Your business
has more to lose.
Your premises may be locked. Your doors may be strong. But a burglary can still turn stock, equipment, furniture and other business property into a significant financial loss. Burglary insurance is designed to protect insured property against covered burglary or theft-related events, subject to the policy wording.
Is It Worth It? ↓
The question isn't
whether you have
valuable assets.
Almost every operating business has something worth stealing. Inventory. Computers. Equipment. Furniture. Tools. Goods waiting to be sold.
The more important question is whether a burglary could create a financial shock that your business would rather not absorb on its own.
When does burglary insurance make sense?
There is no universal answer. The decision depends on how much property is exposed, how easily it could be replaced and how comfortably your business could absorb a major loss.
Consider it seriously.
Businesses holding significant stock, equipment, electronics, tools or other valuable property may have more to lose from a burglary.
Assess the trade-off.
If your business has limited physical assets, the value of the insurance may need to be weighed against the premium, deductible and policy terms.
The thief may enter
for one thing.
Your business can lose several.
Stock & Inventory
Goods held for sale can represent a large amount of working capital.
Equipment
Computers, tools, operational equipment and other insured property may be exposed.
Furniture & Fixtures
Business contents may also form part of the insured property depending on the policy.
Premises Damage
Certain burglary policies may also respond to covered damage caused during forcible entry or attempted entry.
Burglary insurance
isn't simply
"theft insurance."
Many burglary policy wordings distinguish burglary from ordinary unexplained theft. For example, some policies define the covered event around actual, forcible and violent entry into the insured premises.
Do not assume that every missing item will automatically qualify as a burglary claim. The definition of burglary, the circumstances of entry, the property insured and the exclusions should be checked in the actual policy wording.
Look beyond the stolen item.
Look at the whole exposure.
Insured Property
Property specifically included in the policy can be covered up to the applicable sum insured.
Entry Damage
Some burglary policies also cover specified damage to premises following covered forcible entry or attempted entry.
Financial Limit
The insurer's liability is generally subject to the sum insured and other applicable policy limits.
The small print
can make a
big difference.
Money and valuables may need special treatment.
Certain policies exclude money, jewellery, securities, business books and similar valuables unless they are specifically insured or covered under applicable terms.
Employee involvement can affect a claim.
Policy wordings can exclude losses where an insured person or employee is involved in the theft or damage. Always check the specific wording.
The premises must meet policy conditions.
Security arrangements, occupancy, changes to the premises and other conditions can affect coverage depending on the policy.
Consequential losses are a separate question.
Loss of business income or interruption following a burglary may not automatically be part of a basic burglary policy and may require separate protection.
How much would you
actually have to replace?
Start there.
The sum insured should reflect the property and exposure you are actually trying to protect. Think about the value of stock, equipment, furniture, fixtures and other insured property. Choosing a number simply because it produces a lower premium can create an avoidable protection gap.
Speed matters.
So does evidence.
Secure the premises
Take reasonable steps to prevent further loss while preserving relevant evidence.
Inform the police
Notify the police and follow the applicable reporting requirements.
Notify the insurer
Inform the insurer promptly and follow the claim notification process stated in the policy.
Prepare proof
Keep invoices, stock records, photographs and other documents that can help establish the loss.
Before you buy,
ask these questions.
Your business
shouldn't have to
start over from one night.
Understand your property exposure, the applicable coverage and the policy conditions before choosing business burglary insurance.
Talk to Us on WhatsApp
Your business
has more to lose.
Your premises may be locked. Your doors may be strong. But a burglary can still turn stock, equipment, furniture and other business property into a significant financial loss. Burglary insurance is designed to protect insured property against covered burglary or theft-related events, subject to the policy wording.
Is It Worth It? ↓
The question isn't
whether you have
valuable assets.
Almost every operating business has something worth stealing. Inventory. Computers. Equipment. Furniture. Tools. Goods waiting to be sold.
The more important question is whether a burglary could create a financial shock that your business would rather not absorb on its own.
When does burglary insurance make sense?
There is no universal answer. The decision depends on how much property is exposed, how easily it could be replaced and how comfortably your business could absorb a major loss.
Consider it seriously.
Businesses holding significant stock, equipment, electronics, tools or other valuable property may have more to lose from a burglary.
Assess the trade-off.
If your business has limited physical assets, the value of the insurance may need to be weighed against the premium, deductible and policy terms.
The thief may enter
for one thing.
Your business can lose several.
Stock & Inventory
Goods held for sale can represent a large amount of working capital.
Equipment
Computers, tools, operational equipment and other insured property may be exposed.
Furniture & Fixtures
Business contents may also form part of the insured property depending on the policy.
Premises Damage
Certain burglary policies may also respond to covered damage caused during forcible entry or attempted entry.
Burglary insurance
isn't simply
"theft insurance."
Many burglary policy wordings distinguish burglary from ordinary unexplained theft. For example, some policies define the covered event around actual, forcible and violent entry into the insured premises.
Do not assume that every missing item will automatically qualify as a burglary claim. The definition of burglary, the circumstances of entry, the property insured and the exclusions should be checked in the actual policy wording.
Look beyond the stolen item.
Look at the whole exposure.
Insured Property
Property specifically included in the policy can be covered up to the applicable sum insured.
Entry Damage
Some burglary policies also cover specified damage to premises following covered forcible entry or attempted entry.
Financial Limit
The insurer's liability is generally subject to the sum insured and other applicable policy limits.
The small print
can make a
big difference.
Money and valuables may need special treatment.
Certain policies exclude money, jewellery, securities, business books and similar valuables unless they are specifically insured or covered under applicable terms.
Employee involvement can affect a claim.
Policy wordings can exclude losses where an insured person or employee is involved in the theft or damage. Always check the specific wording.
The premises must meet policy conditions.
Security arrangements, occupancy, changes to the premises and other conditions can affect coverage depending on the policy.
Consequential losses are a separate question.
Loss of business income or interruption following a burglary may not automatically be part of a basic burglary policy and may require separate protection.
How much would you
actually have to replace?
Start there.
The sum insured should reflect the property and exposure you are actually trying to protect. Think about the value of stock, equipment, furniture, fixtures and other insured property. Choosing a number simply because it produces a lower premium can create an avoidable protection gap.
Speed matters.
So does evidence.
Secure the premises
Take reasonable steps to prevent further loss while preserving relevant evidence.
Inform the police
Notify the police and follow the applicable reporting requirements.
Notify the insurer
Inform the insurer promptly and follow the claim notification process stated in the policy.
Prepare proof
Keep invoices, stock records, photographs and other documents that can help establish the loss.
Before you buy,
ask these questions.
Your business
shouldn't have to
start over from one night.
Understand your property exposure, the applicable coverage and the policy conditions before choosing business burglary insurance.
Talk to Us on WhatsApp