TOWER Insurance home
+67 9 331 5955
Contact us +67 9 331 5955

Business assets

Protect your business and its assets such as buildings, tools, plant, machinery, contents and stock. Cover for your employees’ personal effects. Choice of cover to suit your business needs.

Call us on +679 331 5955 or request a quote online.

Request a quote

Need more cover? Protect your business against loss of income, burglary, damage to others’ property and more with optional covers. 

See all optional covers

Key benefits

  • Assets in transit

    Covers you for up to $5,000 for your business assets temporarily situated at other premises or in transit.

  • Additions and improvements

    Covers you for up to $5,000 for any additions or improvements to your building or plant.

  • Fire extinguishers

    Covers you for up to $5,000 for the cost of refilling your extinguishers used to put out fires at your premises.

  • Removal of business assets

    Provides cover for up to $5,000 for the cost of removal and temporary protection of your business assets.

  • Changing locks and keys

    Up to $1,000 cover to replace keys and locks if they are stolen – helping relieve any burglary worries.

  • Other contents

    Covers you for up to $200 per employee for loss or damage to their personal effects.

  • Electric motor burn-out

    Provides up to $1,000 of cover for electric currents burning out electric motors under 4hp.

This is a summary only. For a full outline of the policy terms, conditions and exclusions please read the policy wording.

Download policy (PDF, 192KB)

Call us on +679 331 5955 or request a quote

Request a quote

 

Optional benefits

  • Flood

    Provides cover for loss and damage due to flooding. (Special conditions apply).

  • Gale, windstorm, hurricane, cyclone

    Provides cover for loss and damage due to gale, windstorm, hurricane or cyclone. (Special conditions apply).

  • Earthquake

    Provides cover for loss or damage arising from an earthquake, volcanic eruption, tsunami, geothermal or hydrothermal activity.

Your choice of cover

You have the option to cover your Business Assets for Replacement value (the maximum amount of insurance protection) or Indemnity value (taking depreciation into account). This is important when it comes to claims.

Replacement value on buildings where we cover the cost of rebuilding, replacing or repairing your building to a new condition – up to a maximum of the sum insured.

Replacement value of plant where we cover the replacement or repair cost of your plant (other than motors) less than five years old.

Or

Indemnity value on buildings which is more limited and means we cover the cost of rebuilding or repairing your building to a condition no better than new, less an appropriate allowance for depreciation and deferred maintenance – up to a maximum of the sum insured.

Indemnity value of plant which covers costs to rebuild or repair your plant to a condition no better than new, less an appropriate allowance for depreciation (and some other factors) up to a maximum of the sum insured.