Commercial property insurance in Glasgow

Commercial property in Glasgow spans city-centre offices and retail, converted Victorian and industrial stock, and premises along the Clyde. Occupation and construction drive the cover.

The commercial property landscape in Glasgow

Glasgow is Scotland’s largest city, with a strong financial, professional-services and retail economy, several universities and an engineering and manufacturing legacy. Its commercial stock mixes modern offices with converted Victorian and industrial buildings along the Clyde.

The cover, in outline

• Buildings at full rebuild cost, not the price you paid.
• Property owners’ and occupiers’ liability.
• Glass, external fixtures and specified extensions.

What matters for Glasgow property

• Multi-tenant city offices. Landlord-and-tenant allocation and higher rebuild values need carefully set sums insured.
• Converted Victorian and industrial stock. Heavy construction and change of use raise fire-loading and reinstatement questions.
• Retail centre. Footfall, plate glass and stock exposure.
• River Clyde and low-lying sites. Some central and riverside premises carry surface-water exposure.

A Glasgow example

A worked example: a burst pipe floods two floors of a multi-let city-centre office. Each tenant’s fit-out and lost income, and the landlord’s building repair, respond under different policies — and the lease is what decides which pays for what.

Our approach, step by step

1. Set the indemnity period against how long recovery would really take.
2. Compare the wordings, not just the prices, across the market.
3. Present the risk well, because it earns better terms than a bare form.

The shortfalls we see most

• A buildings figure based on market value rather than rebuild cost.
• Unoccupancy or refurbishment quietly restricting standard cover.
• Flood, subsidence or cyber assumed to be included when they are not.

Frequently asked

Related

• Public liability insurance Glasgow
• Business insurance Glasgow
• Landlord insurance Glasgow