BUSINESS INSURANCE • BURNLEY & BEYOND
Premises, equipment, machinery and stock are central to the way many businesses work. Talk to Umbrella about material damage insurance and the details an insurer needs to understand what you own and where it is kept.
Tell us what your business does, what has changed and when you need cover.
Call 01282 348494 or use the quote link to contact our team.
Separate the building from its contents, and identify items you lease, hire or hold for other people. Explain how each premises is used, whether anything is stored elsewhere and how values change through the year. A useful review starts with the assets you would need to replace.
Clarify whether you own or lease the premises and who insures the structure. Tenant improvements and fixtures may need separate attention.
List the equipment your business depends on and how its value has been assessed. Mechanical breakdown is a separate question from damage caused by an insured event.
Discuss stock levels, seasonal peaks, contents at other addresses and property held for customers. Check the selected cover, valuation basis and applicable limits.
Raise the expected peak before the stock arrives. Share the dates, values and any extra storage location. Check whether the policy accommodates that change and what security conditions apply, rather than relying only on an annual average.
The amount needed to reinstate a building can differ from its sale price. Discuss the rebuilding information required and whether a professional assessment is appropriate.
Do not assume that it does. The cost of repairing physical assets and the financial effect of an interruption should be considered separately.
Explain your lease responsibilities and the assets you own. You may still need to discuss contents, stock, equipment and improvements even where the landlord arranges buildings insurance.
Explore the questions to raise alongside your material damage insurance review.
Explore the questions to raise alongside your material damage insurance review.
Own a let property or commercial building? Property Owners Insurance is a core strength at Umbrella. For the wider range, visit our business insurance guide.
HERE WHEN YOU NEED US
Share your business details, current cover and renewal date. We’ll help you prepare a useful enquiry.
Cover is subject to insurer acceptance, policy terms, conditions, limits and exclusions. We’ll explain the options available for your circumstances.