Insuring assets is an area that sounds simple, but there are many issues to consider. Some of these can be:

• Do you have customers’ goods that you want to insure?

• Do you have refrigerated goods that could deteriorate if power was lost? This sum is always limited.

• Often printers or machinery can be leased, but under the lease you are responsible for insuring the assets - are these covered?

• Where are the assets located? It is possible to obtain cover for assets “Anywhere in New Zealand”, but this is more expensive than cover at specific locations.

• If you are shifting, picking up or delivering goods, what are they worth? Do you wish to have transit cover? Goods in transit are frequently excluded or limited.

• Other areas of risk that are often missed include limitations around cash, and stock in the process of manufacture.