Property Damage & Business Interruption Insurance

When property is damaged the costs can quickly escalate. Besides rebuilding or replacing existing assets your liability could include replacing damaged customer stock, relocation and debris removal, and the resulting loss of profit for your business. All of these costs can be recovered with Property Damage and Business Interruption Insurance.

Property Insurance provides protection for the assets you own, rent or lease for any physical damage sustained caused by an Insured peril. It covers most financial losses you may experience in the event the physical assets of your business – the building, equipment,  fixtures or property in your care, custody & control -- are damaged.  

Business Interruption Insurance (also known as business Income insurance) is designed to put a business in the same financial position it would have been in if no loss had occurred. Business Interruption Insurance responds to a loss resulting from interruption of business conducted by the insured, whether total or partial, and caused by physical loss, damage or destruction of property that is insured under the Property Insurance policy. A property insurance policy only covers the physical damage to the business, while the business interruption policy covers the income that would have been earned.

Property Damage & Business Interruption Insurance policies arranged by Nacora cover

  • Loss or damage to property following the operation of an insured peril
  • Optional accidental damage cover
  • Damage caused by theft or attempted theft
  • Loss of profit following damage to property
  • Additional operating expenditure for your business following property losses provide the security of knowing that your business assets are protected financially against accidental or criminal damage