Asset Insurance

Secure your assets, safeguard your business

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When is this useful?
Building and maintaining an asset pool for your business takes a lot of time and effort. It would be a shame if you had to pay for the losses incurred in case of property damage, theft, or if someone poured a cup of coffee on their Macbook.

What is commercial property or asset insurance?

Asset Insurance is your safety net against unforeseen damage to your physical assets. It covers the cost of repairing or replacing your company's physical property, such as buildings, equipment, inventory, furniture, and fixtures, in the event of damage caused by fire, theft, or other covered disasters. It's a crucial part of any risk management strategy, safeguarding the core of your business operations.

Why do you need commercial property insurance?

Asset Protection
Safeguards your physical assets against damage and loss
Financial Security
Prevents substantial financial loss caused by property damage
Business Continuity
Ensures smooth business operation after a loss event
Risk Management
Helps manage the inherent risks associated with owning business property
Lease Requirements
Fulfills lease agreements that require property insurance
Peace of Mind
Offers reassurance knowing your business assets are protected

What does commercial property insurance cover?

Building Coverage
Covers your owned or rented building against damages
Electronic Gadgets
Protects against loss or damage to your electronic and portable equipment 
Inventory Loss
Protects against loss or damage to your inventory
Natural Disasters
Covers damage caused by events like fire, storm, or other covered disasters
Theft and Vandalism
Provides protection against theft or vandalism of business property
Business Interruption
Covers lost income and extra expenses due to covered property damage
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Who should buy professional indemnity insurance?

New startups
With tight budgets, any property loss or damage can severely impact startups. Asset Insurance ensures they are well-protected.
Growth stage
As your business expands, so does your inventory and property. Asset Insurance provides the necessary protection as your operations scale.
Large entities
Larger organizations have larger assets to protect. A robust Asset Insurance policy is essential to safeguard extensive physical assets and ensure business continuity.
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How is D&O liability insurance cover better with Plum?

Risk mitigation
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Adequate evaluation
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Legal compliance
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Regulatory investigation
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Builds reputation
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.
Financial coverage
Your company and board is protected for liabilities that can arise from unforseen wrongful acts.

Frequently asked questions

Why do I need business insurance?

Business insurance is essential because it safeguards your business from unforeseen financial risks. It can help cover the costs of property damage, liability claims, legal fees, and other expenses that could otherwise affect your business.

How much does business insurance cost?

The cost of business insurance depends on many factors, including the size of the business, the industry, the location and the coverage limits. Check out our recommendation engine to receive policies tailored to your business with estimated costs.

What does business insurance cover?

The coverage provided by business insurance depends on the type of policy you purchase. Common coverage areas include property damage, liability claims, shareholder lawsuits and data breaches.

Do companies belonging to specific industries particularly need business insurance?

Every business faces unique risks and liabilities, regardless of industry.

It would be prudent to reach out to your insurance provider for a clear picture of the risks typically faced by businesses like yourself and how to mitigate such risks. Book a meeting with a Plum insurance expert here.

Why should I choose Plum for Business Insurance?

  1. Provides one-touch access to trusted insurers and cost-effective plans.
  2. Connect with insurance experts for regular check-ins and advisory support
  3. Brings the expertise and leverage with insurance companies for high-value claims