Property Insurance and Business Interruption

Property Insurance (or fire insurance in general) belongs to traditional covers. The idea is to provide our customers with adequate protection against standard external perils such as fire (fire, explosion, smoke), natural hazards (flood, earthquake, windstorm, hailstorm, fall of trees etc.) human element hazards (theft, burglary, vandalism) and other perils. Or, the cover may be constituted as an „all risk“ protection policy where just exclusions from the cover play an importance.

Typical items insured are buildings, building betterments, office contents, furniture, producing machinery, electronic and computer equipment, stock, work in progress and final products.

Property Insurance may be extended by Business Interruption cover that provides protection against financial consequences (lost profit, extra expense) of a material loss.

As additional extension we may provide Inland or European Transit where Insured´s products are being moved from one location to another.