High water, flooding or burglary can cause substantial damage to a building and have serious implications for a company's continued existence. Ultimately, not only damage to the building itself, but also consequential losses such as the clearance costs or the loss of rental income can jeopardize a company's very survival. Buildings insurance provides protection against heavy financial losses in the event of a claim. As a supplement to the compulsory cantonal buildings insurance which, in most cantons, covers fire and damage by natural forces, Helvetia offers protection against additional risks. In cantons with compulsory cantonal buildings insurance, the boundary stipulations made by the cantons must be observed.
Since company buildings tie up a lot of the company's capital, insurance is basically advisable for every company.
Fire, smoke and lightning strike can cause massive damage to the building. Buildings insurance also pays out for damage caused by fire-fighting water, explosions and scorching and singeing damage.
Buildings insurance covers damage caused by natural forces. These include protection in the event of natural forces such as high water, storm and hail, landslide, avalanche or rockfall.
In the event of a provable break-in or attempted break-in, buildings insurance also pays the costs of damage to buildings and building parts.
Liquids and gas
The insurance also covers indirect losses due, for instance, to leaking liquids and gas from pipes, penetration of rain and melt water or condensation. Follow-up costs of damage caused by water, such as fungal infestation and vermin, are also covered.
The insurance protection includes breakage of glass windows, other glazing and sanitary facilities including clearance and installing a replacement.
Earthquake and volcanic eruption in the vicinity of the building
Insurance protection is provided for damage to buildings and parts of buildings sustained within 168 hours of an earthquake or volcanic eruption.
The all risks component is an optional extra which insures unforeseen hazards, such as collision and operating damage to building technology and infrastructure systems and devices.
Buildings insurance offers property owners protection in the event of a claim. The business insurance package for SMEs combines other products in a single policy, for total insurance protection: