Fire & perils or industrial special risks

Builders

If you have a workshop, manufacturing facility, kitchen or cabinet factory and the like you should make sure you have the appropriate insurance programme to protect your assets.

You may also have the investment properties that require insurance protection.

There are a variety of property, asset, crime and liability risks that can attach to your business in its day-to-day operations. These risks can be reduced by the purchase of appropriate insurance. Dependent upon the size of your business and operations, you should give serious consideration to the policies listed below and insure where appropriate. Just simply balance your insurance portfolio with your business risk.

What does fire & extraneous perils insurance cover?

HIA Insurance Services' fire & extraneous perils insurance covers loss, destruction, damage and/or consequential loss caused from the following perils.

Insured perils -

• Fire
• Lightning, thunderbolt or meteorite
• Explosion or implosion
• Impact by vehicles etc
• Earthquake, subterranean fire or volcanic eruption
• Aircraft
• Riots, strikes and malicious damage
• Smoke
• Storm and/or tempest and/or rainwater
• Water or any substance discharged or overflowing

Accidental breakage of glass

• Glass means all internal and external glass, illuminated signs, wash basins, sinks, toilet bowls and cisterns forming part of the premises.

Burglary

• Burglary (including damage to the property insured occasioned by or happening through such burglary) being:
• Theft consequent upon actual forcible and violent entry upon the premises and/or out buildings or any attempt thereat;
• Theft or any attempt thereat by a person feloniously concealed on the premises and/or outbuildings;
• Theft consequent upon threat of immediate violence or violent intimidation.

Money

• Damage to money (as defined) arising from any cause except:
• Damage by or through the fraudulent embezzlement by or the fraudulent misappropriation by the insured or any person or persons in the service of the insured;
• Damage to money while being carried by professional money carriers, professional carriers or common carriers;
• Where stolen from any unlocked and unattended vehicle;
• Where the loss is not discovered within five (5) working days of the loss occurring;
• Where stolen from a safe or strongroom opened by a key or by use of details of a combination, either of which has been left at the situation, outside the insured's business hours.

Public and product liability as separate from your building operations

• Machinery breakdown
• Computer and electronic equipment
• Fidelity guarantee
• General property
• Transit of goods and materials

For more information about this policy contact HIA Insurance Services.

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