Any organisation that owns or leases commercial premises, production facilities, or storage units should consider Property Insurance to ensure business continuity in case of physical loss or damage.

Typical exclusions include normal wear and tear, gradual deterioration, electrical or mechanical breakdown (unless covered separately), and losses due to war or nuclear incidents.

The sum insured is usually based on the reinstatement or replacement value of the property, representing the cost required to rebuild or replace assets at current market rates.

Loss of profits is not automatically covered but can be included through a Business Interruption Policy, which compensates for income loss resulting from an insured event.