Business Fire Insurance
Protecting my business
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
Who Is This Insurance For?
Aimed at Business owners of all kinds.
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
- 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
- Flooding or Sea Overflow
- Work Interruption
- Architect and Mechanical Fees
- Debris Disposal
- Electrical Circuits, Short Circuit
- Detection of broken pipe
- Damage to the Building as a result of Theft
- Accidental damage to glass panes
- Loss of Rental Income
- Relocation Expenses
- Temporary transfer of content and money
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What should I know during my Insurance period?
To ensure that your insurance is up to date, you should notify the Company of any changes to the data already provided, such as change of ownership of the insured premises, change of address of the insured office/shop, any increase/decrease in content, change of use of your home, extensions or repairs to the building, or any other evidence which is likely to increase the risk.
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.
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.
By choosing to pay via direct debit gives you discount on the premiums and more instalments. You can also get a discount on your premium by transferring to Trust any new contracts such as, your car or a health insurance plan.
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.
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.
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.