- Appetite
- Property-focused MGA worth approaching for commercial premises with vacant units.
- Check
- Check commercial vacancy eligibility, permitted vacancy duration and whether cover is restricted to specified perils.
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Reading the risk
For: Commercial property with vacant units
We couldn't tell the trade from that, so these are the broad commercial markets. Add the trade and the class of cover for a sharper list.
What underwriters will focus on
Commercial property with vacant units: vacancy increases exposure to arson, theft and undetected water damage. Underwriters will focus on the proportion vacant, vacancy duration, remaining occupiers and security before agreeing cover and unoccupancy conditions.
Where to start
QBE; Endurance Worldwide Insurance; Hadron UK Insurance; Tokio Marine Kiln (varies by product) Source
Quote online (own portal), Quote online via software house, Submit to underwriter · Pen Central, Acturis, Open GI Source
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We found 185 UK markets that write commercial property with vacant units risks: 47 insurers, 115 MGAs and 23 Lloyd's markets. Commonly listed: Vasek Insurance, Pen Underwriting.
Empty units raise arson, escape of water and squatting risk. Expect questions on how many units are vacant and for how long, inspection frequency, utilities isolation and the trades of remaining tenants.
partly vacant commercial property, empty units, void units, multi-let with vacancies
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