Material Damage and Business Interruption

At Miles Smith we are constantly evolving our insurance offering to meet the needs of modern businesses. We now offer a combined material damage and business interruption policy to protect our clients if they suffer loss or damage to buildings, plant and stock that may in turn result in a significant overall business interruption.

Material damage insurance provides cover to reinstate any asset lost or damaged to how it was before an insured event occurred, such as a fire or flood. It’s the modern form of what used to be called fire & perils but is a far superior cover. When combined with business interruption cover, it provides complete cover against a serious event. Not only are your assets covered, but your business income is protected financially from an inability to trade.

  • What’s typically covered?
  • Reinstatement and replacement of buildings, fixtures, office contents and stock
  • Damage or destruction from fire, storm or flood
  • Accidental Damage
  • Loss of revenue
  • The cost of any additional staff needed as a result of the disaster
All businesses are unique so to make sure you’re covered, get in touch with our team of experts.

"Miles Smith staff are friendly, extremely approachable, responsive and very much work with us, allowing us to get on with the day-to-day running and growth of our business"

Karl Stevens
Group Finance Director

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Our team are experts in arranging insurance solutions for your industry.

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FAQs

Does my trade fit within Miles Smith's appetite?

Please call us to discuss your specific needs and we will be happy to assist.

Can you cover my property outside of the UK?

Our policy can cover holiday homes throughout the world. We will work with you to understand the unique risks in the country where your holiday home is before creating cover that keeps your holiday home protected.

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