How would your business cope if its assets were damaged or lost? Your business needs its property and assets just to keep it functioning. If anything goes wrong you need to be sure things can be restored so your business can remain up and running.
Material damage covers property, chattels and the stock of your business against fire and other perils such as an earthquake, lightning, malicious damage, explosion, and accidental damage.
Cover is either for replacement or present-day value at your place of business and includes:
Business interruption can provide cover against any loss of earnings if due to a material loss you are unable to carry out work or your work is interrupted at your insured place of business. This cover can be extended for fitting-out temporary premises or other additional costs if you’re unable to continue business at your usual place of work, for loss of rental that you’re entitled to under your lease agreement, or for damage to accounts or business records. It includes:
Public liability covers you against loss or damage to someone else’s property due to your negligence. Cover is available for:
If your vehicle is being used commercially then it needs the correct cover.
Cover types available are:
Insurers specialise in various types of fleets such as:
This cover is necessary for any business involved with freight and the transportation of goods. This is based on the estimated turnover and provides protection against your freight in the event of damage to those goods. These covers can be individually tailored to meet your requirements and protect you against what could be a substantial loss in the event of an accident such as the loss of a load of fruit or livestock.