This has always being neglected by property owners. Under the fire insurance terms and condition, you as a property owners are obliged to submit changes to the tenancies to your insurers promptly.
That is to say that you will be paying different premium for the fire insurance. For example, if you have a carpentry as your tenant, you will be paying tariff at approximately 0.7% whereas a storeroom carries a tariff of approximately 0.2%. Yes, higher risk's tenant will cost you as a owner to pay higher premium. By paying the sufficient premium to your insurers, then only you will be able to avoid any disputes in the case of claims against fire.
From now onwards, do inform your insurers whenever there is a change in your tenants.
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