Commercial property insurance
If you own office, retail, warehouse or production space in Estonia, the logic differs from home insurance. Three things need cover at once: the building, the property inside it, and the income that disappears when the space cannot be used.
What to cover
- The building, together with its technical systems.
- Fittings and equipment. Furniture, technology, production machinery.
- Stock, if goods are kept on the premises.
- Liability towards third parties. Damage arising from possession of the premises, for example to a visitor.
- Business interruption and lost rental income. When the building cannot be used, the fixed costs remain but the income stops.
Rental income cover works differently here
For a private landlord, loss of rental income is an add on to home insurance. For commercial property it comes under business interruption cover. The names and the costs covered differ between insurers: some name rental income explicitly, others speak of lost business profit and fixed costs. If rental income is what matters to you, clarify it before signing.
With most Estonian insurers, business interruption cover requires a property policy with the same insurer. As a rule you cannot buy the two separately.
Ask for offers
Fill in the form and Anna-Liisa will get in touch. She advises as a partner of NB Kindlustusmaakler, an Estonian insurance broker. The service is free for you. We find offers from the insurers and send you a comparison by email.
Other types of insurance
- Home and property insurance. A flat or a house, contents, letting.
- Apartment association insurance. Common property and association liability.
- Technical systems and equipment. Boiler, heat pump, ventilation, lift.
- Construction and renovation insurance. Contractors all risks cover.
- Legal expenses insurance. Rental and other disputes.