Safeguarding your priceless property!
Obtaining Commercial Property Insurance to protect your asset is not complicated. Marina provides ideal commercial property insurance packages for Landlords and Business Owners to protect their property from the ground up.
To help protect your business, Marina can tailor the following insurance policies to fit your needs:
FIRE & ALLIED PERILS
Fire & Allied Perils policy insures the building or its contents or both. Building can be your house or your business. This insurance policy covers damage, loss or destruction of property caused by the following perils: fire & lightning, explosions, aircraft, earthquake, storm and tempest, flood, escape of water from any tank, apparatus or pipes, Impact by any road vehicle or animal, riot, Strike and malicious damage and burglary.
This policy can be extended to cover loss of income and fixed charges of running the business due to interruption of business caused by any of the perils mentioned above which results in damage to the property insured.
PROPERTY ALL RISKS
Under the Property All Risks Insurance the Policy indemnifies the Insured for accidental physical loss of or damage to the Property Insured whilst situated at the premises described in the policy.
This will include loss or damage by Fire, Lightning, Aircraft, Explosion, Earthquake, Strike, Riot, Malicious Damage, Storm, Tempest, Flood, Bursting or Overflowing of Water Apparatus (including Sprinkler Leakage), Impact by Own Vehicles, Theft or Attempted Theft (by violent and forcible entry to or exit from the premises) and other Accidental Loss or Damage.
The coverage is usually provided for a period of one year. The Sum Insured may be either on the basis of the actual value or the new replacement value of the property but should be adequate to cover the total exposure. The Insured should be able to provide the sum Insured but may seek our help to determine how to do so. The Sum Insured is very important and needs to be given due consideration to avoid application of average in the event of a claim.
In the event of an insured loss such as fire or storm damage, your business might suffer setbacks resulting in loss of profits. This means that even in the event of properly arranged material damage insurance, the earning power, liquidity and ability of your firm to meet its commitments will be severely impaired.
As an extension to your Property All Risks or Fire and Allied perils policy, this cover can provide continuity and stability in your business.