Buildings and Assets

One of the first things you should think about when you have your own business is to protect your premises. Thus, building and contents insurance gives you the peace of mind you need to focus on your business and your plans.

Together we can configure an insurance program suitable for your business, so that you benefit from optimal protection according to your requirements. We start from the basic risks covered on such a policy and then include the special clauses suitable for you.

Advantages of concluding a building and property insurance through SAFETY BROKER:

  • we negotiate directly with the Insurer in order to obtain the best offers for your company;
  • we monitor your entire company portfolio and notify you of due rates, expiration dates, assistance in case of damage;
  • In the event of damage, we provide you with assistance in resolving damage files.
Covered Risks

Standard coverage includes:

  1. FLEXA – Fire - Lightning - Explosion - Aircraft falling, parts thereof, transported objects or impact with them
  2. Atmospheric phenomena and natural disasters: earthquake, floods and alluvium, storm, windstorm, hail, collapse and/or landslide, weight of snow and/or ice, external impact by vehicles, sonic boom, snow avalanche, accidental fall of bodies (trees, poles), strikes and civil unrest
  3. Burglary and acts of robbery
  4. Vandalism
Other Clauses

Additional clauses come as a personalized addition to the insurance program:

– Fragile goods (this covers the breakage of windows, glass doors, etc. as a result of any type of accident)

– Flooding caused by water from the pipe

– Accidental leakage of water from fire extinguishers

– Vandalism without burglary

– Damage to building installations

Depending on the field in which you operate, you may also find the additional clauses below useful for the assets owned that “most of the time” represent the main means by which you carry out your activity:

– Accidental damage to machinery and equipment (pumps, compressors, tanks, transformers, turbines, etc.)

– Electronic equipment (computers, scanners, faxes, medical equipment, etc.)

By any of the 2 clauses above above, situations of negligence, improper handling, operating errors, overvoltage are covered. A stand-alone policy can also be taken out for such equipment with all-risk coverage.

Exclusions

Main Exclusions

Another very important aspect of an insurance policy is the exclusions within the insurance conditions. Among the most important, we mention:

– War, uprising, revolution, terrorism

– Confiscation, nationalization, expropriation

– Radiation, pollution, radioactive contamination

– Acts committed with the intention of insuring

– Damages occurring during the period in which any of the legal permits/authorizations necessary for the Insured's activity are suspended/cancelled/withdrawn/expired or do not exist

– Indirect damages, such as: reduction in the value of the property after repair, decrease in the prices of the goods, delays in the delivery of the goods

– Damages caused to that part of the insured property on which work is being done directly, resulting from this action or caused by any testing, repair, adjustment, service or maintenance operation

– Unexplained loss, mysterious disappearance

– Errors or omissions in design or execution, defects or hidden defects existing on the date of commencement of validity insurance policy, by the Insured or his representatives

– Damage caused by progressive degradation and deterioration: abrasion, fermentation, oxidation, corrosion, erosion, damage caused by infiltration or capillarity, ground settlement, tremors, other damage due to phenomena with slow evolution over time.