Insurance Services > Personal > Buildings and Contents


Whether you are interested in protecting a large business or your own home the principles are largely the same: protection is needed against catastrophic loss or damage to vital assets.

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A conventional policy insures against fire, lightning, explosion, aircraft, riot, malicious damage, storm, flood, burst pipes and impact damage, and this can be extended to provide accidental damage or 'all risks' cover too.

Items taken outside the building will need additional cover because the standard policies only insure them whilst within the building itself. The cost of that extra cover will depend upon whether the contents are permanently at other locations or alternatively they are moved about within the UK, within Europe or elsewhere in the world.

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It is important to remember that business policies cover business assets and domestic policies cover domestic assets. This means that an ordinary household policy will not cover any business equipment at your home and similarly a business policy will not cover personal effects of you or your employees because the business does not own them.

The vast majority of policies include an annual increase in the sums insured to offset the effects of inflation but this is a very blunt instrument indeed. Some items change in value at a markedly different rate to others and it is rare for a year to go by without there being some disposals or acquisitions. You should therefore reconsider how much cover you need at least once every year.