Business Insurance
Multi Insurance “Business Shield”
Your Reliable Partner For Your Business Insurance Needs
Are you searching for comprehensive Business Insurance in Cyprus? Trust Cyprus Insurance offers a range of business insurance solutions, including coverage for your company's property and assets. Our Business Shield insurance policies protect against damage or loss due to unforeseen events like fire, theft, vandalism, and natural disasters. With various options listed on our website, you can find the perfect insurance plan to suit your business needs and ensure the utmost protection of your company's property and assets.
Why TRUST the insurance program "BUSINESS SHIELD"
All Risk
Against All Risk, which is the most comprehensive form of insurance. The insurance coverage and free benefits provided cover almost for all risks that a business is threatened with.
24hrs Technical Service Assistance
Specialised Technicians, who provide 24hrs Service Assistance in case of damage or repairs such as Plumbing, Electrical, Lock Repairs, Window panes
Who Is This Insurance For?
Aimed at business owners, who deal with all kinds of business, personal care services such as Barber shops, Hairdressers and Beauty salons, Spa. For most types of retail stores, such as restaurants, taverns, fast food shops, pizzeria, pastry shops, cafes, canteen, food tracks etc.
Coverage
Loss or damage against all Risks that are not excluded by the Insurance policy or specified Risks:
- Fire
- Lighting strike
- Explosion
- Strike
- Distress and Political Unrest
- Malicious Damage
- Earthquake or volcanic eruption
- Explosion, or Water tank overflow, Fuel Device or Pipe
- Aircraft crash or any other flying objects
- Theft or Attempted theft by forceful Entry or Exit or Forceful act
- Forceful impact on buildings
- Storm, Cyclone, Thunder, Typhoon
- Flooding or Sea Overflow
- Fall of trees or branches
- Smoke
- Water leakage
Extensions
- Architect and Mechanical Fees
- Debris Disposal
- Damages on wires and underground services
- Payable/Receivable Income
- Leak detection and repair
- Lock replacement
- Damage on water meter
It also offers other important covers in addition to the above for:
- Consequential Damage (With Extensions - Refusal to Access - Professional Accountants' Fees),
- Money (Extension - Personal Accidents from Attack),
- Glass panes
- Personal Accident Insurance
- Third Party Liability (with extension - Product Liability)
- Freight in transit
- Contamination of goods (refrigerator or cooling systems)
24hrs TECHNICAL ASSISTANCE - 800 92670
TECHNICAL EMERGENCY ASSISTANCE
- Plumbing installation
- Electrical Installation
- Locks, Panes, Crystals
- Temporary replacement of TV, DVD
- Storage Services in case of Fire, Explosion, Flood or Theft
- Cleaning of Damaged Area, Furniture Transportation, Furniture Storage or Other Personal Items
- Hotel accommodation to the Insured
- Ambulance
- Transportation of the Insured to main Residence
- Emergency Messaging
TECHNICAL ASSISTANCE (CONNECTION SERVICE)
- Option to add Employer Liability Coverage
- Employee Dishonesty
- Short Circuit
Would you like more information? Do not wait! Contact us
FAQ
I have Business Shield. What does the Technical Assistance include?
Technical Assistance Team aim to provide 24hrs assistance thought the year through its specialised Technical Team, in case of emergency repair of damages.
More specific, it covers the following:
- Labour cost
- Moving costs of technician
- Costs of required materials
The Technical Assistance provides specialised services from technicians, following insurer's request in case of non emergency situation in order to:
Preparation of budget for works that the insurer has requested.
If the offer is accepted by the customer, then the Technical Support will undertake to provide:
- Coordination of works
- Quality guarantee for the period of 6 months, as well as
- Checking of costs that in these cases are borne by the Insurer
What does the Technical Service include?
Professionals can perform the following specialities:
- Plumping Installation
- Electrical Installation
- Locks and other security system (technical)
- Glass panes / Mirrors
- Contractual works
- Painting
- Carpentry
- Satellite installation
- Heating - Cooling
- Rental of Laptop, Phone or Fax machine
- Security Service
- Repair of home appliances
- Iron / Aluminium constructions
- Disinfection
- Tents
- Isolation
- Wooden Floors
- Blockage
How do I make a claim?
In the event of damage, you must first notify the company. Try to keep details of the incident with photos, invoices or receipts from the municipality or local emergency services. Do not carry out repair work before obtaining the Company's consent.
In the event of a major damage, an estimator is sent by the Company and an on-site visit assessment is performed.
In case of theft notify the Company and provide any prime information. You will need a police report and a full record of the stolen items with the recpective receipts that you will send to the Company along with a completed and signed Claim Form.
Once all the details have been gathered and the evaluation is completed, the Claims Officer will contact you for the results
What is business insurance and why is it important for companies based in Cyprus?
Business insurance protects companies against potential financial losses due to unforeseen events, such as property damage, liability claims, and loss of income. Companies based in Cyprus need to have this type of insurance in place as it ensures that they are protected against potential financial losses and can continue to operate in the event of an unexpected incident.
What types of coverage are typically included in business insurance policies in Cyprus?
Business insurance policies in Cyprus typically include coverage for property damage, liability claims, and loss of income. Additional coverage options may include protection for equipment and inventory, business interruption coverage, and more.
Is business insurance mandatory for companies based in Cyprus?
Business insurance is not mandatory for companies based in Cyprus. However, it is highly recommended to buy this type of insurance to protect your company and assets from potential financial losses.
How do I determine the level of coverage my business needs for business insurance in Cyprus?
The level of coverage your business needs for business insurance in Cyprus may depend on various factors, such as the type of business, the size of the company, the value of assets, and the level of risk associated with the business operations. It's important to work with an experienced insurance agent to determine the right level of coverage for your business.
