For those who own a business, this type of insurance is very useful to protect their assets & revenue-generating capacity. Many businessmen have felt the benefit and the feeling of secure by using this type of insurance. Here are some protections that are given by the insurance to a business owner:
Building and Contents
There are two ways to protect your building / property, through property insurance and asset insurance. It covers the building and everything inside including contents and stock of your business against fire or natural disasters such as earthquake, lightning, storms, including explosion.
Burglary
Protects your business assets against burglary or thievery, this is very useful especially for those who don’t have a security officer to watch over the building.
Business Interruption or lost of profits
This is one of the most important cover that a businessman should have. It covers the business on going if the business is interrupted through insured perils such as fire or other things insured. It ensures your on going expenses are met and anticipated net profit is maintained through a provision of cash flow.
Fidelity Guarantee
It covers your business from the loss caused by a misappropriation of your employee who embezzle or steal
Machinery Breakdown
Covers your business from the damage of mechanical and electrical plant and machinery at the work site.
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