First National Bank (FNB) is among the top three banking institutions in South Africa with a business footprint stretching across the African continent. Apart from its financial strength, FNB has always been set apart and ahead of its competition by its ability to innovatively create products and services which meet the needs of various economic sectors as well as segments in the market. One of the products which has positively impacted the business sector is the commercial property insurance. The FNB commercial property insurance is tailored to cover three broad areas and these are assets, liability and financial loss.
Assets category of the insurance policy covers building structure, replacement cover for locks and keys, automatically included accidental damage cover for swimming pool machinery, automatic gates, electric fences and borehole pumps, cover for carports roofed with plastic or shade cloths, cover for the accidental discharge of the extinguishing equipment, bursting or overflowing of water tanks, apparatus or pipes, breakage or collapse of radio, television aerials, masts or satellite dish, optional subsidence and landslip cover included at a cost of up to R5,000,000.
The commercial property insurance liability offers property owners liability of R5,000,000 with extended liability of R20,000,000.
Financial loss cover caters for business interruption covers for loss of income, cover for loss of rent which is up to 25% of sums insured, additional benefits for financed properties, if your property is currently being financed by FNB, free subsidence and landslip is included up to R5,000,000, medical, trauma and funeral costs cover for security guards or the caretaker if they become victims of unlawful assault.
To access the commercial property insurance, First National Bank (FNB) can be contacted on 0875774777.