An empty warehouse or factory, often located on an industrial estate that is largely left deserted at night time, does not represent an attractive risk for an insurance company looking to offer insurance quotes for a vacant warehouse, storage or other industrial premises.
As well as needing cover for the usual insurance ‘perils’ of fire, flood and public liability, the issue of maintaining a reasonable level of security is also a major consideration. Malicious damage, vandalism and break-ins are all very real problems that as the warehouse owner, you will be required to address when asking an insurer to consider offering cover for your vacant warehouse.
All is not lost however and there are insurers who are willing to provide cover for your unoccupied warehouse. It is likely that a number of conditions will need to be agreed to when an insurer offers a quote, such as routine visits to the warehouse to ensure that all is well and there is no evidence of damage or break-ins. You might be required to make sure that water and gas supplies are cut off, to reduce the risk of burst pipes or gas leaks while the warehouse is unattended.
How Expensive is Insuring an Empty Warehouse or Factory?
The size of the warehouse, its location and the security measures that are in place are all considerations for an insurer prepared to offer quotes for unoccupied warehouse insurance cover. This is a ‘non-standard risk’ as far as insurers are concerned. Under normal, daily use, a warehouse might be filled with valuable goods, or other stored items. Comparing the cost of insuring the same warehouse or industrial unit when it is left empty might be surprising if you were expecting a significantly cheaper premium.
Finding insurers who are happy to offer cover for unoccupied warehouses is an area where specialist insurance brokers will be happy to help you – and QuoteRack can offer you easy access to brokers with the right level of experience and insurer contacts who will be happy to assist you.
How to Insure Your Unoccupied Warehouse
Getting insurance quotes for your vacant warehouse, factory or industrial unit through QuoteRack is very simple and you can find out how much cover is likely to cost. Just click the GET A QUOTE button and enter your details online to send them to our specialist insurance brokers, who will receive your contact details directly from the QuoteRack website.
The brokers will contact you by phone as soon as possible. You’re under no obligation and there’s no cost for any insurance quote offered, and you’ll be able to discuss your insurance options with an insurance broker expert who will be happy to talk through how best to insure your unoccupied warehouse or industrial unit.