What is business insurance?

Business insurance is a type of insurance that is mainly intended for small / medium-sized businesses and office premises. This policy covers compensation for losses related to the activities of the company. Its main guarantees are related to damage to the premises and the contents in it:

• Premises – the “walls” of a commercial premises, office or warehouse, as well as plumbing, gas and electrical wiring are assumed …
• Content means furniture, appliances, computer equipment, inventory.

In addition, this policy covers the civil liability of the owner or tenant of the premises in the event of claims from third parties, as well as in relation to its commercial activities. Can be insured: shop, office, restaurant/bar, bakery, etc.

What are the main business insurance guarantees?

In general, the range of commercial premises insurance guarantees is quite wide:

• Fire, explosion
• Weather damage
• Water damage
• Broken glass
• Robbery
• Civil Liability of Business, Tenant/Owner and Employer
• 24/7 consultations
• Legal and IT assistance

Commercial Premises Insurance includes a guarantee of your Civil Liability in case of third party claims against you as the owner or tenant of the premises, as well as in case of claims in relation to your business activities.Also, it is possible to introduce an additional guarantee of civil liability (which is recommended for restaurants and bars) – claims against employees in relation to their activities.Professional Civil Liability Insurance protects the commercial activities of small and medium business owners, moreover, for some types of activities, the purchase of this policy is mandatory.Another guarantee that can be very helpful for a business owner is loss of income. This warranty relates to the inability to conduct business and earn income under certain circumstances, such as, for example, fire or flooding of the commercial premises. The policy covers the expected profits that the company loses in a given period of time, as well as the mandatory expenses that it continues to incur during the “downtime” (wages, supplier services, taxes, etc.)

Special features of insurance for your business?

An individual or a legal entity can be both the owner and the lessee of the property subject to insurance. The owner of the premises must insure the “walls”, the contents and civil liability. The tenant of the premises needs to insure the contents in it and civil liability. He will also be able to insure repairs carried out by him in the premises.If you do not have an insurance policy for your business, we will find the best offer for you. You can leave an application for calculating the cost of an insurance policy on our website. There are many different insurance companies, offers and types of insurance coverage. Therefore, we recommend that you use the services of specialists who will help you choose the best option. If you have any questions, you can contact us by phone: +34 666 369 350 or email: info@mgseguros.info