What is multi-risk business insurance?
Multi-risk insurance covers damage to premises, furniture, machinery and inventories. It also covers any economic damage a company may suffer as a result of an accident in terms of loss of profit. And finally, it covers claims resulting from damage caused to a third party.
Objective of the insurance
The main objective of multi-risk business insurance is preventing an incident and its consequences through the mitigation, replacement or financial compensation of the incident. Unlike All Risks Property Damage, the causes covered are listed in the policy and the maximum limit of compensation is indicated.
How do we work multi-risk business insurances?
As in the All Risk Property Damage policy, before taking out the policy, we gather as much information as possible to analyse and study the company, its different risk situations and its activity. We define the optimal coverage and limits and go to the market in search of the best option for each client.
Once policies have been issued, we proactively work closely with the clients to guarantee that the multi-risk policy is always up to date in the items that require it, such as the building, the contents, inventories and loss of profit. In the event that the multi-risk includes Civil Liability cover, we will update the billing and possible new activities that the company may undertake.
- Fire, explosion, lightning strike
- Water damage
- Glass breakage
- Demolition and debris removal costs
- Aesthetic damage
- Civil liability
- Electrical damage
- Theft and Robbery
- Automatic coverage
- Capital compensation
- Loss of profits
- Loss of profits
What can happen to trigger industrial multi-risk insurance?
- In an office building, water leaks cause damage to roofs and façades.
- In a school, the lift breaks down and the machinery breakdown cover is activated if it has been contracted.
- Due to a thunderstorm, lightning strikes the electrical panel of a factory causing damage to appliances and machinery.
