Shield Your Business Assets
In Nominal Plan
With your valuable assets protected by insurance, you can confidently invest in new equipment and technology, knowing that your financial investment is secure.
Our Trusted Partners
Why is Asset Insurance Vital for Business
Asset insurance protects your business investments in machinery, equipment, and valuable assets. It ensures business continuity by covering replacement costs and preventing operational disruptions.
What Types of Businesses Need Asset Insurance Coverage?
Retail Stores
Asset protection for business owners includes inventory and stock, ensuring that your stock is protected against theft, damage, and other risks.
Manufacturing Plants
Protection for physical assets such as machinery, raw materials, and finished goods, safeguarding your production capabilities.
Restaurants and Cafes
Business equipment coverage for kitchen appliances, furniture, and inventory, ensuring smooth operations even in the face of unexpected incidents.
Warehouses
Comprehensive inventory and stock coverage, protecting against losses due to theft, fire, or natural disasters.
Offices
Offices benefit from asset insurance that covers business equipment such as computers, printers, and office furniture, ensuring minimal disruption to daily operations.
How will Asset Insurance Policy Help Businesses?
A popular bakery in Pune had invested in a state-of-the-art oven, essential for their daily operations. One morning, due to an electrical malfunction, the oven caught fire, resulting in significant damage to the appliance and some of the surrounding inventory and stock. The bakery owner, thankfully, had Asset Insurance coverage.
When Disaster Strikes: Asset Insurance Protects Your Business Investments
By investing in asset insurance, you're not just protecting your physical assets; you're protecting your business's future and ensuring its resilience in the face of unforeseen events.
Inclusions
Inventory Coverage
Covers the commercial inventory including both raw materials and finished goods.
Utilities & Machinery Coverage
Covers all units essential for business operations such as machinery, furniture and fixtures.
Physical Assets Protection
Protects all physical assets such as computers, business premise on rental.
Electronic equipments
Covers all electronic equipments that are essential for business operations.
Theft Coverage
Offers coverage for cases of theft of business assets
Exclusions
Pollution or Contamination
Damage from pollution or contamination is typically not covered.
Wilful Acts
Intentional damage or loss caused by the insured is excluded.
Natural Wear and Tear
Gradual deterioration of assets due to normal use is not covered.
Expenses For Maintenance and Improvements
Routine upkeep and upgrades are not covered.
War, Invasion, or Civil Unrest
Losses from war-related events or civil unrest are generally excluded.
Expert Guidance
Fast and Easy Claims
Business Continuity
Dedicated Claims Support
Why Buy Our Asset Insurance Policy?
Why let your investments in your inventory and machinery stay unprotected? One breakdown is sufficient to disrupt your business indefinitely. But with Covrzy's Asset Insurance, your business assets get complete coverage.
Expert Guidance
Fast and Easy Claims
Business Continuity
Dedicated Claims Support
Real Life Claim Story
Saraswati sugar mill in Yamunagar suffered a loss of ₹50 crore because of flood waters damaging the company’s stocks as well as assets. Most of the machineries had been damaged too, which had caused intensive loss for the firm.
Financial Recovery
Asset insurance could have covered the costs associated with the recall, including logistics, disposal of contaminated products, and any potential legal liabilities.
Reputation Management
Insurance often includes resources for managing public relations crises, which could have helped Cadbury mitigate the reputational damage and restore consumer confidence more effectively.
Frequently Asked Questions
How much does business insurance premium cost?
The cost of asset insurance varies depending on several factors, including: type of assets, coverage limits, industry and location, deductibles, additional coverage options, etc. To get an accurate estimate for your specific needs, it's best to request a quote from Covrzy. We can assess your business and assets to provide you with a personalized quote that reflects your unique risk profile.
Why do I need Asset Insurance for my business?
How do I file a claim under Asset Insurance?
Do you have more questions?
Contact us for any queries related to business insurance, coverages, plans and policies. Our insurance experts will assist you.
From Equipment to Inventory, Protect All Your Assets
Your Business Deserves the Best Protection.
