Commercial Property, Fire Insurance and All Risks
Covers damage to buildings, machinery, equipment, stock and other business property against the perils and subject to the terms specified. Choosing a plan should begin with the value of the property, how it is used and the events whose impact the business could not absorb.
How Do Fire Insurance and Industrial All Risks Differ?
Fire Insurance
Core Fire Cover with Optional Additional Perils
Covers damage caused by fire and the additional perils specifically selected, such as windstorm, flood or other perils subject to policy terms. It is suitable when coverage is arranged on a named-perils basis.
All Risks
Broader Cover on an All Risks Basis
Covers sudden and unforeseen damage within the scope of the policy, subject to its exclusions. “All Risks” does not mean that every event is covered without limitation.
Property to Include in Your Assessment
Buildings
Structures, building systems and improvements
Machinery
Key machinery, equipment and critical spare parts
Stock
Raw materials, work in progress and finished goods
Other Property
Furniture, computers and office equipment
Building and Protection Information
Do Not Overlook Business Interruption
Property insurance is intended to repair or replace damaged property, but a business may also lose income and continue to incur fixed expenses while repairs are under way. Business interruption cover should therefore be considered alongside it.
Let A.U.S. Help You Prepare Your Risk Information
Send us details of your business type, location and the property or risks you want covered. Our team will help prepare the information and documents needed to request quotations.
LINE: @AUSINSURE · Tel: 065-493-6595
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