Our Expertise

 

At BUSINESSAsset we aim to provide a complete Asset solution to both end user customers and equipment dealers & manufacturers. Whatever the Asset - Plant, Equipment, Vehicles or indeed your own Debtors, contact us today for a unique collaborative approach to your Asset Finance, Asset Warranty and Asset Protection needs..

 

 

BUSINESS ASSET - FINANCE

 

Over the years BusinessAsset-Finance has provided finance facilities for virtually every category of business equipment you could imagine. These include:



IT Systems & Software

Office Equipment & Telecoms

Office or Shop fitouts & refurbs.
Printing Equipment: Litho, Digital & Finishing
Engineering & Machine Tools
General Plant & Machinery
Medical Equipment
Catering Equipment
Health & Gymnasium Equipment

......and many more



​We are able to provide funding facilities for virtually any type of 'BUSINESSAsset'.

 

BUSINESS ASSET WARRANTY

 

We work closely with manufacturers and sole agents to enable them to offer long term extended warranties on their equipment with the minimum of risk to themselves.

 

Our product is discreet meaning that your customers are unaware that you have insured the warranties on their equipment.

 

Manufacturers and sole agents can benefit by us offering them the ability to cover the equipment with a warranty of up to 7 years. This gives control over regular

servicing, which is a policy requirement and it allows regular customer contact that could result in further sales.

 

BUSINESS ASSET PROTECT

 

BUSINESSAsset-Protect breakdown cover is the best way of protecting your business against the unexpected costs of a breakdown or damage to your production

equipment and machinery.



The cost of the cover is fixed for the life of the policy, which can be up to 7 years. This allows you to budget for your repairs without putting unnecessary strain on your cashflow.



There are various options to choose from depending on the level of cover that you need. The policy will cover anything from a single machine to an entire production plant. 

 

Manufacturer/ Dealer Extended Warranty Services

 

Are you an Equipment Manufacturer or a Sole Agent based in the UK?



Would you like to offer your customers extended warranties at minimal risk to yourselves?

 

Call us or enquire below. We'd be very pleased to discuss your requirements.

 

Customers are always looking for a better deal, and the comfort of a longer warranty can be very persuasive.



We don’t sell extended warranties, we insure the manufacturer or sole agent for the cost of repair for breakdowns, which will allow them to offer an extended warranty at

minimum risk to themselves.

 

The reason why we don’t call our cover an extended warranty is because we don’t cover adjustments, no fault found and other situations that the manufacturer may

choose to include in their warranties.

Manufacturers and sole agents can benefit by us offering them the ability to cover the equipment with a warranty of up to 7 years. This gives control over regular servicing,

which is a policy requirement, and it allows regular customer contact that could result in further sales.

With our policy, the manufacturer will be covered for the cost of replacement parts and the associated labour, in the event of a breakdown, which includes damage

caused by operator error, power fluctuations and process materials, such as inks or paper.



There is an excess of £250 per claim (£500 and £1,000 are also available to reduce the premium).

The policy is taken out by the manufacturer or sole agent and the end user will be unaware of it.

The policy can be taken out for any period from 2 to 7 years.

During the first year, (or 6 months if applicable) whilst the manufacturers warranty is in force, the policy will provide cover for damage caused by process materials,

operator error and power fluctuations.

Premiums are paid for in full, at the outset as they should form part of the equipment cost.

If the equipment was sold recently and is still under warranty, we can offer cover and the premium will be determined by the number of months manufacturer’s

warranty that remains. If the manufacturer’s warranty has ended, we can provide cover to the manufacturer or sole agent to be used as part of their maintenance contract cover.

 

Asset Damage & Breakdown Cover

 

Do you have Production Equipment/ Machinery that is expensive to repair and crucial to your business?



Would you like to know the cost of insuring your equipment for the cost of unexpected repair bills?

 

Our Damage & Breakdown Cover could be ideal for your business. Please contact us for a quotation.

 

Extent of Cover

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● Breakdown - sudden and unforeseen breaking, distortion, overheating or electrical burnout of any part resulting in its immediate stoppage of function before normal

working can be resumed.

 

● Accidental Damage - loss or damage caused by accidental or malicious external causes including damage caused by operator error, during normal operation

of the insured machinery.

 

● Theft - where accompanied by forcible and violent entry to or exit from the customer's premises

 

● Robbery - loss or damage caused by theft or attempted theft involving the use of force or the threat of force against any person authorised by the insured customer

to be in possession of the insured equipment.

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Benefits

 

● Full cost of repairs (less policy excess & value of salvage) for partial losses throughout the entire period of cover.

● In the event of total loss,- the new replacement value of the item at the time of the occurrence, except where the market value declared at inception was less than

60% of the new replacement value, in which case the settlement will be the market value of the machinery at the time of the occurrence.

● Finance Repayment Protection – Periodic finance repayments payable for a maximum period of 6 months whilst machinery is inoperable (including any breakdowns

within the warranty period) but excluding the first 14 days.

● Expediting costs - expenses reasonably incurred in making temporary repairs and expediting permanent repairs up to the lesser of 50% of the claim or £12,500

● Hire of alternative equipment after 48 hours following the incident of loss or damage up to £25,000, OR the additional cost of working after 7 days for up to 6 months,

up to £5,000
● Cover for a fixed term - regardless of the finance period.

● Fixed Monthly payments - guaranteed for the term of the insurance irrespective of claims experience.

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Principle Exclusions

● The policy Excess.
● Consequential loss.
● Equipment / Machinery used for hire or whilst loaned out.
● Theft or attempted theft unless accompanied by forcible and violent entry to or exit from the customer’s premises.
● Loss or damage caused by Fire, Lightning, Aircraft or Explosion, Flood or Inundation from the sea.
● Loss or damage which is the responsibility of the manufacturer’s warranty, guarantee or maintenance agreement.
● Loss due to wear and tear, gradual deterioration, rusting, corrosion or oxidisation or scratching to painted or polished surfaces, intentional overloading,

experimentation, testing or commissioning.
● Losses reported to the insurers more than 30 days from the date of the occurrence.
● Loss or Damage caused by Breakdown in the first 30 days of cover unless the Equipment / Machinery is the subject of a manufacturer's warranty or the Insured

Customer has owned it for at least 30 days prior to cover commencing and has declared any claims, losses or incidents to the Insurer.

 

Market Specialisation

 

At BUSINESSAsset we recognise the differences between industries and that their needs often vary significantly.

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Certain industry sectors feel a particular vulnerability to equipment failure and the sometimes catastrophic repair costs associated with operating high end equipment

and machinery. This can be of particular relevance in the Printing, Engineering & Manufacturing sectors.

Due to our extensive involvement in these industries we understand their specific needs and we endeavour to provide the solutions, where possible.

In some cases we have developed individual products to assist our customers.

We believe that our unique approach to these industries sets us apart from our competition.

 

Telephone & email

 

Business Asset & Vehicle Finance Ltd

2nd Floor

Stanford Gate

South Road

Brighton

East Sussex

BN1 6SB

 

Tel: 01273 724744

Fax: 0871 2646588

email: info@businessasset.co.uk

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Contact the Directors:

 

Asset & Vehicle Finance

stuart.balfour@businessasset.co.uk

 

Warranty & Protect

clive.underhill@businessasset.co.uk

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