A Property All Risk (PAR) policy covers all risks of physical loss, destruction or damage to an insureds property but is usually subject to certain terms, conditions and exclusions. A PAR policy can be tailor made depending on your business activities, professions or any other bespoke requirements.
Business Interruption Insurance is a type of insurance policy that can cover you for loss of gross profits should a disaster occur. There are usually event triggers that activate a policy but, if one of those triggers meant the closure of a building or site and ultimately a loss in business you could, with business interruption insurance, be able to claim for the financial loss.
A Fire and Allied Perils insurance policy covers you against the loss or damage of your property as a result of fire, lightning, or an explosion. You can add additional covers to include other causes such as explosions, windstorms, earthquakes and burst pipes. The policy may be issued to cover Buildings, Furniture, Machinery and Equipment, Office Equipment and also Stock.
Jeweller’s block insurance is an all risk policy which provides comprehensive coverage tailored to a variety of business needs, from traditional jewellery shops and pawnbrokers to a bureau de change. Any retailer, manufacturer or distributor handling high value items such as jewellery or fine art should have Jewellers Block Insurance because should a loss occur then it could have a dramatic impact upon overall business performance.
It is distressing to even think about your property getting broken in to and having goods stolen but with a property insurance policy that covers loss or damage to your property as a result of burglary you’ll at least be financially compensated.