Property insurance

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Unforeseen events, such as fire, storm or flooding, malicious damage or theft usually cause major damage to inventory, equipment and goods. This is where property insurance comes in, guaranteeing that the business is properly insured even in the event of severe setbacks.

Comprehensive insurance protection for goods and equipment

Cover for a host of unforeseen events

Payment of lost income and additional expenditures in the event of business interruption

Payment of follow-up costs (such as risk-mitigating measures and psychological after-care)

Option of extending cover to include all risks and simple theft

Risk analysis and professional, comprehensive advice

24-hour assistance in emergencies

Why is property insurance advisable?

No business should be without property insurance. As well as the devastating financial consequences of direct damage to goods and inventory, natural hazards such as storm or high water almost invariably cause an interruption to business operations. The loss of revenue then incurs further costs. Helvetia’s insurance covers both, ensuring that the business can continue to operate.

A brief guide to property insurance

What damage does the insurance cover?

Generally, property insurance protects all goods and covers additional expenditures as well as loss of income if business operations are interrupted. The following are covered in the event of a claim:

Rented and leased items
Precautions for new acquisitions
Outdoor materials storage
Cash values
Valuables
Food in the event of the failure of refrigeration equipment
Animal feeds
Agricultural products and stocks
Agricultural trailers and attachments
Items on construction sites (e.g. tools and the like)
Own vehicles or vehicles held as merchandise
Customer vehicles

Property insurance also covers all movable items. In regard to goods, this includes raw materials, semi-finished and finished products as well as operating materials and merchandise. The insured equipment includes furniture, utensils, machinery and IT equipment.

As well as the follow-up costs of disposal, cleaning and data restoration, the insurance also covers third-party items temporarily entrusted to the policyholder.

Who should take out property insurance?

In what situations does property insurance pay out?

Fire
Insurance protection is provided for damage as a result of fire, smoke and fire-fighting water. Lightning and overvoltage are also covered, as well as explosions, flash fires, scorching and singeing damage.

Damage caused by natural forces
This category includes damage caused by environmental incidents such as the aftermath of high water and flooding, storm, hail, avalanches or landslides.

Theft
(Attempted) theft is insured if it can be proved by traces, witnesses or other damage clearly indicative of theft.

Liquids and gas
Direct damage caused by the penetration of rainwater and melt water and the leakage of fluids and gas from pipes and mobile equipment. The insurance also covers long-term damage such as fungal infestation, vermin or odours.

All risks without restriction
“All risks” insurance can also be taken out as an optional extra, to insure the risk due to any unforeseen events. These include, for example, civil commotion, building collapse, malicious damage or radioactive contamination.

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Which other products complement property insurance?

As property insurance only covers movable goods, it is important to supplement the insurance protection with additional cover, to achieve a holistic solution. With this in mind, business insurance for SMEs combines a number of products in a single policy: