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 AIG Australia > For Businesses > Assets > Property Energy
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What is it?
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Property insurance protects businesses against the financial consequences of damage
to their buildings and other "tangible assets" from fire, flood, theft etc. It can
also cover the financial losses that a company experiences because of such incidents,
which prevents them from running their operations properly and could ultimately
affect their profits. It usually provides protection for a specified period of time
after the initial loss.
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Why do you need it?
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With an increasingly hostile natural environment, including the risk of flood, as
well as rising crime rates, the threats to a company's operations are greater than
ever. The consequences of property damage are wide-ranging and the potential loss
from business interruption, such as reduced productivity, can be devastating to
the balance sheet, even more so than the original loss.
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Who needs it?
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Asset protection is an essential feature of every company's loss prevention portfolio,
whatever their size or type of operation. Large organisations with a range of operations,
particularly worldwide, have especially complex needs in protecting their assets.
Smaller businesses are more vulnerable to disruption as they often have neither
the finance nor the capacity to manage unexpected incidents.
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Why use AIG Australia ?
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We offer a range of products to give essential protection to a company's property
and some of the features which differentiate are products include:
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- a worldwide servicing network of AIG member companies to look after global programmes
- unique programmes to match precise needs, for example on a specified perils or
all risks basis
- a tailored approach to property surveys, recognising that different organisations
require different levels of assistance
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Find out more
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Contact us
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