Independent business assets insurance brokers
Protect the physical assets of your business
Business assets insurance is designed to protect the physical assets of your business and reimburse you for any insured loss or damage which may arise
The physical assets will include your buildings, your machinery and contents as well as stock which will be made up of raw materials, work in progress and finished goods.
It will also cover tenant’s improvements which is work that you carry out to a building not owned by you and which you would not take if you moved out of the property.
Examples of tenant’s improvements include
- Wiring and cabling
- Additional offices
- Air conditioning
The business assets insurance policy will define the insured perils and therefore only damage arising from these will be covered.
Many policies are now written on an all risks basis but many also only cover specified perils.
These would normally include
- Civil commotion and malicious damage
- Burst pipes
- Impact and theft
When arranging this type of insurance cover, it is really important to make sure that the sums insured are calculated accurately.
Cover for buildings and contents is usually arranged on a reinstatement-with-new basis and therefore the value insured should be calculated accordingly.
Do not rely on the written down values in your books.
The consequence of under insurance can mean that insurers will not meet a claim in full.
“On behalf of Advance Property Solutions, I would truly recommend aba insurance 100% as they are always there to help us in difficult situations and provide the best services”.
“We have used the services of aba for both business and personal insurances since first meeting Graham Webster in 1976. They provide an excellent service and will go the extra mile to ensure you have the cover you require at the right price. I would be happy to recommend to anyone.”
“I’ve used aba for many years now both for my business insurance and for my rental properties. I trust them (which I can’t say about most insurance companies) and prefer to speak to one of their team as it is easier than exchanging lots of emails. I’d recommend them to any business or someone who needs insurance for a rental property.”
“aba provide a great service. We have used them for all our properties over the last 3 years and they are always helpful and offer sound advice.”
“We have been using aba for several years now and find their pricing and service to be 5 star”
“The staff at aba have been really helpful in getting a large claim settled. Excellent knowledge and service”.
“PLM have used the services of aba for almost 20 years! Fabulous service, professional and friendly team and we would recommend them to all our clients, family and friends. FIRST CLASS.”
“Superb service. Our companies have used aba for many years. Their flexibility and value for money are second to none!”