Insurance | Business Insurance | Business assets insurance

Business assets insurance

This covers your business assets like buildings, tools, plant, machinery, contents and stock for unintended and unforeseen physical loss or damage from events, such as fire, burglary, theft, flooding, subsidence, landslip, earthquake, hydrothermal or geothermal activity, volcanic eruption or tsunami.

Some key benefits of TOWER’s Business Assets cover include:

• Your insured tools, plant and machinery are covered anywhere in New Zealand
• Your insured laptop and mobile phone under two years old are covered anywhere in the world, up to $5,000 each
• Replacement for your tools and assets if not repairable. This can make a substantial difference at claim time, and can help your business get back to normal as quickly as possible
• Cover for your insured stock is automatically increased by 20% during November, December and January
• If your cash is lost or stolen whilst securely locked at your business premises, or in transit, you’re covered up to the value of $5,000
• Your employees’ personal effects which are at the premises or elsewhere when being worn or used in the course of their employment (eg laptops, phones, cameras) are covered for up to $5,000
• Where keys to your premises have been stolen or duplicated without authority there is cover for the cost of altering or replacing your locks and keys, up to the sum insured specified in the policy
• Refrigerated goods are automatically covered for damage due to accidental stoppage or breakdown of fridges and freezers, up to the sum insured specified in the policy.

Terms, conditions and limits apply to all automatic extensions.

Once you’ve got Business Assets cover you can choose to add Liability and/or Business Interruption cover to your policy.

Contact us today and get cover for your business

With a TOWER Tailored Business Policy, it’s easy to deal direct. We have a trained team of consultants on hand to answer your questions so you can decide what options suit you best. For your business insurance quote or for more information, call us on 0800 808 808 Monday - Friday 8.00am - 5.00pm or complete TOWER's online quote request form, and we will contact you.

Important: Policies subject to TOWER’s normal underwriting criteria. This is only a summary of the business insurance cover that may be available from TOWER. Full details including terms, conditions and exclusions are contained in the policy document.  TOWER business insurance is underwritten by TOWER Insurance Limited.

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