Insurance solutions for Small & Medium Business – Business Sense
Targeted coverage of your business with the assurance of Generali!
Business Sense has been designed for those who want targeted coverage of their business and access to basic covers with a very competitive premium. It provides cover of damage from fire, earthquake, natural disasters, malicious / terrorist activity. Combining the above coverage with the low cost makes it appropriate even for business with mortgages. At the same time, the program consists of basic and optional covers, so you can always adjust it, depending on your changing needs!
Damage due to:
- Boiler damage
- Vehicle impact
- Fall of aircraft
- Fall of trees
- Fire Civil Liability up to 30.000€
- Permit issue expenses and technical design expenses
- Adjustment of insured capital due to increase in consumer cost index.
Damages due to:
- Disruption of public order
- Malicious damage and acts of terrorism
Generali rewards you with discount on the insurance premium, in the following cases:
- if your business makes use of renewable energy sources
- if there have been no claims, during the previous insurance period
- if you maintain other insurance policies at Generali (under same VAT n.)
What do I have to do if damages occur to my business, and how much time will it take for my compensation to be available?
You have to report the accident / damage to Generali or your insurance agent. Once the claim file is completed (with the necessary documents), you will receive your compensation within 24 hours – regardless of the amount. Your compensation can be paid directly into your bank account for your convenience.
How can I renew my insurance policy?
The policies are automatically renewed by Generali, unless we receive a notice from you, or unless there is an outstanding amount to be paid.
Can I insure a photovoltaic system placed on the rooftop of my business property?
Of course. Business Dynamic & Business Sense can cover your photovoltaic system against all insured risks, as long as you include it in the insured property value and the insurance application. Generali can also offer you an allowance for loss of income, due to energy supply failure caused by the insured dangers.
What if my business cannot operate because of damages caused to it?
With Business Dynamic, Generali gives you a daily allowance for each day the insured business remains non-operational, after damages. There are four options of daily allowance for you to choose from, according to your needs.
Can I insure the personnel of my business against accidents, so they can feel safe?
Yes. Business Dynamic has an optional cover for Personnel Insurance for the coverage against accidents that might occur within or outside your business. You can choose between three different options.
Can Generali offer me a cover for the compensation I will have to pay, in case a customer has an accident within the premises of my business?
One of Business Dynamic’s basic covers is Generali Civil Liability. With this cover you are covered against the death, physical damage, or damage to the property of third parties, caused by your negligence / oversight.
Generali offers three different levels of Civil Liability, so you can choose the appropriate package for you and your business, at an affordable cost, and feel responsible towards your clients.
I have made improvements to my building / store and have bought extra equipment, but I haven’t yet reported the changes to Generali. Will there be a problem in case of damage?
With Generali there will be no problem at all. Business Dynamic automatically covers newly acquired objects / features (improvements & equipment), in the condition that their value does not exceed 10% of the total insured capital of improvements and equipment.
The building structure where my property is based is old. Is the damage caused by leakage of water / sewage pipes or heating / air conditioning pipes covered?
Business Dynamic covers all damage to insured objects, caused by leakage or breakage of water pipes, heating pipes and air conditioning pipes, even in building structures older than 25 years. Moreover, the program covers physical damage to insured objects, caused by leakage or breakage of sewage pipes.
In my business, there are many electric appliances, as well as electronic equipment. Is the damage by electrical fault / failure covered?
Yes. Business Dynamic covers the damage caused to the appliances, electronic devices and other equipment, by electrical fault / failure.
Can I insure my business against earthquake damage?
Yes. In both Business Dynamic & Business Sense you can select the optional earthquake cover which includes damages caused by an earthquake – directly or indirectly, fire or tsunami caused by an earthquake, as well as subsidence / landslide caused by an earthquake. The insurance cost for the cover is the same for all areas in Greece.
At what value are the business property and products insured?
The property is insured at reconstruction value (with new material of the same specifications) including the main structure and the improvements. The products and equipment are insured at replacement value. Please bear in mind that when insuring products, the insured value is calculated based on the products’ purchase invoice.
Which parts of the property are insured by the two insurance programs?
With Business Dynamic & Business Sense you can insure:
- The building structure and added on improvements.
- The content (products, equipment etc.).
- Externally attached structures (tents, signs etc.).
- External ancillary structures (storage room, yards etc.).
- Mobile objects placed or exhibited (during working hours) outside the building –
either in open air, or under a shed.
What are the prerequisites for insuring a business?
All businesses must be authorized and have a license, must have the mandatory fire safety features and security locks / security shutters / alarm system.
Especially the businesses listed below can only be insured if they have all three security measures: security locks, security shutters and an alarm system connected with a security company.
- Mobile telephony shops.
- Lottery shops.
- Convenience stores.
- Optical stores.
- Pharmacies / pharmaceutical warehouses.
- Auto repair / mechanical shops.
How will I know if Business Dynamic & Business Sense are appropriate for my business?
These two insurance programs have been especially designed for small and medium sized businesses, of total insured value up to 1.000.000 euros. They offer reliable and comprehensive covers for their commercial and production activities, at very competitive cost. Business Dynamic and Business Sense are appropriate for whole sale and retail stores, medical centers, offices, B&Bs, small hotels and bungalows and other businesses.
Business Dynamic & Business Sense can be purchased by:
- Commercial / Professional property owners, who use their property for commercial / professional reasons.
- Commercial / Professional property owners, who lease the property.
- Tenants of commercial property wish to insure the content of and the added on structures to the building (decoration, signs etc).