Overview
Worldwide Small Commercial Property provides comprehensive
coverage for the risks which properties around the world are
exposed to, whether they arise from perils of nature or human
acts.
This coverage is designed to protect firms from the financial
burdens that arise from loss of, or damage to, property and
resulting business income, replacing uncertainty with risk transfer
and the assurance of our policy coverage. Our team provides
dedicated broker and client solutions for risks which fall outside
of the traditional risk management market due to the value of
exposed assets (typically less than US $50,000,000).
Details
Coverage
Financial loss as a result of physical damage to buildings,
contents, machinery, equipment and stock, as well as losses
reducing business turnover caused by insured perils
We will pay these losses
Subject to the terms and conditions of the policy, we will pay
for losses arising from:
- Fire
- Explosion
- Machinery breakdown
- Flood
- Windstorm
- Earthquake
- Accidental damage
- Many other causes
Limits available
Up to US $10,000,000 any one risk
Target market
A broad range of commercial occupancies
Key territories
- North America
- Europe
- South East Asia
- Austalasia
- South Africa
Information needed to obtain a quote
- Values at risk
- Schedule of locations and details of their occupancy
- Fire protections and other risk mitigaion
- Construction of buildings
- Survey reports
- Loss record
Your premium indication is based on
- Nature of business activity
- Geographical scope
- Sums insured
- Proposed deductibles
- Extent of fire protections
- Loss record
- Quality of risk management
- Extent of policy form and coverage