Also known as Business Asset Cover, This insurance cover your physical assets of a business or organisation against loss or damage from insured events. It typically includes:
- Property Damage: Repair or replacement costs for buildings, machinery, contents, equipment, or stock damaged by events like fire, flood, earthquake, or vandalism.
- Theft or Burglary: Loss of assets by theft or loss due to forced or violent entry.
- Accidental Damage: Unintentional damage to property.
- Natural Disasters: Damage caused by events like earthquakes.
This insurance ensures businesses can recover by repairing or replacing, minimising financial impact.
Subject to variations in insurers wording, exclusions and case specific endorsements.
