Insurance cover of physical property such as buildings, machinery, contents and stock in trade, including stock of vehicles. It can also cover customers’ vehicles and property in your control against fire and the listed risks. It may also provide limited cover for accidental damage.
For buildings and contents, the policy will pay the replacement cost or reinstate the property (new for old). For stock, the policy will indemnify you. Provided a valid claim has been made, the policy will also provide limited cover for:
Insurance cover for loss of profit and additional expenditure incurred following damage to your property by a fire or other insured risk.
Insurance cover for the cost of reinstatement of stolen property, or repairs to your property following burglary that originated from forcible and violent entry. Additional benefits provided under policy conditions to suit motor trade businesses.
Insurance cover for the cost to reinstate or repair breakage of specified glass, internal glass or external glass that you elect to specify under the policy.
Insurance cover for legal liability to pay compensation in respect of personal injury or property damage. Provides protection against losses arising from both public and products liabilities, including damage resulting from faulty workmanship.
Insurance cover against loss of money and property caused by fraudulent or dishonest acts of an identified employee. Additional benefits:
Insurance cover against the breakdown of mechanical or electrical machinery, boiler explosion or collapse of boilers or pressure vessels. Goods in cold chambers are covered against deterioration.
Insurance cover for the costs of replacement or repair due to sudden and unforeseen physical loss or damage of electronic equipment at the situation.
Insurance cover for loss, destruction or damage to property specified in the policy schedule as a result of: