Manage Your Risks, Achieve Your Goals
Located on the Pacific Ring of Fire, Indonesia must face the constant risk of volcanic eruptions, earthquakes, floods, and tsunamis. In the past 20 years, Indonesia has made global headlines because of devastating natural disasters that resulted in the deaths of hundreds of thousands of people and livestock, and destroyed vast swathes of land area (including infrastructure, thus resulting in economic costs). If you are in the commercial real estate business that owns or operates office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, warehouses, or garages, these disasters are a real threat to your business continuity.
Any business that owns office space, leases retail space, manufactures products, manages inventory, leases equipment, or maintains the property of others should consider getting commercial property insurance. It is designed to protect the physical assets of a business against losses or damages from a broad range of incidents. For instance, you may discover that your premises have been flooded, or that faulty wiring caused a fire. Or your building may have been struck by lightning, which can cause both a fire and electrical damage to your equipment. In all of these cases, the losses incurred could be enormous. The insurance policy helps business owners protect all property vital to their daily operations, extending not only to buildings, stores, and offices but also equipment, furniture, inventory, and any other physical assets important to the company.
To protect your cashflow and profit, or to avoid having to pay out-of-pocket for property damage, commercial property insurance is a standard form of business insurance that transfers some of the expenses of addressing such incidents to an insurer. Protecting your commercial property is critical to your business’ financial stability.
Sompo Insurance provides various solutions for your specific business needs, protecting your company’s continuity and sustainability so you and your team can focus on its growth. Please find our product and service solutions below or contact us for customized needs.