not least for the commercial property owner.

Commercial landlords saw their retail and hospitality tenants suffer all sorts of troubles during the COVID health emergency and only now, two years later, is the outlook beginning to look a little brighter for these sectors.

Changing needs means changing commercial spaces

However, there has been a lasting legacy of lockdown mentality affecting commercial property owners: the boom of online shopping and home deliveries.

Everything from shoe polish to restaurant quality meal kits has been on the shopping lists of home workers and those forced to live without retail and hospitality during lockdown, and many people are not too bothered about going back to their old habits.

E-commerce companies, online shopping platforms and home delivery companies are buoyant and seemingly not about to suffer a post lockdown demise.

The big boom in commercial property: Warehousing

Yes, commercial landlords who have warehouses in their portfolios, or commercial properties capable of being turned into warehousing, delivery hubs, and even data centres or laboratories, are the lucky ones.

While property and market specialists say it’s highly unlikely that the High Street’s complete demise will happen any time soon, as more and more customers are happy to buy products online, the amount of expensive retail space that companies need is shrinking.

And yet, their ability to store and distribute their goods effectively and efficiently is becoming paramount, so, warehouses are becoming prime property options.

Warehouse business insurance

Protecting your warehouse, the goods stored, and the employees who work there with a suitable business insurance package is as important as business insurance for any other type of commercial enterprise.

Getting your warehouse business insurance package right will depend on a number of factors, including whether you are a commercial landlord, owner occupier or a commercial tenant.

These are the features of warehouse insurance you should be considering as standard:

• Buildings insurance – if you are a tenant, this is usually purchased by your landlord.
• Product liability and stock cover – cover for goods you store in your warehouse, whether you manufacture them yourself, buy them in this country or import them from abroad to sell or use as part of your business.
• Warehouse public liability cover – protects you in the event a claim by a visitor or member of the public that they have been injured at your warehouse or as a result of your business activities due to your negligence.
• Employers’ liability insurance – protects you in the event that an employee makes a claim against you for injuries which occur during the course of their employment that were caused by your negligence.

And for extra peace of mind:

• Goods in transit cover
• Extra stock cover – for busy/seasonal periods
• Mixed use cover – for warehouse/manufacturing/office activities under one roof
• Business interruption cover
• Loss of ground rent cover
• Loss of rent cover
• Trace and access cover – for tracing and fixing the source of a leak

Tredstone – the commercial insurance specialist

Tredstone combines cost-effective, quality cover with efficient, effective and friendly service.

Whether you require a new business insurance package for a new warehouse venture, or you are looking to upgrade your existing cover, talk to Tredstone today for help with your employers’ liability insurance and more.

Get a quote online now, or if you wish to discuss your needs, give us a call on 0345 6461395.