Business Fire Insurance

Q: What should I know during my Insurance period?

For you to be properly insured and make sure your policy is up-to-date, you must notify the Company of any change in data, such as change of ownership of the insured premises, change of address of the insured office/shop, any increase/decrease in contents, change in use of the premises, extensions or repairs made to the building and any other item that is likely to increase the risk.

Q: What does the term “Real Value” mean?

When a contract refers to the term "real value" of compensation, it means that we will replace the damaged items at a replacement cost by abstracting any depreciation.

Q: How can I eliminate the cost of my insurance?

If you do not have any fire protection or burglary alarm systems, it is time to think about it. Not only you secure lower premiums, you are also securing and protecting your property. The premium payment method, e.g. direct debit, gives you a discount on premiums and more instalments. Also, you can achieve a discount on your premium over time by transferring new policies to Trust (e.g. your car or a health plan).

Q: What does business fire insurance cover?

Business fire insurance covers damage to a business property resulting from fire, smoke damage, and other related perils. It may also cover business interruption and liability claims after a fire disaster.

Q: Is fire insurance mandatory for businesses?

Fire insurance is not typically required by law, but lenders or landlords may require it as a condition of a lease or loan. Even if it is not required, it is highly recommended to protect your business against the risk of fire.

Q: How can businesses prevent fires and reduce the risk of a fire claim?

Businesses can take steps to reduce the risk of fires by implementing regular fire safety measures, such as installing smoke detectors, fire extinguishers, and more. They can also establish policies and training programs to promote safe handling of flammable materials and respond quickly to fires if they do occur.

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Protect Your Business From Fire

As a business owner in Cyprus, you know that fire can cause significant damage to your business property and disrupt your operations, leading to significant financial losses. That's why having the right insurance coverage is essential for protecting your business from potential risks. Trust offers a specialized Fire Insurance plan that provides coverage for damage caused by fire or smoke, and protection against additional expenses incurred due to the fire. With Trust's tailored coverage, you can focus on running your business with peace of mind, knowing your financial security is protected. Get a quote today.

Why TRUST Business Fire

Flexible

Choice of coverage based on your needs

Full Coverage

Option to insure all areas of your business with one insurance policy

Who Is This Insurance For?

Aimed at Business owners of all kinds.

+357 22 050100

Coverage

It covers a significant number of hazards with the main coverage being risk in case of Fire, Lightning and Explosion.

The Insurance policy may include the following additional specific risks and extensions depending on the desired extent of coverage.

Additional Specific Risks

Strike
Distress
Political Unrest
Explosion, or Water tank overflow, Fuel Device or Pipe
Theft or Attempted theft by forceful entry or Exit by Force or Forceful act
Malicious Damage
Earthquake or volcanic eruption
Aircraft crash or any other flying objects
Forceful impact on buildings
Thunderstorm
Cyclone
Typhoon
Storm
Flooding or Sea Overflow

Extensions

Work Interruption
Architect and Mechanical Fees
Removal of Debris Expenses
Electrical Circuits, Short Circuit
Detection of broken pipe
Damage to the Building as a result of Theft
Accidental damage to glass panes
Loss of Rent
Relocation Expenses
Temporary transfer of content and money

FAQs

What should I know during my Insurance period?

What does the term “Real Value” mean?

How can I eliminate the cost of my insurance?

What does business fire insurance cover?

Is fire insurance mandatory for businesses?

How can businesses prevent fires and reduce the risk of a fire claim?

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or call us now at +357 22 050 100

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