When running a business, it’s likely that you will never need to claim for fire or burglar damage. So, it may seem a little unnecessary to acquire that insurance. However, consider that these risks have the potential to entirely wipe out a business that has taken years to build up. It’s quite clear that being properly insured is worth it when you consider just how devastating damage to your property could be.
Take a look at our “Fire and Extended Perils” policy page for more information.
A typical commercial fire policy will have three sections.
A typical commercial theft policy covers loss of articles resulting from theft involving forcible entry, and may include the cost of repairing damages to the premises.
Losses from walk-in thefts or shop lifting would not be covered, and glass damage must be covered under a separate glass policy. Money is also excluded from a Theft policy and should be covered under a specialised money policy.
Other types of policies to consider would cover such things as your liability to your customers or employees to recover losses resulting from an injury suffered on your premises.
Everyone likes to save money, but when it comes to insuring your most valuable assets saving a little now can cost you a great deal later if your insurance doesn’t reflect the true replacement value of your home and its contents and you suffer loss or damage.
There are conditions to your insurance policy being valid, so we’ve put these three points together to help you understand the basic requirements for you to make a successful claim.
When you take out insurance you are covering yourself against the unexpected. You want to be protected in case you’re burgled, or your house burns down, or hurricane force winds wreck your roof and rain destroys the contents of your home. If you do not have insurance that provides adequate protection you could face serious money troubles if disaster strikes.