Protect your assets - 29/09/04
Can you afford to risk it?
Your biggest single purchase and your
greatest financial commitment is likely
to be your office or other commercial
property, so it makes sense to protect
your bricks and mortar and what is inside
against the worst. Get
covered now at the GoBusinessFinance Marketplace.
Choosing the right insurance protection
is an important decision for any business
owner. A break-in, a fire or a flood,
for example, will all have an impact on
you, and your business. How much will
depend on what protection you have in
place. It's essential to purchase some
form of protection, either for peace of
mind or to satisfy legal requirements.
- Fit approved locks to doors and windows.
The level of security will depend on
the type of doors and windows, so talk
to insurers first.
- Intruder alarms. Installing an approved
alarm can typically reduce your premium
by between 5-15%. If the alarm is linked
to a police station your premium could
be even lower.
- Fit a smoke alarm. With the costs
of domestic fires rising, some insurers
may offer cheaper premiums on both buildings
and contents policies if you fit smoke
detectors.
Other things to consider…
If you use a car or van you will also
need to take out motor insurance, not
only to provide protection against theft
or damage but also to comply with your
legal obligations under the Road Traffic
Act. You may also have a legal obligation
to have certain machinery and plant inspected.
Engineering insurance will provide you
with that inspection service, and can
also provide cover for the item of plant.
You should also consider purchasing Terrorism
cover to top up the cover provided by
your business policy.
Written By Simon Johnson
Xbridge
Decision Finance
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