Commercial Pak for larger enterprises:
The Commercial Pak may suit the insurance needs of larger or more complicated businesses, such as larger contractors, wholesalers, manufacturers, or businesses in the service industry.
Depending on the policy you need and what you design with your broker, you can protect your building and its contents on an all risks basis from direct physical loss or damage, including perils such as:
- impact by aircraft or land vehicles
- lightning damage to electrical appliances
- riot, vandalism and malicious acts
- smoke damage or leakage from fire-protection equipment
- windstorm or hail
- rupture of heating or plumbing systems
Insurance coverage is also available for:
- Business Interruption – cover your earnings and employee wages if normal business activity is suspended due to a covered loss
- Crime – protect your business against employee dishonesty, theft, counterfeit currency, burglary, robbery and forgery
- Floaters – protect contractor’s equipment, your tools, the materials you are installing on site
- Other coverages – Your broker will be able to advise which coverages are available and help you select which may be of benefit to your business
Liability Insurance provides you with protection in the event your business is found legally liable for injuries caused to persons, or damage to property, including damage caused by your product.
Boiler, Machinery and Equipment Breakdown Insurance:
This cover can protect you if your business’s boiler crack, a motor fails after bearings seize, a freezer of food spoils because of an electrical malfunction or a computer shorts out causing lost production. This cover is available regardless of the package you choose.