Commercial Combined

Our offering is tailored to provide comprehensive coverage for a wide range of commercial properties across the UK, whether for singular assets or as part of a diversified business portfolio. We understand that commercial properties face a unique set of risks, and our solutions are designed to ensure businesses are protected against the full spectrum of exposures they may encounter.

Our Commercial Combined policy is specifically designed to offer a complete, all-in-one solution for businesses, bringing together multiple sections under a single arrangement. This provides policyholders with the convenience of consolidated coverage while ensuring robust protection across key areas.

The policy is flexible and adaptable, allowing cover to be tailored to the specific needs of individual businesses, from single-site operations to multi-location enterprises. Standard sections include Property Damage, Business Interruption, and Liability cover, with optional extensions available to suit the particular risks of different sectors.

By combining multiple covers under one policy, the Commercial Combined approach simplifies administration, reduces gaps in coverage, and provides a streamlined claims process, giving businesses confidence that their assets, income, and liabilities are comprehensively safeguarded.

Whether you are managing a single commercial site or a portfolio of business properties, our Commercial Combined policy offers tailored, practical, and effective coverage to meet your operational needs.

Key benefits include:

Material Damage 

This cover is optional and only applies if stated as covered in the schedule

  • Property damage cover for buildings and contents of common parts against a wide range of selected perils that can include accidental damage and subsidence.
  • Material Damage contains a range of automatic extensions including:-
    • Capital additions: The maximum we will pay for any one premises is limited to 15% of the total Sum Insured on buildings and general contents under this section or £500,000, whichever is less.
    • Professional fees: The sum insured for each building, block of flats and machinery item described in the schedule includes an amount for professional fees necessarily incurred in reinstating or repairing the property insured following damage covered by this section.
    • Changes in temperature: We will pay for damage to the property insured caused by change of temperature resulting from damage to the refrigerating plant, air conditioning plant or connected electrical plant or apparatus as a result of the operation of an insured cover.
    • Clearing of drains: We will pay for expenses necessarily incurred in clearing, cleaning or repairing drains, gutters, sewers and the like for which you are responsible as a result of the operation of an insured cover.
    • Debris including stock removal: The sum insured for each item of property insured includes costs and expenses you necessarily incur with our consent for removing debris from, dismantling or demolishing, shoring or propping up and boarding up.
    • Exhibitions: The maximum we will pay is £12,500 in any one period of insurance.
    • Trace and access: The maximum we will pay is £10,000 or 10% of the sum insured by this section, whichever is the lesser.
    • Additional metered water or oil charges: The maximum we will pay is £10,000 in any one period of insurance excluding the cost or value of metered water or heating oil lost when the premises are unoccupied or not in use.
    • Underground services: The maximum we will pay is £5,000 in any one period of insurance.
    • Seasonal stock increase : Any sum insured in respect of stock is increased by 25% for the months of November and December and for a period of 30 days preceding Easter Day in each period of insurance.
    • Malicious acts or vandalism: The maximum we will pay for any one loss is £5,000 for any one event if caused by tenants and/or anyone lawfully on the premises unless otherwise stated in the schedule

 

Business Interruption 

This cover is optional and only applies if stated as covered in the schedule

  • Business Interruption cover following an insured event under the Material Damage section.
  • Business Interruption contains a range of automatic extensions including:-
    • Notifiable disease, vermin, defective sanitary arrangements, murder and suicide
  • Prevention of access: Our liability does not exceed the total of the sum insured (or 133.33% of the estimated amounts) or any limit of liability shown in the schedule
  • Gross profit (declaration-linked basis): The maximum we will pay is 133.33% of the estimated gross profit stated in the schedule and 100% of the sums insured on other items. Our liability shall not be reduced by the amount of any loss as long as you agree to pay the appropriate additional premium for such automatic reinstatement of cover.
  • Gross revenue (declaration-linked basis): 133.33% of the estimated revenue stated in the schedule and 100% of the sums insured by other items. Our liability shall not be reduced by the amount of any loss as long as you agree to pay the appropriate additional premium for such automatic reinstatement of cover.

 

Money

This cover is optional and only applies if stated as covered in the schedule

  • We will indemnify you following an insured event for the following:-
    • Stamped national insurance cards, crossed cheques (including crossed giro cheques and drafts but excluding pre-signed blank cheques) crossed money orders, crossed postal orders, crossed bankers draft, crossed warrants, national savings certificates, premium savings bonds, unused units in franking machines, credit company sales vouchers and VAT invoices. As stated in the schedule.
    • Money other than as described above not contained in locked safes:
      • in your premises outside business hours.
      • in the private houses of your principals or authorised employees or the premises of solicitors or authorised agents to the extent that money is not otherwise insured.
      • in the custody of collectors for twenty four hours from the time of receipt or until the next working day whichever is the later.
    • Money other than as described above from locked safes outside business hours. We shall not be liable for loss of money from any safe or strongroom not listed in the schedule above a limit of £1,500 in total.

 

Trade All Risks

This cover is optional and only applies if stated as covered in the schedule

  • We will indemnify you for damage by any cause not specifically excluded to property insured set out in the schedule anywhere in the territorial limits, provided the damage occurs within the period of insurance and subject to the limits specified in the schedule.

Goods in Transit

This cover is optional and only applies if stated as covered in the schedule

We will at our option indemnify you by payment or reinstatement for accidental damage to the property insured while in transit within the territorial limits from any of your premises whilst being carried by vehicles operated by your hauliers, rail or by parcel post.

 

Frozen foods

This cover is optional and only applies if stated as covered in the schedule

We will indemnify you in respect of damage to foodstuffs which belong to you or are held by you in trust or on commission for which you are responsible whilst contained in the refrigerating plant detailed in the schedule; and elsewhere in your premises which, but for the occurrence of an incident covered by this section, would have been placed in your refrigerating plant by deterioration, contamination or putrefaction caused by or arising from rise or fall in temperature as a result of the breakdown or inherent defect in the refrigerating plant, non-operation of the thermostatic or automatic controlling devices forming part of the refrigerating plant, accidental failure of the supply of electricity and accidental damage to the refrigerating plant or accidental leakage of refrigerant or refrigerant fumes from the refrigerating plant.

 

Loss of Licence

This cover is optional and only applies if stated as covered in the schedule

We will indemnify you for temporary or permanent forfeiture or refusal to renew your Licence by the licensing authority due to reasons beyond your control up to the limit of liability stated in your schedule in respect of any one period of insurance, provided that if we shall be liable to indemnify more than one party, the aggregate amount of indemnity to all parties shall not exceed the limit of liability stated in your schedule.

 

 

 

Cameron Specialty Insurance is a trading name of Cameron Specialty Insurance Limited which is an appointed representative of Shape Underwriting Limited, a company authorised and regulated by the Financial Conduct Authority under firm reference number 933203 to carry on insurance distribution activities. Cameron Specialty Insurance Limited is registered in England and Wales company number 14029884. Registered office at 250 Avenue West, Great Notley, Braintree, Essex, CM77 7AA ©2024

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