Business Assets / Material Damage

What is Material Damage Insurance?

Have any questions about how this can apply to you?

Your Commercial property and physical assets such as stock, fixtures and fittings are major assets to your business that you would want to protect.


Material Damage insurance provides protection to your property against physical damage such as fire, accidental damage, natural events and burglary to get your business back up and running.


The purpose of Material Damage insurance is to repair or replace the asset that is damaged to the condition it was in prior to the event that occurred so you are no worse off.

Material Damage may cover:

  • Fire that damages your building.


  • Burglary that leads to loss of stock


  • Damage to your fixtures and fittings as a result if flooding