Taylor Patterson Insurance Services was originally established to handle property led covers and, as a result,
we have many years experience in arranging property and business interruption insurance programmes.
We focus our efforts on ensuring that our Clients are provided with cover that is arranged on both a comprehensive and cost-effective basis.

Asset Insurance

In addition to buildings, such property may include stock (both in premises and in transit), fixtures and fittings, machinery and plant, and other equipment such as computers. Usually, we are able to cover all such property under a single Commercial Combined policy arrangement.

Business Interruption Covers

Additionally, we can include cover for business interruption following loss of or damage to property. This will be
in the form of loss of gross profit, revenue or fees, or rent, whichever is most appropriate to the Client’s business.  Some businesses, such as contracting trades may not necessarily lose revenue or profit as a result of damage to their own premises and, in such circumstances, cover can be arranged for any additional costs of working that they may incur.

Property Owners Insurance Requirements

Owners of residential and commercial buildings face similar risks to the property they own.  Should their property be damaged or destroyed, they need to ensure that the property is insured to the required level to allow for the property to be re-built or repaired.  We will consider with such Clients, the risks to their property and arrange covers for standard perils such as fire and flood and, where necessary, policy extensions to provide cover against other risks, for example, terrorism in relation to town or city locations.

In a similar way that a business could lose profit or revenue, a property owner will lose valuable rental income should any of their properties be damaged or destroyed.  It is therefore imperative that an appropriate loss of rental income cover extension is provided.

Furthermore, Property Owners policies are extended to provide a third party cover for the liability for third party injury or damage arising out of the ownership of the property.