CX Commercial

Designed to provide buildings, contents, and loss of rent protection for commercial properties tenanted by high street trades. Underwritten by certain underwriters at Lloyd’s.

Such trades includes shops, offices, restaurants, pubs, takeaways and long term unoccupied properties awaiting an acceptable tenant or owner occupied.

CX Commercial benefits from no rating post codes meaning that all risks are rated on tenancy type regardless of their location.

Rating

In recent months the rating the CX Commercial rating has been reduced by up to 35% making it one of the most competitive facilities on the market.

The main alteration to the CX Commercial contract has been the introduction of a No Claims Discount of up to 20%. Furthermore the base rate for Takeaways & Unoccupied properties has been reduced from 0.50% to 0.40%.

Cover

The CX Commercial policy coverage has also been improved with £2,000,000 Property Owners Liability cover as standard. Accidental Damage is now available as an optional extra.

Additional Improvements

• Health & Safety questions removed
• Unoccupied properties pending sale and renovation now acceptable
• Accidental Damage to Buildings & Contents now available for certain tenancy types
• Accommodate risks up to a total sum insured of £3,000,000
• Up to 20% No Claims Discount
• Property Owners Liability £2,000,000 as standard

Other key benefits include:

• Commission 20%
• Shop front glass is now an optional cover.
• The minimum cancellation charges have been reduced for CX Let to £67.50.

Downloads

Key Facts | Policy Wording