Assets All Risks

Assets All Risks

This covers All Risks Material Damage and Business Interruption Interests of every kind, nature and description including but not limited to:-

  • buildings (as defined) including new premises and buildings in the course of alteration and repair and additions thereto, and occupied as commercial, non-commercial, residential or for any other purpose, including structures, foundations, walls, gates, posts, fences, roadways, parking areas; plant and machinery (as defined)
  • all contents (as defined); stock and materials in trade (as defined); fixed or moveable glass, cash, articles of fine art, documents, bowling greens, tennis courts, outdoor entertainment areas, landscaped gardens, money, spare parts, fuel, electronic data processing equipment, office contents and machines, media and any other property for which the Insured may have assumed responsibility
  • Business interruption including gross profit, gross revenue, wages and salaries, gross rentals, additional expenditure, contingent business interruption including suppliers’ and customers’ premises, prevention of access extension, failure of public supply, reinstatement of data costs, increased cost of working and claim preparation costs.

Benefits

The policy covers:
  • All contents in the building; stock and materials in trade (as defined); fixed or moveable glass, cash, articles of fine art, documents, bowling greens, tennis courts, outdoor entertainment areas, landscaped gardens, money, spare parts, fuel, electronic data processing equipment, office contents and machines, media and any other property for which the Insured may have assumed responsibility.
  • Business interruption including gross profit, gross revenue, wages and salaries, gross rentals, additional expenditure, contingent business interruption including suppliers’ and customers’ premises, prevention of access extension, failure of public supply, reinstatement of data costs, increased cost of working and claim preparation costs.

Features

The policy also covers buildings (as defined) including new premises and buildings in the course of alteration and repair and additions thereto, and occupied as commercial, non-commercial, residential or for any other purpose, including structures, foundations, walls, gates, posts, fences, roadways, parking areas; plant and machinery (as defined).

FAQS

1. Is premium paid at the time of claim? No. Premium is paid at inception of cover. 2. Why assets all risks? The principal is that everything is covered unless it is specifically excluded. 3.What are the covers given?
  • Fire
  • Burglary
  • Consequential loss
  • Machinery breakdown
  • Electronic equipment
  • All risks
  • Plate glass
  • Money
  • Fidelity guarantee
  • Public liability etc.
All covers have specific sums insured and will be subject to that class, normal terms, conditions and warranties.