Having insurance cover for your physical assets, whether that is a building, plant or machinery or materials can go a long way towards giving you the confidence you need to help grow your business.
If you add up the costs of all the physical assets your business has, how much do you think it would be? For businesses in many industries, high value physical assets such as property, plant and machinery or materials can soon add up and if one or more asset is impacted, it can mean a business may be forced to close its doors.
Having physical asset cover, sometimes known as Industrial Special Risks, gives you the protection you need to focus on your business, safe in the knowledge that your highest value assets are safe.
This policy provides a wide scope of coverage for assets general worth more than $5 million. The policy generally covers for loss and/or damage to buildings, plant and machinery and stock or raw materials as well as loss of profits due to damage caused, theft or burglary and accidental damage.
Physical assets insurance can be used for a variety of industry types and business sizes. Our specialist brokers are on hand to answer any questions you might have about the intricacies of this insurance policy. They get to know your business so they can offer the advice you need to make an informed decision.
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