Property Damage (BOP)
A fire or water damage can shut your premises overnight. This insurance pays for the repairs and keeps you afloat until you reopen.
What it covers
Fire and bad weather
Fire, a storm or water damage hits your premises. The repairs are covered.
A machine breaking down
One of your machines fails by accident. The insurer pays to repair or replace it.
A forced shutdown
You can no longer work after an incident. The insurer covers your fixed costs while you are closed.
Theft and vandalism
Someone breaks in or damages your property. The loss is compensated.
What it does not cover
- If a piece of equipment is simply worn out, it is not a covered loss.
- If you leave your premises without upkeep, the insurer can refuse to pay.
- To cover war or terrorism damage, you need an extra add-on.
Who is it for?
You have premises
Whether your space is rented or yours, it needs cover.
You have important equipment
If your machines or your servers stop, you can no longer produce.
You hold inventory
Destroyed stock with no cover can sink your cash flow.
Frequently asked questions
Does it also cover the damage I cause to my rented space?
What value are my assets insured at?
Is business interruption always included?
Is my IT equipment covered?
These coverages often go together
Auto
Your professional vehicles drive for your business, a single one or an entire fleet, so every accident can cost your company. Auto insurance covers them all, however many you have.
Cyber
One morning your files are locked and a hacker demands a ransom. Cyber insurance pays for the recovery and the crisis response.
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