Industrial property insurance is a type of insurance that every company needs, whether it owns its building or rents it, because it protects buildings, their contents and exterior fixtures.

For businesses such as shops, restaurants, offices or showrooms, unexpected damage to their premises can disrupt services, impact stocks and damage reputation. In addition, all repair expenses would have to be paid out of pocket, which is why purchasing an industrial property insurance policy should be a high priority.

One Broker provides customized insurance plans and invests time and resources to make sure your policy covers all essential elements of your business. For an accurate overview of the insured property and to avoid any complications in case of a claim, it is essential to make an inventory of the goods and their value.

What Does Industrial Property Insurance Cover? 

Industrial property insurance covers loss of or damage to the insured property. The policy protects your company’s physical assets like buildings, equipment, tools, inventory, furniture and contents, from fire, explosions, storms, burst pipes, theft or vandalism.

Industrial property insurance coverage includes:

• Fire damage and smoke damage – caused by fire, explosions, lightnings;

• Water damage – caused by floods, storms, rains, or typhoons;

• Damage resulting from natural disasters, like earthquakes, volcanic eruptions, tsunamis;

• Damage to foundations – caused by landslide and subsidence;

• Theft and burglary.

Additional coverage options are available to tailor your insurance to meet all your needs:

• Strikes and riots

• Malicious property damage (such as vandalism)

• Debris removal following damage

• Accidental damage to plate glass, such as shop windows

• Fire extinguishing expenses

• Damage to machinery caused by faulty design, short circuits, storm damage and other reasons

One Broker provides market-leading insurance solutions at competitive prices. Policies are personalized based on your company’s specific needs to make sure your property is protected when the unexpected happens.