Property insurance provides indemnification for the
loss of your company’s physical assets. In many
instances, the policy may also indemnify your firm for
the loss of income or cover expenses associated with the
incident through business interruption coverage. Business
interruption provides coverage for three types of monetary
losses: loss
of income (including rents), extra expenses, and contingent
loss of income or contingent extra expense.
Depending upon a client’s needs, the
property policy can also feature boiler and machinery
insurance, which essentially covers equipment breakdown
and insures your company for:
- Damage to your firm’s boiler and machinery
property
- Expediting expenses to rush repair or replacement
of your damaged property
- Damage to others’ property in your firm’s
care as well as an option to cover any bodily injury
liability.
Wortham’s staff of highly skilled professionals
and technicians is well experienced in developing property
insurance strategies for a wide variety of assets around
the world. Clients benefit from our team’s in-depth
engineering and risk management expertise in mitigating
their exposure to loss.
To ensure that clients achieve the best property coverage,
we put our strong contacts in the global underwriting
markets to work for you. Serving as the client’s
advocate, the Wortham team provides full oversight in
meeting the underwriters’ requirements and enabling
them to clearly understand our clients’ operations
and goals.
At Wortham, we go beyond our role in insurance brokerage.
We also provide a full range of services to clients, including
loss control, fire protection, safety programs, claim
administration and coordination with local regulatory
officials.
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Whether
it’s an office building, manufacturing facility or
retail store, your company’s physical property is
most likely one of your most valuable assets. In today’s
complex business environment, clients rely on Wortham’s
trusted advisors to guide them in securing the right insurance
products that match their specific needs. Leveraging our
firm’s exceptional relationships with the global insurance
markets, we help clients secure the level of property insurance
their business needs to succeed.
