Introduction
Give your business broader coverage! Every business faces a unique set of risks and hazards. Instead of standard fire and Named Perils insurance, you can choose a more comprehensive coverage with Industrial Property All Risks Insurance. This policy helps to protect your business against sudden and unforeseen accidental physical loss and lets you get back to business as quickly as possible. The policy insures the property and assets, any accidental and unforeseeable loss and business interruption, all roll into one single policy to support your business.
What does the product cover?
The following is some of the coverage for Industrial Property All Risk insurance:
- Material Damage
- Covers the sudden, unforeseen and accidental physical loss, destruction or damage to the property insured due to any cause other than those excluded in the policy. You will be indemnified with the actual value of the insured property at the time of the happening of the damage.
- Business Interruption
- Covers the financial loss arising from business interruption or interference as a consequence of loss, destruction or damage covered under Material Damage.
- Loss of profits
- Natural Calamities
- Loss of rent
- Malicious damage
- Accidental damage
- Legal fees
- Consulting fees
- Theft
- Removal of Debris
- Plate Glass
The policy can be enhanced with further extensions to include other costs which may be incurred for the damages. Being able to navigate the market confidently, with the latest product know-how, means that PromiseLand can put together quality cover at a very competitive price for our clients. Speak to us for we understand your challenges today and the best solution for your business!