Business policies are made up of a number of different sections covering different aspects of your risks.
The normal sections are:
Fire & Perils - This covers your building, contents and stock for risks such as Fire, Storm Damage, Impact, Flood (some insurers)
Business Interruption - In the event you are unable to operate your business due to an insured loss, your insurance can make sure you can continue to operate with regular payments. Statistics show that over 70% of businesses that suffer a major loss and don't have Business Interruption, fail to reopen.
Theft - Loss of stock or contents as a result of Theft/Burglary.
Glass - Replacement costs for broken glass and ceramics. Some insurers include cover for signwriting and signs.
Money - Loss of money. This can be a blanket cover or in specific sections, Money in Transit, On Premises During Business Hours/Outside Business Hours, or in a Private Residence
Liability - Cover for amounts you become legally liable to pay as result of an incident relating to your negligence.
Machinery Breakdown - Costs involved in repairing or replacing mechanical componentry that has been damaged as result of an insured event.
Electronic Equipment - Similar to Mechanical Breakdown but for Electronic Componentry.
General Property - Cover for items taken away from the insured location such as mobile phone, laptops or mobile equipment e.g. Survey Base Stations.
The majority of these sections can be taken together or in isolation dependant of the insurer.
Contact us for a quote or to have a review of your existing program.