How to look after your construction business assets

December 23, 2020

Are you setting up your own construction company and want tips on how to protect your assets? You’re in the right place. Here, we explore some of the best ways to protect valuable business assets – from power tools and machinery to intellectual property - no matter what the size of your company.

Keep equipment secure

One of the most important things to get right is the security of your equipment. As a construction business, it’s likely that you’ll have a large amount of expensive power tools, machines and materials that you use daily and are integral to your job. So, when items are lost or stolen, it may leave you unable to complete projects and having to fork out a lot of money for new equipment. This is why having solid security measures in place is vital. Smart technology such as Milwaukee’s ONE KEY anti-theft tool tracker is an effective option, as it allows you to track all your equipment across different job sites or crews.

Get appropriate insurance

Another hugely important thing for any business is to get the right insurance in place. There may be several different types of insurance you need to protect various different assets. For example, you may want to get machine, tool and plant insurance to cover your equipment, as well as building insurance if you work out of a garage or workshop. You’ll also need to get public liability insurance, employer’s liability insurance and professional indemnity insurance to give you financial protection should a claim be made against you. There are many types of insurance you may need, so speak to a professional to find out exactly what policies to take our for your business and the level of cover you require.

Protect your IP and IT

Your intellectual property (IP) is essentially anything you’ve created through your own creativity, such as product inventions, your brand name, designs or other things you may produce. You may need to protect certain types of intellectual property by applying for things like trademarks, patents or registered product designs. As well as potential IP protection, you may need to consider protecting other tangible assets like your computer equipment, petty cash and company vehicles.

These are just a few examples of some of the business assets you will need to protect – so it’s important to get advice from a professional to make sure you factor everything into your asset protection plan. By having the right measures in place to safeguard your business’s current and fixed assets, you can help to build a healthy business model for long-term success.

I believe in making the impossible possible because there’s no fun in giving up. Travel, design, fashion and current trends in the field of industrial construction are topics that I enjoy writing about.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

March 23, 2023
My Helicopter Tour of Everest – the Basics

I’ve been to a lot of places by a lot of different means of transport, but taking a helicopter to Mount Everest has to be way up there in the top three. If you are checking the internet for this trip, it is referred to as the Everest Base Camp Heli Tour or even Everest […]

Read More
March 23, 2023
How can Wayfinding Kiosks improve Tourism Experiences?

  Most people love to get to know a new place when they are travelling. But no matter how well you know a place, there is always more to discover and learn. Navigating unfamiliar locations without any assistance can lead to unpleasant travel experiences. Thanks to interactive kiosks, wayfinding has become easier than ever before. […]

Read More
March 23, 2023
10 Blow-Drying Mistakes To Avoid

  Blow drying is a quick and effective way to style your hair for a polished and sophisticated look. However, using a blow dryer improperly can cause significant damage to your hair. In this blog, we will discuss ten common blow-drying mistakes to avoid so that you can have a beautiful blowout without sacrificing the […]

Read More


Welcome to Urban Splatter, the blog about eccentric luxury real estate and celebrity houses for the inquisitive fans interested in lifestyle and design. Also find the latest architecture, construction, home improvement and travel posts.


linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram