Peril Insurance for Businesses

Peril insurance is a type of insurance that provides coverage for damage and loss caused by a wide range of perils, such as natural disasters, theft, vandalism, and more.

Why Do You Need Peril Insurance for Businesses?

A single peril, such as a flood or a theft, can cause significant damage to a business, leading to financial losses and even closure. Peril insurance provides financial protection for businesses, ensuring that they can recover from the damage caused by a peril and continue their operations.

Without peril insurance, the costs of repairing or rebuilding a business after a peril could be overwhelming, potentially leading to financial ruin for the business. Investing in peril insurance can provide peace of mind, knowing that your business is protected from the unforeseen risks and uncertainties that come with running a business.

Peril Insurance can help cover your business from a wide range of risks.

Learn more about Peril Liability for your business:

Each business has different assets that they have invested in, whether it’s the building or premises, machinery, office equipment, or stock or inventories. Each has its own risk exposure. With the perils coverage, you will be able to make a claim if anything were to happen to your assets because of a flood, landslide, storm, riot, or explosion.

Should there be any unforeseen accidents such as floods, landslides, and storms, with selected coverage, SME owners are able to claim their sum insured limit for the damages to the premises, their machinery, and their stocks and inventories. Each peril selection will affect the premium. Select the relevant peril add-ons for your business.

With every business, there are different risks involved. Whether or not the business owners have identified these risks or outsourced them, they exist. A business owner can choose to self-insure, which may set back their capital, or obtain the right insurance coverage, which could benefit them and their business.

Do consider adding additional special perils should your insured location be exposed to riots, floods, storms, explosions, or landslides. With the addition of some perils, your machinery, buildings, stocks, and inventories are covered from damage caused by the perils. We would also recommend burglary, money, as well as plate glass, signboard, and signage coverage.

Yes, please contact us at our call center to obtain an endorsement should you need to add on any coverages as your business grows and its risks change.

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