Business Assets Cover

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Insuring assets is an area that sounds simple, but there are many issues to consider. Some of these can be:

 

  • Do you have customers’ goods that you want to insure?

 

  • Do you have refrigerated goods that could deteriorate if power was lost? This sum is always limited.

 

  • Often printers or machinery can be leased, but under the lease you are responsible for insuring the assets - are these covered?

 

  • Where are the assets located? It is possible to obtain cover for assets “Anywhere in New Zealand”, but this is more expensive than cover at specific locations.

 

  • If you are shifting, picking up or delivering goods, what are they worth? Do you wish to have transit cover? Goods in transit are frequently excluded or limited.

 

  • Other areas of risk that are often missed include limitations around cash, and stock in the process of manufacture.