As of June 1, 2025, insurance for businesses against natural disasters becomes mandatory, in accordance with Law 5116/2024, with an aim to strengthen business resilience against risks such as wildfires, floods, and earthquakes.
As such, all businesses with an annual turnover exceeding €500,000 are required to hold an insurance policy that covers at least 70% of the value of their assets - such as owned facilities, equipment and production means, raw materials and merchandise, commercial vehicles, and stored products.
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