Property Damage - Property Insurance provides protection for the assets you own, rent or lease for any physical damage sustained caused by an Insured peril. It covers most financial losses you may experience in the event the physical assets of your business – the building, equipment, fixtures or property in your care, custody & control -- are damaged.
Business Interruption Insurance is designed to put a business in the same financial position it would have been in if no loss had occurred. Business Interruption Insurance responds to a loss resulting from interruption to your business, whether total or partial, and caused by physical loss, damage or destruction of property that is insured under the Property Insurance policy. A property insurance policy only covers the physical damage to the business, while the business interruption policy covers the income that would have been earned.
For more information please contact us
uk.salesteam@nacora.com