A loss or damage to commercial property may cause a major hiccup to the financials of the business. This category of insurance plan protects your property such as building, furniture, fixture, plant, machinery andstock against calamities such as fire, earthquake, flood etc. Whether you own or lease out the property it is important that it is insured against these calamities. The main goal of subscribing to this policy is to protect the main investment in your business and continue the smooth flow of business despite the calamities. The specifics of the plan are as follows:
Fire Insurance :
You can safeguard your assets such as building, furniture, fixtures, machinery, stocks etc. against fire accidents. Under this contract the company agrees to indemnify the insured for the financial losses which the latter may suffer due to destruction or damage caused to the goods by fire during the period of contract.
Burglary Insurance for Stock :
This particular plan covers losses caused to the stock against burglary. It is an insurance against loss or damage resulting from or following the unlawful breaking and entering of designated premises or places of safekeeping.
Money Insurance :
This plan cover the loss of business money under following circumstances:
- During Business Hours
- In transit or on contract sites while you or your employees are working there
- After Business Hours; whether in a locked in a safe or not, at your or your employees' homes
Plate Glass :
This policy covers accidental breakage of plate glass, fixed to display windows or show cases of commercial establishments.
- It covers the cost accidental breakage of insured glass under certain reasons, except those that are specifically excluded
- It also provides protection for loss or damage to ornamental, embossed, lettered or stained plate or sheet glass
Event Insurance :
This insurance policy is exclusively designed to offer a protection in the event of unforeseen circumstances.