Many businesses hold large stocks of valuable materials and products that make them attractive to professional thieves. And almost all companies are vulnerable to petty pilfering. Some companies, for instance those working with pharmaceuticals or precious metals or stones, are at special risk of theft. The scale of threat from theft can vary so greatly that each business deserves to be treated individually, with a customised insurance package that delivers security at the right price.
Things to Consider when Buying Burglary Insurance
Burglary events fall into three basic categories:
- theft or attempted theft following actual forcible entry into the building;
- theft or attempted theft by a person concealed in the building and exiting after business hours;
- assault or violence, violent intimidation to your employees;
Insurance is available for all these categories, but the cost will depend heavily on the deductible and the maximum limit of cover.
The cost of attempting to provide 100% cover are likely to outweigh the benefits. Providing optimum cover for your business will involve considering the damage that could be caused by different events and distinguishing those which can seriously impair your business from those which are mere irritants with limited effect on the long term health of your business. Sydney Insurance Brokers has many years’ experience assisting businesses to correctly assess their vulnerability to burglary, and designing insurance packages that deliver optimum protection.
We also assist businesses in high risk categories, such as those handling pharmaceuticals, precious metal or gems, to minimise their vulnerability to burglary.
To make sure you have the best possible burglary insurance cover, give Sydney Insurance Brokers a call today, and talk to one of our brokers.