This type of insurance is for those who own or manage properties used for business purposes. You need to make sure you’re covered for a range of different situations that may arise, which would cause disruption to your tenants' business operations and thus put your rent in jeopardy.

You'll want a policy that covers you for circumstances that could stop your tenants from trading altogether, such as a fire, flooding or storm damage.

Your premiums will be guided primarily by the value of your property, its age and location, or in other words how at risk it is of crime or flood damage.

Make sure you get a policy that's right for you and contains all the features you are looking for. You might need cover for landlords' contents or equipment breakdown if, for example, your property is used as a retail outlet but you own the tills or the fixtures and fittings.

You must also ensure you have adequate cover for public and property owners' liability, which covers you for injuries or damage sustained by third parties when visiting the property you own.