Commercial Property
Addresses the cost of repairing or replacing insured business buildings, stock, contents and equipment after physical loss or damage from events included in the policy.
- Illustrative example
- A warehouse fire damages the building, destroys stored inventory and leaves office equipment unusable.
- Check the wording
- Check rebuilding values, flood terms and underinsurance provisions; replacement cost can differ substantially from market value.
Read the detailed Commercial Property guide
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Industrial Special Risks (ISR)
Combines broad material damage and business interruption protection for larger or more complex businesses, with insured assets, financial interests and exclusions negotiated in the wording.
- Illustrative example
- A factory fire damages production facilities and interrupts trading while essential equipment is replaced.
- Check the wording
- Despite its name, ISR does not insure every risk; declared values, exclusions and negotiated sublimits remain critical.
Read the detailed Industrial Special Risks (ISR) guide
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Business Pack / SME Package
Brings selected small business covers together, allowing property, liability and other operating risks to sit within one policy with separate sections and limits.
- Illustrative example
- A retailer selects building contents, theft, glass and liability sections within one business package.
- Check the wording
- Only selected sections apply; a package label does not establish that every listed business exposure is insured.
Read the detailed Business Pack / SME Package guide
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Business Interruption
Cover section
Addresses insured income loss and certain additional operating costs when an event meeting the policy trigger disrupts trading, commonly following insured physical property damage.
- Illustrative example
- A restaurant loses sales and pays continuing rent while insured fire damage is repaired.
- Check the wording
- Check the damage trigger, insured financial measure and indemnity period; a downturn in demand alone is generally insufficient.
Read the detailed Business Interruption guide
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Machinery Breakdown
Cover section
Addresses sudden mechanical or electrical failure of insured machinery that requires repair or replacement, helping manage the direct cost of restoring essential business equipment.
- Illustrative example
- A production machine suffers an internal electrical failure and needs urgent specialist repairs before restarting.
- Check the wording
- Routine maintenance and wear are generally excluded; production losses need appropriate business interruption or additional expense cover.
Read the detailed Machinery Breakdown guide
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Electronic Equipment
Cover section
Addresses specified damage or breakdown affecting insured computers, electronic control systems and specialist devices, sometimes with separately selected data restoration or increased operating expense benefits.
- Illustrative example
- An electrical fault damages a clinic's diagnostic scanner and prevents staff from using it.
- Check the wording
- Physical equipment cover does not automatically include lost data, software reconstruction or losses caused by a cyberattack.
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Equipment Breakdown
Addresses qualifying breakdown of mechanical, electrical and pressure equipment, potentially spanning a broader equipment schedule than a narrowly defined machinery policy or package section.
- Illustrative example
- A pressure vessel fails unexpectedly, damaging its components and stopping a hotel's hot water supply.
- Check the wording
- Check the definition of breakdown and insured equipment; inspection requirements and exclusions for gradual deterioration can affect claims.
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Deterioration of Stock
Extension
Addresses spoilage of insured refrigerated or temperature controlled stock following specified refrigeration breakdown, power interruption or other temperature changes expressly included in the cover.
- Illustrative example
- A freezer compressor breaks down overnight, leaving a food wholesaler's frozen inventory unsafe to sell.
- Check the wording
- Check permitted causes, temperature monitoring conditions and stock limits; ordinary spoilage or every electricity outage is not necessarily included.
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General Property
Cover section
Addresses loss or damage to specified portable business items such as tools, laptops and specialist equipment while used away from the main insured premises.
- Illustrative example
- A surveyor's measuring equipment is stolen from a secured vehicle while travelling between client sites.
- Check the wording
- Check territorial limits, unattended vehicle conditions and item limits; worldwide cover and unrestricted theft cover should not be assumed.
Read the detailed General Property guide
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Accidental Damage
Extension
Broadens property protection to include sudden unintended physical damage beyond a list of named events, while retaining the policy's excluded causes, property restrictions and limits.
- Illustrative example
- An employee accidentally knocks a heavy object into an insured display cabinet, damaging its structure.
- Check the wording
- Wear, defective workmanship and unexplained disappearance may remain excluded even where the accidental damage option is selected.
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Fire & Defined Events
Cover section
Addresses physical loss or damage caused by specifically listed events, such as fire, lightning, storm or impact, rather than any accidental cause of damage.
- Illustrative example
- Lightning starts a fire at a workshop, damaging the roof and insured tools inside.
- Check the wording
- Each event has its own definition; storm cover does not necessarily include flood or water entering an inadequately maintained building.
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Theft / Burglary
Cover section
Addresses theft of insured business stock, contents or equipment and certain associated damage, subject to the policy's requirements concerning forced entry, premises and security.
- Illustrative example
- Intruders force open a shop's rear door and steal electronic equipment and saleable stock.
- Check the wording
- Shoplifting, unexplained shortages and theft without forced entry may be restricted; money often requires its own section.
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Money
Cover section
Addresses loss of insured business cash and other defined monetary instruments in specified situations, such as at premises, in a safe or during authorised transit.
- Illustrative example
- A staff member is robbed while taking the day's cash takings to the bank.
- Check the wording
- Separate limits often apply to safes, business hours and transit; accounting errors and electronic fraud are not automatically included.
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Glass
Cover section
Addresses accidental breakage of insured fixed internal or external glass, with some wordings including specified signs and necessary associated replacement costs within separate limits.
- Illustrative example
- A shopfront window shatters after an impact, requiring emergency boarding and replacement of the glass.
- Check the wording
- Check whether lettering, frames and illuminated signs are included; scratching and glass already damaged may be excluded.
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Fidelity
Cover section
Addresses direct financial loss caused by employee theft or dishonesty, where the conduct, affected property and discovery of the loss satisfy the policy's definitions.
- Illustrative example
- An accounts employee secretly diverts customer receipts into a personal account over several months.
- Check the wording
- Check who qualifies as an employee and discovery deadlines; fraud by contractors or outsiders may require different cover.
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Tax Audit
Cover section
Addresses eligible professional fees incurred responding to an audit or investigation of business tax affairs by a specified authority, when the required notification conditions are met.
- Illustrative example
- A business engages its accountant to assemble records and respond to an eligible tax audit.
- Check the wording
- The tax bill itself, penalties and interest are generally not covered; obtain any required insurer consent before incurring fees.
Read the detailed Tax Audit guide
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Catastrophe Cover
Extension
Provides a defined extra allowance for rebuilding cost escalation after a qualifying catastrophe damages insured property, when the underlying property policy and extension both respond.
- Illustrative example
- Widespread storm damage drives up local building labour costs while an insured commercial property is repaired.
- Check the wording
- This is not blanket catastrophe insurance; the event trigger, additional limit and underlying insured damage requirements need checking.
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Stock insurance
Cover section
Loss of or damage to insured raw materials, work in progress or finished goods; check deterioration and storage conditions.
- Illustrative example
- A warehouse fire damages finished goods awaiting dispatch.
- Check the wording
- Check seasonal stock values, storage locations, theft terms and whether deterioration is specifically insured.
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Flood cover
Cover section
Damage to insured property from flood where the policy includes it. The flood definition, location, limits and excess need checking.
- Illustrative example
- Floodwater enters a warehouse and damages stock stored at floor level.
- Check the wording
- Flood, stormwater and actions of the sea can have different definitions; confirm the location-specific terms.
Read the detailed Flood cover guide
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