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| Corporate property insurance |
Company insurance has been designed for legal entities. The policyholder may be the owner, lessee, sublessee, mortgagee or other lawful possessor of the property to be insured.
Under company insurance a property, liability and machinery breakdown insurance can be signed. Property insurance offers an opportunity to insure buildings, structures, fittings, fixtures, tools, equipment, machinery, raw material, semi-finished and finished products and goods. An insurance contract is signed on the basis of the policyholder’s preferences and pre-defined risks.
Company insurance covers loss or damage to property caused by:
- fire, soot, smoke, thunderbolt, explosion, etc.
- water or other liquid discharging from water supply network, sewerage or heating system.
- burglary, robbery
- elemental forces such as storm, hail or natural flood
- breaking of glass surfaces
- acts of vandalism (incl. hitting by vehicles).
 General terms and conditions of insurance contracts
Business interruption insurance allows for protecting the company against damages arising from business interruption or loss of turnover due to non-life insurance conditions (fire, water, storm, flood).
Under business interruption insurance the business profit, constant expenses (including wages of employees together with taxes) and potential agreed overhead revenues or expenses lost as a result of the interruption of business will be indemnified.
Business interruption insurance is only made for the same period with the asset insurance period of the company.
As business interruption insurance is a so-called financial risk insurance, the insurer would like to see the balance sheet and income statement of the company for the last years before the signing of the potential insurance contract.
 Business interruption insurance conditions KT.0470.09
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