Business insurance
Business insurance includes coverage that is intended to ensure that the business can continue to operate in the event of damage. On the one hand, this includes business or professional liability, and on the other hand, components that insure inventory such as furniture, tools or machines. You can also insure against loss of sales or goods during transport. The options are varied and the insurance cover should be based on the risks of the business.
Inventory insurance
With inventory insurance, the entire inventory is insured against material damage caused by fire, water, burglary and natural disasters (flooding, storms, hail, rock falls, landslides, snow pressure, avalanches and rockfall). This includes, for example, office space, the warehouse or machines. Business inventory insurance can be designed in great detail and according to the risks of the company.
The insured inventory will either be repaired or replaced.
Liability insurance
Business liability insurance is intended to protect against claims for damages. If, for example, your company can be held liable for personal injury or property damage. This can happen if customers are in the company's premises and injure themselves. Or an employee accidentally knocks over a customer's expensive vase. Liability insurance also applies if damage is caused to the rented premises. For service providers such as trustees, insurance consultants or lawyers, liability insurance is called "professional liability". Liability insurance is considered an absolute "must" and is often required by partners or authorities.
Technical insurance
So-called "technical insurance" is intended to protect the company against financial losses in the event that the insured machines/equipment fail due to an external event such as a fall or vandalism or due to an internal cause such as incorrect operation. The insurance covers the repair costs or the replacement value if the machine has to be replaced. Loss of earnings in the event of a business interruption can also be insured. Follow-up costs, additional costs or restoration costs (IT systems) can also be covered.
Business interruption
Business interruption insurance protects against financial consequences if the business cannot continue in the event of damage such as water, fire, natural hazards or burglary. Loss of sales, additional costs, fixed costs such as wages or contractual penalties are covered by the relevant company.
Transport insurance
Transport insurance covers the goods to be transported from the dispatch point to the destination. This can be done by truck/car, by rail, ship or plane. Insurance cover is also provided if goods are sent by post or courier. In addition, the goods can also be insured for exhibitions and trade fairs.
