Business Insurance
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What is General Property Insurance
Last Updated: June 3, 2025General Property Insurance provides cover for portable tools, equipment, and electronic devices that are used for business purposes and taken off-site. It is ideal for tradespeople, consultants, and mobile businesses that rely on essential equipment away from their main premises. Common items covered under a General Property policy can include: Hand tools and power tools Laptops and tablets Mobile phones Surveying or testing equipment Specialist trade or professional gear Cover typically applies while these items are in transit, at a job site, or stored in vehicles. The policy can often be tailored by specifying individual items over a certain value, or applying a blanket limit across multiple tools.
What is Business Insurance
Last Updated: June 4, 2025Business Insurance (also known as Business Pack Insurance) is a bundled policy designed to provide a range of covers under one policy, tailored to suit small to medium-sized businesses. It’s a flexible and cost-effective way to combine multiple insurance types into a single package based on your business needs. Most insurers offer modular options, meaning you choose which sections you need. Common cover sections include: Property Damage – Covers buildings, contents, stock, and fixtures against risks like fire, theft, storm, or vandalism. Business Interruption – Covers loss of income and increased operating expenses if your business is interrupted due to an insured event (e.g. fire). Theft – Covers burglary or theft of contents and stock (usually excluding money unless added separately). Money – Covers loss or theft of money from your premises, in transit, or at a private residence. Glass – Covers internal and external glass (shopfronts, mirrors, signage) against accidental breakage. Public & Products Liability– Covers your legal liability for injury or property damage caused to others due to your business activities or products. General Property (Portable Equipment) – Covers tools, laptops, or equipment taken off-site or used on the move. Machinery Breakdown – Covers repair or replacement costs...