When it comes to Business Insurance, sometimes financial decisions to save premiums outweighs the risk of "what if something catastrophic happens".
We have been through the pain of Fire claims many tines before and lets be real, the client rarely ends off in the same or better situation prior to the loss.This photo is a prime example of a Kawasaki motorcycle dealership going up in flames and the devastation it causes.
Having the right insurance in place can save a business from bankruptcy.
Here are a couple of TIPS on the cover that should be in place:1) The Building2) cover for Loss of Rent3) Fire cover for the contents of the business4) Business interruption (loss of profits)5) Additional Extensions:* Increase cost of working
* Fire brigade charges* Disposal of salvage (debris removal)* Additional preparation costs* Spread of Fire LiabilityThere are too many to mention them all, but these are just a few examples that come to mind.A Fire, if not caught in time, can spread very quickly and could possibly be a total loss.When considering Business insurance always think of the worst case scenario.
For any assistance with your Business insurance please phone 031-5021922 or visit our website www.esbrokers.co.za.
Article written by Andrew Ensor-Smith (Owner at ES Brokers)