Insuring corporate assets is an indispensable requirement for every company. This policy protects corporate property against events such as fire, explosion, machinery breakdown, earthquakes, floods, and socio-political events, as well as cases of Business Interruption (BI), which can lead to loss of profit or increased costs of working to maintain operations.
Starting with a risk analysis, we identify policies designed to safeguard assets against traditional risks (e.g., fire and explosion) and catastrophic risks (NAT CAT) such as earthquakes, floods, and inundations. We also evaluate complementary coverages, such as Machinery Breakdown or coverage for indirect damages resulting from business downtime caused by a claim.
Particular attention must be paid to asset valuation and, consequently, to the Sums Insured: especially in long-standing companies, regardless of size, it can be difficult to assess the true value of machinery and equipment. This is represented by the actual replacement cost with new machinery and equipment, or items equivalent in features and performance (New for Old basis).
Business Continuity, protection of investments, and certainty of indemnification.
