Buildings, equipment, goods and office appliances make up only a portion of the property the insurance of which should be given some thought by companies.
- Corporate property insurance conditions 1/2011 (EST) (Valid from 1.01.2011)
- All risk insurance conditions 1/2011 (Valid from 1.01.2011)
- Indemnity regulations 1/2012 (Valid from 15.07.2012)
- Machinery breakdown insurance conditions 1/2007 (Valid from 1.02.2007)
- General contractual terms and conditions
- Appraisal and indemnity regulations 1/2011 (Valid to 14.07.2012)
The purpose of the corporate property insurance is to indemnify the damage caused to the property pertaining to the business of the company and to ensure the company's sustainability.
The property of a company can be insured using a combination of various products which make up an insurance solution based on the needs of the company. The minimum protection is fire coverage, which covers damage arising from fire, lightning, explosion and sudden engagement of the fire extinguishing system. We recommend combining the fire coverage with burglary, robbery, pipe leakage and storm coverage. The aforementioned makes up the so-called corporate start package.
In addition to the aforementioned a company can protect its equipment through equipment failure coverage based on the principles of the all-risks insurance or the all-risks insurance covering the entire property. Buildings can also be provided with window and sign coverage, where the insured object is a window or sign located in a specific place. The window and sign coverage is also subject to the principle of the all-risks insurance.
Upon insuring property it is of special importance that property, the depreciation of which is less than 50%, would be insured in the reinstatement value, i.e. the amount which is necessary for acquisition of similar property for the place insured. Values (e.g. goods) changing over time must be insured on the basis of the maximum amount of goods in stock. Upon insuring buildings and equipment you should think it over whether construction or acquisition of a device will be more expensive over time.
The property of a company can be insured using a combination of various products which make up an insurance solution based on the needs of the company. The minimum protection is fire coverage, which covers damage arising from fire, lightning, explosion and sudden engagement of the fire extinguishing system. We recommend combining the fire coverage with burglary, robbery, pipe leakage and storm coverage. The aforementioned makes up the so-called corporate start package.
In addition to the aforementioned a company can protect its equipment through equipment failure coverage based on the principles of the all-risks insurance or the all-risks insurance covering the entire property. Buildings can also be provided with window and sign coverage, where the insured object is a window or sign located in a specific place. The window and sign coverage is also subject to the principle of the all-risks insurance.
Upon insuring property it is of special importance that property, the depreciation of which is less than 50%, would be insured in the reinstatement value, i.e. the amount which is necessary for acquisition of similar property for the place insured. Values (e.g. goods) changing over time must be insured on the basis of the maximum amount of goods in stock. Upon insuring buildings and equipment you should think it over whether construction or acquisition of a device will be more expensive over time.