Insurances

40 results found.

Group insurance
Human Capital
Retirement invariably means having to make financial sacrifices just when you have the time to go travelling or discover new things. Group insurance enables you to offer your staff a very welcome extra pension savings pot.
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You have heard the bad news about our pensions and are compelled to admit the news is correct: the statutory retirement pension is a bit on the meagre side, while retirement involves a lot of expense owing to the rising costs of care services, high rest home rental fees, ... A group insurance scheme enables you to build up a very welcome extra pension savings pot for your staff year after year. You may also decide to include some very useful extra coverage in the policy. Pensions, death, hospitalisation, guaranteed income,... A second pillar pension is the key component of a group insurance scheme: the premiums yield a fixed rate of interest that is capitalised. When a person reaches the age of retirement the amount saved up is released as an allowance or a one-off capital payment. The policy may, however, be extended with further guarantees: hospitalisation insurance, guaranteed income cover, death cover,... To offer your staff extra protection. Tax efficient remuneration Group insurance is in fact a deferred wage. You pay it now but your employee receives it only upon retirement. The key difference is to be found in the area of taxation: group insurance premiums enjoy tax concessions and are taxed less than an actual wage. The capital is ultimately paid out subject to comparatively favourable conditions. Pension savings in the second pillar category are therefore favourable for two reasons. Same for everyone A group insurance policy may be taken out for a group of employees: you may not grant it to one person or refuse to pay it to one person. As soon as a new employee fits the description of the policy's target group, this person is automatically insured. Combined saving efforts You are free to choose the group insurance scheme. It is possible for you to pay the entire premium or to have your employees make a contribution as well.
Guaranteed income
Human Capital
People unable to work after an accident or illness suffer a double stroke of bad luck. As well as having to contend with the rising costs for doctors' and hospital services, they also have to cope with a drop in their income. A guaranteed income policy can offset the impact of a lower income.
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Ideal for employees The first 30 days your employee is ill you as an employer are required to continue paying the individual's wages, after which the employee is entitled to replacement income benefits paid by the mutual insurance fund. However, depending upon the individual's family situation, these benefits are not always enough to maintain the person's standard of living. Guaranteed income insurance offers your employee a further allowance on top of the health insurance fund payment. During this period you are also exempt from having to make premium payments for this policy (if you have opted for this guarantee). The payments to your employee are taxed as replacement income benefits, while the premiums may of course be deducted in full as professional costs. Essential for the self-employed Self-employed people who are unfit for work for a long period of time have no safety net at all to rely on. Their health insurance fund payments are even lower. In the case of self-employed entrepreneurs a guaranteed income insurance is much more a necessity than a luxury. N.B.: many self-employed people pay themselves a low wage, which obviously has an impact on the level of replacement income benefits in the case of a disability.
Turnover insurance
Human Capital
If a self-employed person should happen to fall ill, the individual has to contend not only with a fall in income but also the individual's business being exposed to major difficulties because the fixed costs obviously continue. Turnover insurance makes it easier to get through this difficult period.
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A self-employed person or professional person with a company is particularly vulnerable in the event of an illness or an absence subsequent to an accident because no additional funds are available at this moment, while the fixed costs continue: invoices, payments, loans, ... Turnover insurance ensures the company's continued existence as a result of a guaranteed replacement income. Win-win combination Turnover insurance and a guaranteed income policy together cover the business risk to which a self-employed entrepreneur is exposed. Both the company and the entrepreneur enjoy the support they need during this period to enable them to recover.
Hospitalisation insurance
Human Capital
Anyone who has had to stay a hospital for the night knows just how expensive this really is. Even without any special medical treatment and staying in a double room the costs soon amount to several hundred Euros. Thanks to hospitalisation insurance these costs are borne by the insurance company.
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Hospitalisation insurance represents the most significant fringe benefit a Belgian employer may offer to the latter's employees. Moreover, sums paid into the hospitalisation insurance scheme are not regarded as a benefit in kind. This kind of insurance is also extremely valuable for self-employed entrepreneurs. Significant level of cover There are huge differences in terms of the scope of the hospitalisation insurance cover on offer from the various companies. They all help cover the costs in the following cases: reimbursement of costs not chargeable to the health insurance fund reimbursement of costs during a period prior to or after admittance reimbursement of costs prior to registration with the health insurance fund reimbursement of costs for outpatient care in the event of serious illnesses Third party payer system Most policies use a highly advantageous third party payer system so that your insured employees do not have to pay the costs themselves in advance: the insurance pays these costs directly to the hospital.
Travel assistance
Human Capital
Your employees often travel abroad as part of their duties and you also offer them the opportunity to go on holiday. You even hope they have fine weather and can spend two weeks not thinking about the company so they can return to work more motivated than ever, provided they do not run into trouble during their travels. And this is under control thanks to a travel assistance insurance policy.
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You arrive at the airport only to discover that your plane cannot leave owing to a strike. Or when you arrive at your destination you find your luggage is missing. During your trip you get lost in the mountains and a search operation gets underway. Rescue workers find you suffering from multiple fractures and a helicopter arrives to fly you to hospital. After an initial stay lasting two weeks, you are repatriated to Belgium. No-one wants to have to live through such an experience but it is outside of anyone's control. Travel assistance insurance can reduce the suffering Standard cover Most travel assistance insurance policies cover the following items to a greater or lesser extent: medical costs while travelling repatriation costs and/or an early return costs for lost luggage and discomfort during the trip search and rescue costs assistance Customised Travel assistance insurance is almost always customised. You can select more or less coverage in order to keep the premium under control. You often also have some room for manoeuvre in choosing the insured amounts.
Expats
Human Capital
Having the right insurance package is still much more important for an expat than for other employees, as expats often find themselves in a social vacuum with unclear social security entitlements and obligations, which is something you really do not need in the event of a minor or serious accident.
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Expat insurance is a concept referring to an entire series of self-select cover to make life easier for your expats and their families when abroad. In any case, ADD offers you the following advantages: Immediate cover (without any medical formalities). Cover for medical attention, hospitalisation, routine check-ups with doctors, dentists or ophthalmologist. Evacuation for political reasons Repatriation for medical reasons Family legal assistance Do not forget: the purpose of expat insurance is to be able to count on having the same level of social protection at home and abroad, preferably without any intricate administrative formalities. That is exactly what ADD expat insurance offers you.
Individual pension commitment (IPC)
Human Capital
The legislative authority allows self-employed persons or company managers the opportunity to save for their pensions in a tax-efficient way, amounting to up to 80% of your last income. A PSPSE (private supplementary pension for the self-employed) may be insufficient. That is where an individual pension commitment comes to the rescue.
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The individual pension commitment system is quite straightforward: your business sets a premium aside every month for your private pension. The premium and the resulting capital enjoy a tax-efficient treatment, so you can build up a very welcome pension savings pot year after year. Advice about making a choice How much you pay every month or year into your IPC and how you reach such a decision are vital questions for the health of you company at the present time and for your personal prosperity upon retirement. ADD will help you choose between: The tax optimisation of your premium (based on your income and your career plans) capital accumulation according to the death grant for heirs Smart extensions for extra security Your IPC is an excellent vehicle for covering other risks. For example, you may include an unfitness for work guarantee in your retirement scheme. And with an additional premium waiver guarantee you need have no financial worries during this period of unfitness for work.
Private supplementary pension for the self-employed (PSPSE)
Human Capital
The social safety net for the self-employed and company managers is wafer-thin. Give some thought to this and plan ahead. The first step towards perfect protection for a self-employed person is a PSPSE. A smart pension for now and later on.
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A private supplementary pension for the self-employed is your personal pension savings pot – independent of the company. All specialists will advise you to first of all fill this pension pot. The reason is quite straightforward: the PSPSE offers three great advantages: a guaranteed (high) interest rate premiums immediately deducted from your personal income tax lower social security contributions In a nutshell, you immediately recover almost two-thirds of the premium paid. Only when you reach your PSPSE ceiling is it time to consider other savings products. Further guarantees Your PSPSE is an excellent basis for covering risks other than your pension. For example, it is simple to take out an unfitness for work guarantee, with a premium waiver or otherwise.
Machinery breakdown insurance
EngineeringProperty
You obviously bear in mind the need to replace and repair machinery. At any given time. But what happens if an employee accidentally damages a machine or appliance long before it has paid for itself? Who bears the additional costs?
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The figures machinery breakdown insurance is based on are as follows: the main cause of defective machinery is human error. Up to 40% in the case of combustions engines and 80% for presses. This damage is obviously not covered by the manufacturer's warranty but it of course has to be paid for... Cover for all company machinery A machinery breakdown insurance policy is worthwhile above all for very expensive machines that are extremely vulnerable, particularly when the machines are at the heart of your company, as is the case in very many areas, such as energy, construction, woodworking, metal, printing, food, textiles, farming and chemicals. Machinery breakdown insurance offers benefits to any company that owns or rents machinery, including manufacturers and importers, together with financial institutions that conclude leasing and renting agreements. It is important for you personally to be able to choose which machinery should or should not be insured. Extended cover The important thing is to include the right cover in your policy, so it is best to examine the actual risks facing your company. Standard cover grants financial assistance in the event of: human error such as clumsiness and negligence internal factors such as construction or assembly errors electrical causes (power surge, overheating and breakage) external factors such as a fall, impact, frost, storms,… The policy may generally be extended to include additional cover not typically featured in the contract. It is up to you to judge (with our advice) whether the additional premium is justified for this additional protection: fire, explosion, direct effects of lightening, falling aircraft if you have not included the machinery in your fire insurance theft consequential damage such as loss of profits or trading losses High insured value The only thing that counts for you is to have your machine back in perfect working order as soon as possible. This is factored into the insurance company's compensation as well. Accordingly, you are entitled to an amount equal to the replacement as new value on the insurance policy starting date. The amount of compensation is based on the full repair cost over the replacement as new value on the day of the damage (in the event of total loss). Account is of course also taken of depreciation and normal wear and tear. An annual update is required so your machinery continues to be properly insured. Essential in and outside production areas This insurance is vital for static manufacturing machines, while cranes, bulldozers, elevator platforms and lifting machinery can also be insured with machine breakdown cover. In this case, the policy may even be extended to include protection against fire, explosion, land movement, theft and accidents on public roads.
All risks on construction sites (ARCS)
LiabilityProperty
Have a look around the site where you are operating. Count the contractors, subcontractors, promoters, suppliers, inspectors,... And then think about all the people who are not there: buyers, tenants, visitors, local residents,... So many people gathered in one place where so much can go wrong. That calls for fail-safe insurance.
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Damage on a construction site is nothing exceptional. On the contrary, almost every building project sooner or later has to contend with minor or major damage. And that is the starting signal for a game of musical chairs: Who is liable? For what? And for how much? And, above all, who is going to pay? All risks on construction site insurance is then of vital importance. Essential for all building project stakeholders ARCS insurance is a boon to anyone who has to be on construction site at regular intervals: Prime contractors Contractors Subcontractors Architects and design offices Promoters Suppliers Control agencies Coordinating agencies Extended ARCS cover The cover is not called all risks for nothing. This means your insurance company undertakes to pay for any damage that is not explicitly excluded from the policy. It is therefore up to the company to prove that the cause of the damage is attributable to one of the excluded risks. And that is often far from simple. The ARCS policy comprises two parts. Damage to the work (both temporary structures and existing property), on the one side, and liability insurance, on the other. As a prime contractor you may be held liable for neighbourhood disturbances (article 544 of the Civil Code). A standard company liability policy does not cover this no-fault liability. All the more reason to take out an ARCS policy. Focus on insured value An ARCS policy generally pays compensation for damage to structures equal to the amount in the contract for services. The designers' fees are also included. Site huts, materials and construction equipment are insured at their actual value and construction machinery at the replacement as new value. Compensation for liability is provided subject to special conditions and invariably involves a maximum commitment.
Occupational insurance
Human Capital
Everybody falls ill at some time and everybody sooner or later will experience a minor or major accident. You may not be able to eliminate the risks for your employees but you can eliminate the financial impact with accident and/or health insurance.
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All employees are likely to catch a nasty cold, become seriously ill or get involved in an accident. The health insurance fund covers some of the costs but your business can top up this coverage with additional insurance thereby limiting the amount that will be chargeable to your employees in the end. The cover can be made completely secure as a result of opting for private life accident insurance to protect employees against the financial implications of any accident, even if this results in permanent unfitness for work.
Cybercrime insurance
EngineeringLiabilityR&D
Suppose for a moment that your ICT system has broken down. What percentage of your company would be brought to a halt? Or imagine cybercriminals stealing sensitive information about you or your customers? How would you react to this swiftly and limit or compensate for the damage? Cybercriminals attack thousands of Flemish companies every year for a whole variety of reasons. You must protect yourself against these attacks.
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You probably think this will not happen to you but the figures cannot be ignored. Cybercrime is making huge strides and you, too, are a potential victim. Your CRM system alone is a valuable source of information. The risk: maintaining your turnover Your ICT system cannot be allowed to break down, as this would not only compromise your own processes it would also undermine your obligations to your customers to whom you have made great promises and to whom you would have to provide a huge amount of compensation in the event of a failure to stick to these pledges. However, it does not take a lot to put your system out of action: a defect, hacking,... New risks every day The more important the ICT system the higher the risks. And your security is not always effective enough. For example, how do you keep hackers away from your cloud servers? Or, more directly, how do you prevent a disgruntled employee leaving with data copied on a memory stick or leaving your systems disabled for hours or days? Prevention and protection Preventing cybercrime is obviously a priority. You have to get in touch with your ICT provider, take the appropriate measures and see to it that your servers and data are secure. You do realise that more is needed than these preventive measures, however. Standard ICT insurance does not offer enough cover if your company is at a standstill or if a deal involving millions is at risk. ADD cybercrime policy ADD has pooled information and data gathered from thousands of small and large companies in order to develop a specific cybercrime policy, offering you: Immediate support from an emergency call centre to ensure the right specialist to deal with your problem is assigned to your case straight away. Compensation for damage to hardware, smartphones, tablets, ... Recovery of any data lost through hacking, theft, viruses, errors, breakdowns, ... Reimbursement of costs for reconstructing data, removing viruses, expert investigations, restoring your company's image, overtime, loss of turnover, ... Assistance from a crisis manager, legal advisor, communication centre, … The policy provides across-the-board protection against all the consequences of damage to or a breach of your IT system.
All-risks electronic insurance
EngineeringProperty
Your electronic equipment is increasingly business critical for your company. An effective maintenance contract can make a big difference if the equipment is damaged or breaks down but the even greater damage your company suffers in such a situation has to be covered.
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Take a stroll around your company and count the computers, telephones, servers, printers, studio material, medical equipment,... Before you know it you will have made a list of hundreds of appliances worth hundreds of thousands of Euros. You want them to keep on operating even if you do not own the items but are renting or leasing them. All-risks insurance covers (nearly) everything As you are not an electronics expert you do not want to have to contend with the fine print in contract clauses relating to items or causes that are covered or otherwise. All-risks insurance therefore works the other way round: you are insured for any damage that is not explicitly excluded. In other words, it may be assumed that you only have to meet the costs for wear and tear, cosmetic damage, disappearance and deliberate damage. Everything else is covered by the insurance company. Compensation for defective materials is generally based on the replacement as new value on the day when the damage occurred. Special attention for computers A damaged computer generally has a bigger impact on your organisation as this can result in a loss of data or additional costs for reconstituting information or software. You can take out separate cover for this eventuality. As in the case of a loss of profit subsequent to damage covered by the policy.
Fraud insurance
LiabilityR&D
Theft of data, misappropriation of funds, malpractices involving company cars and petrol cards, ... your company is vulnerable to fraud in many areas. Fortunately, the damage is sometimes limited but often that is not the case. Hence the need to take out fraud insurance.
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Some companies with a high staff turnover or in the midst of a difficult restructuring process are definitely susceptible to fraud lurking behind the scenes. However, all organisations have to take this issue into account. The more complicated an organisation is, the higher the risk. Anywhere where ICT is business critical, damage caused by fraud is lurking around the corner. What does fraud insurance cover? Fraud is particularly annoying because the damage has a direct impact on your business performance, while shattering confidence in your company and hurting your reputation. Fraud insurance has to face up to the risks. That is why we advise you to opt for a policy that covers any material loss caused by fraud, including the costs incurred for restoring your company's image and other resulting damage. The coverage applies starting from the day when the fraud is discovered. You may extend the cover with insurance for the investigation costs, data reconstruction costs, crisis management and communication, ...
Directors and officers liability
Liability
Company directors in Belgium run a very serious personal risk. Mistakes made by directors as they carry out their duties may have very unpleasant and costly repercussions in the private sphere. A cost you obviously want to avoid.
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Your directors and officers (D&O) liability insurance insures you against personal liability for mistakes you make carrying out your duties as a director. In other words, the cover protects your private property. Extensive liability for directors in Belgium As a director you are exposed to damage of all kinds: Infringement of company law or articles of association general civil liability liability in the event of bankruptcy liability vis à vis the Belgian National Social Security Office and the tax authorities Extensive directors and officers liability? Opting for wide coverage! Effective D&O insurance protects you and your management company against the risks of your terms of office. Ensure your policy features as few exclusions as possible. You are generally covered for: Actions carried out in external entities Activities of your management companies Defence costs, for the company as well The unknown past High insurance limits Environmental risks …
Professional liability
Liability
Your company operates in the service industry. You provide advice to customers. Causing damage? That does not sound like you but it can happen: advice that turns out badly, a recommendation that causes damage,...
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Professional liability insurance protects you as an individual service provider against the damage resulting from your advice or activities. The insurance is relevant for all service providers, particularly those operating in the legal, financial and medical sectors. However, ICT consultants and architects are also best advised to opt for this cover. Many registered professions are obliged to take out professional liability insurance. Extensive cover A typical professional liability insurance policy covers all the consequences of your activities: physical, material and non-material damage.
Contractors' guarantee insurance
EngineeringLiability
As the creator of a building you are called upon to bear a heavy burden: for a period of 10 years you are responsible for any financial consequences of your work. A comprehensive contractors' guarantee insurance policy prevents a claim from signalling the demise of your business.
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In recent years, the courts have been more and more inclined to put the blame on contractors, engineers, design offices and architects when a building is defective, hence the increasing importance of fail-safe cover. Three cover options 10-year guarantee insurance fully covers three risks. It is of vital importance for your building to be visited beforehand by an accredited control agency. Prime contractor liability – You are covered for the entire value of the work, including any demolition and clearance costs. Third party liability – Any injury to visitors or passers-by is covered when this is the result of a fault covered by the 10-year guarantee. Additional cover – You may opt for extra protection against damage to structural components that were not controlled or against the immaterial consequences of damage for the prime contractor. For each person responsible at each site The costs of a minor or major defect in the structure can increase very quickly. A contractors' guarantee insurance policy is therefore relevant for all stakeholders. It may apply to all kinds of construction work: residential, commercial, industrial, public works, ...
Corporate civil liability
Liability
The well-known saying you cannot make an omelette without breaking eggs also applies to your company. And you are liable for any damage caused by errors. Professional civil liability insurance is in a sense your "family" civil liability insurance. It is exactly what you need.
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Any third party suffering damage owing to your company's activities may seek recourse against you. It is only to be expected. Except this kind of situation is not easy to manage as you are not the only one in your company: employees, working students, partners, directors, company managers, ... Civil liability insurance covers all parties for any faults made during the pursuance of the company's activities. Civil liability for operations You are running a shop, receiving customers in your office or carrying out work for third parties. You may cause damage to third parties as you carry out these professional activities. Civil liability for operations insurance is designed to insure you against physical, material and immaterial consequential damage. Focus on entrusted goods Dozens of "foreign" objects can be found at any time in your company premises. They belong to your customers or suppliers, and are entrusted to you. You are obviously liable for any damage to these goods. Foreign objects may take all kinds of forms: Third party goods you are working on third party goods freely entrusted to be worked upon temporarily Objects and goods entrusted to you No standard ‘entrusted goods’ insurance is available. Its scope varies according to the goods that you wish to insure and are regularly to be found in your workplace. The ‘Entrusted good ’ concept also applies during the pursuance of your professional activity when travelling: outside the business premises. Civil liability after the delivery of civil liability products Damage attributable to you may also occur after your products have been delivered or when work is being completed at your customer's end. The insurance covers all physical and material damage, and immaterial consequential damage caused by a defect in the good delivered or the work completed owing to your fault during manufacturing, installation, packaging, repair, …
Recall/Contamination insurance
Liability
Recalling goods is a very costly business. You are particularly vulnerable to this risk if your company is involved with food, beverages, medicinal products or cosmetics.
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Marketing products invariably involves risk. A minor manufacturing defect can cause physical harm to consumers or even result in a death. Withdrawing your product from the market is the only way of preventing or limiting damage. Extensive recall/product contamination insurance A recall insurance guarantee compensates for any physical or material damage your contaminated product causes to third parties. In this case you are best advised to take out a liability policy. A recall policy bears all the costs of launching a programme to recall your contaminated products along with the third party costs of withdrawing your products from the market. You are therefore covered for legal or judicial obligations to withdraw products and in case you yourself decide upon the withdrawal. Guarantees and cover The damage your company incurs owing to accidental or deliberate contamination is not confined to the product recall costs. Product contamination insurance protects you against: a loss of gross profits the costs of storing and destroying your products the costs of restoring your image in the eyes of consumers, suppliers, customers, ... the costs of replacing your contaminated products and redistributing the replacements extortion-related costs such as ransom money This cover offers you extensive own damage insurance in the event of product contamination and recall.
No-fault liability in the case of fire and explosion
Property
You are legally required to take out insurance if you operate a ‘place accessible to the public ’. This insurance protects your company against any claims by third parties for physical and material damage they suffer as a result of a fire or explosion.
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The reasoning behind the law is quite straightforward: operators of a place accessible to the public are in any case (objectively) liable for damage third parties suffer as a result of a fire or an explosion. Victims should not have to wait indefinitely for their compensation. The same applies in the event of legal disputes. In order to avoid you alone having to bear these costs and to guarantee that the damage suffered is actually compensated for, you are obliged to take out no-fault liability insurance for fire and explosion. You will then be issued with an insurance certificate. If you do not have this certificate the municipal authority is entitled to close down your business. This insurance applies in particular to: Restaurants Cafes Hotels Cinemas Theatres Discotheques Car dealers Concession holders Sports halls Retail outlets whose sales areas and adjoining storage space cover an area of at least 1000 m2 Shopping malls Amusement parks Rest homes School establishments Stations
Employment practice liability
Liability
A “directors and officers liability” (D&O) policy does not insure claims in the context of “employment-related matters” addressed to the company as a policyholder.
This is primarily related to discrimination in the workplace, bullying, intimidation, unfair dismissal, the refusal of promotion and other work-related risks.
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The welfare and anti-discrimination provisions clearly define what behaviour is permissible concerning your company's employees. As well as being very costly, conflicts in the professional environment are detrimental to your company's image and financial position. In the case of the defence costs in the event of an order for the payment of compensation, companies are recommended to take out employment practice liability (EPL) insurance. EPL insurance protects your company, subsidiaries, directors, managers and employees against the financial consequences of such damages claims. Pay careful attention to the policy conditions EPL policies vary a lot. Most of them provided cover for these six losses: Prevention, advice and support during a crisis Investigation and defence costs Compensation Reputation restoration Costs of replacing an employee Costs for apologising
Legal expenses insurance for companies
Liability
Disputes about damage (both in the case of the party suffering damages and the party who is liable) are often lengthy, intricate and costly affairs. Legal expenses insurance ensures your company may fully assert its rights, without suffering any financial losses.
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Many insurance policies feature an optional extension for legal expenses. It is generally a good idea to take up this option as it will be covered in any circumstances for disputes about this subject. The cover is nonetheless limited so it is recommended to purchase a legal expenses policy from an independent operator. It can happen that the adversary in the dispute will turn out to be your insurance company, whereupon you will want to be sure that your legal counsel defends your interests on a completely independent basis. Customised Not all companies run the same risks. Large business are generally able to bear the legal costs and lawyers' fees themselves, whereas smaller companies (up to 20 employees) are well-advised to opt for an all-risk policy so that all the legal disputes that are not excluded are automatically insured. Large companies benefit from legal expenses insurance in keeping with their size. That is why it is important to choose the right cover options, those where the legal expenses insurer helps cover the costs. You can count on us helping you to make this choice. Basic cover Civil remedy: reimbursement of damage suffered by you Criminal defence Civil defence: when a third party seeks compensation from you General contracts: disputes ensuing from contracts entered into Tax legislation Administrative law Labour and social security law Legal expenses after a fire Legal expenses for real estate Extenses Third party insolvency Bail money …
Material damage – standard fire insurance
Property
Material damage insurance: your fire policy
As well as being devastating for your business premises, a fire can damage the entire company. The right kind of fire insurance ensures that the damage is soon repaired and reimbursed so that you can start operating again as soon as possible.

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Fire insurance is available in all sizes and shapes. It is a matter of choosing a policy offering the right cover for your specific circumstances. Standard cover – Each fire insurance policy offers cover against fire, lightning, explosions and falling aircraft. Additional cover – These insurance options are often available as additional cover in your fire policy: Smoke Storms, hail, pressure of snow or ice The impact of electricity Collisions with vehicles Water damage and damage caused by mineral oils Flooding and earthquakes Glass breakage Labour disputes, riots, civil unrest, acts of vandalism and malice Expert appraisal costs Civil liability for buildings Sprinkler leaks Theft Damage resulting from theft or attempted theft Thawing of merchandise Machine breakdown Effective fire insurance calls for a customised approach. Prevention is better than cure. That starts with choosing the right materials for building or renovating your business premises. Determining the correct value of your building and the contents of the premises is just as vital as deciding what risk you yourself can bear (the deductible). All of these factors affect the premium and result in you being provided with the right compensation in the event of damage. ADD's specialists are to there to help you to define your policy.
All risks insurance for material damage
Property
If you believe standard fire insurance with insured perils is not reliable enough it is best to turn the tables. All risks insurance for material damage covers you for all the consequences of a fire, unless they are specifically excluded.
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Fire, smoke and water damage create huge clean-up, repair and reconstruction costs. Normally, you yourself have to prove that the cause of damage is covered by your fire policy. All risks insurance reverses the burden of proof subsequent to a fire. All damage is generally covered, unless your policy specifically states otherwise. It is up to the company to show that this is indeed the case. These risks will invariably be excluded: damage owing to products containing asbestos damage owing to war, mutiny or nuclear risks damage owing to your premises being requisitioned by the police or army damage owing to blackmail, deceit, abuse of trust
Environmental insurance
EnvironmentLiabilityProperty
Environmental insurance is designed to cover your company against any environmental damage intentionally or unintentionally caused by you. It is the perfect finishing touch to the preventive measures for contending with the financial consequences of contamination.
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Maybe you do not agonise about environmental pollution because you do not produce any pollutants. You had better think again. Almost every production environment is at risk of contamination: rusting conveyor belts, overflowing water basins, leaking (underground) heating oil tanks,... What is more, environmental legislation is becoming ever more stringent. Hence the chances of you being held liable for some type of environmental damage are very high. The problem is that such damage is difficult to manage and may soon increase dramatically. Moreover, standard fire insurance and/or liability policies do not apply in most cases. Protection against environmental damage Effective environmental damage insurance does not make any distinction on the basis of the location, the cause or type of damage. In the best case scenario, the exclusions are limited. You are covered in the case of: contamination of your own site, both accidental and gradual liability for environmental damage affecting third parties defence costs clean-up costs damage to biodiversity Extensions for specific activities If you run any specific environmental risks (at a construction site or as a transport company, for example) you can have these risks specifically included in your policy. ‘Loss of profits’ cover protects your company's financial balance sheet against the financial consequences of environmental damage.
Transport insurance
LiabilityTransport
The likelihood of goods being damaged or lost during transport is greater than most companies realise. Your goods can be seriously damaged owing to all kinds of factors, such as the time a journey lasts, goods moving or being displaced during the trip, theft and bad weather. It is a mistake to think that transport operators always bears the costs of this damage. So who is liable for your damaged goods? And what part do international agreements play in settling claims concerning your transported goods? Keep control of your transport insurance rather than leaving your suppliers or buyers to take charge of your goods.
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As in the case of other classes of insurance, transport cover makes a distinction between ownership and possession. Ownership is protected via material damage insurance, possession via liability insurance. Basics Transport operators are not always aware of the value of the goods being transported. Nor do they know what liability they are assuming through the transport agreement. The law provides various limits on financial liability by way of CMR conventions. CMR conventions reimburse the damage incurred according to the weight (roughly €10 per kilogram) and not according to the actual value of the merchandise. If your company makes ultra-light but costly computer chips, you will not receive any compensation for the damage suffered. In the event of damage during transport, it is not at all easy deciding which parties are liable so that your company may have to wait for a long time before being reimbursed for the damage incurred. Goods insurance offers your company further financial protection against transport risks. Your goods lose their value in transit in the case of damage or theft. Costs are incurred to prevent impending damage or to limit damage that has already occurred. It might also be a question of vessel, freight or cargo maintenance costs (general average). Not to mention the risks for your merchandise in the event of strikes or the risk of war. Goods insurance covers all in-transit costs, including loading and unloading. It takes account of the type of transport, the packaging and the type of merchandise due to be transported and the destinations. Two types of goods insurance 1. A goods insurance policy is taken out according to the chosen terms and conditions of delivery or Incoterm. If you transport goods only occasionally, it is reasonable to take out insurance on a per-shipment basis, opting for a one-off or optional policy. 2. A selected-transactions policy is a better alternative if you transport goods regularly. You may choose between a turnover policy or a declaration policy. ADD has developed a selected-transactions policy with specific clauses. Apart from the extensive insurance conditions companies also have opportunities for: trade fairs/exhibitions; contingency insurance ( insurance in the interests of the purchaser, in the interests of the seller) storage, even in their own storage facilities, plants, … participation in the favourable outcome of the selected-transactions policy
Third party insurance for motor vehicles
Fleet
All vehicles put into service in Belgium have to be insured. This also applies to the passenger cars, lorries and vans in your fleet.
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Third party insurance for motor vehicles covers all physical, materiel and sentimental loss affecting third parties as a result of a traffic accident. The legally compulsory insurance covers damage to: the owner of the goods damaged through your fault the driver and the passengers of the other vehicle involved or other participants in the traffic (cyclists, pedestrians,..) the passengers in your vehicle Accident between vehicles in your fleet Unless otherwise specified in the third party insurance contract for motor vehicles there is no cover for a collision between two vehicles belonging to the same policyholder. Collisions between colleagues in the car park or on public roads do not give rise to any compensation.
Legal expenses Vehicles
FleetHuman Capital
Legal expenses insurance is not compulsory by law. Depending upon the option chosen, insurance for your vehicle fleet covers the reimbursement of the costs and fees of lawyers involved in the legal proceedings initiated because of a traffic accident. The legal expenses will never be followed up with compensation for the physical or material damage you incur.
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Traffic accidents are always questions of facts about which there is a dispute more often than not. In such cases, legal proceedings are generally in the offing. In order to avoid the additional costs these proceedings would create (on top of any compensation), you are well-advised to take out legal expenses insurance. Legal expenses insurance for your vehicle fleet enables you to identify and defend your rights in the event of a disagreement. A conflict between you and your insurance company as well. When does legal expenses insurance apply? Your legal expenses policy covers all the costs incurred by your legal counsel and the latter's fees, provided this involves proceedings instituted for a traffic accident. The policy is particularly relevant when a liable third party refuses to provide compensation (or is insolvent), or when a dispute arises because of liability. Choose an independent insurer The conflict often occurs between your company and your own car insurance company. When the latter claims you are responsible for an accident and you do not agree, you are recommended to enlist the aid of a completely independent lawyer: someone not paid by your car insurance company.
Legal expenses Vehicles
FleetHuman Capital
Legal expenses insurance is not compulsory by law. Depending upon the option chosen, insurance for your vehicle fleet covers the reimbursement of the costs and fees of lawyers involved in the legal proceedings initiated because of a traffic accident. The legal expenses will never be followed up with compensation for the physical or material damage you incur.
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Traffic accidents are always questions of facts about which there is a dispute more often than not. In such cases, legal proceedings are generally in the offing. In order to avoid the additional costs these proceedings would create (on top of any compensation), you are well-advised to take out legal expenses insurance. Legal expenses insurance for your vehicle fleet enables you to identify and defend your rights in the event of a disagreement. A conflict between you and your insurance company as well. When does legal expenses insurance apply? Your legal expenses policy covers all the costs incurred by your legal counsel and the latter's fees, provided this involves proceedings instituted for a traffic accident. The policy is particularly relevant when a liable third party refuses to provide compensation (or is insolvent), or when a dispute arises because of liability. Choose an independent insurer The conflict often occurs between your company and your own car insurance company. When the latter claims you are responsible for an accident and you do not agree, you are recommended to enlist the aid of a completely independent lawyer: someone not paid by your car insurance company.
Driver's insurance
FleetHuman Capital
Driver's insurance provides compensation for physical harm and the medical expenses incurred by the driver of the vehicle at fault. This damage is completely excluded in statutory third party insurance. The compensation may be chosen to suit the circumstances.
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Driver's insurance is the latest insurance created to supplement to your car insurance. Cover for physical harm and loss of earnings The driver of a company car who is injured in a traffic accident receives compensation for the medical costs involved, permanent or temporary incapacity, death, … Depending on the policy taken out, the insurance company provides compensation for the actual damage (common law), or pays a flat rate agreed in advance (flat rate reimbursement system ). Should an employee die while driving, the insurance company pays a capital sum to the next of kin. Avoid duplication of cover and uncertainties Many drivers receive compensation for damage under another workplace scheme whereupon driver's insurance is superfluous. You should seek advice about this from your HR officer. You should always check to see who is specified in the policy as 'driver'’. This is important if you ask a designated driver to drive your car, for example.
Vehicle assistance
FleetHuman Capital
Your employee may need assistance with a breakdown when travelling or something may be stolen from the car. In these cases, assistance insurance is what is required to get on the move again quickly.
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Standard assistance insurance applies in the event of an accident or all kinds of breakdowns while travelling. The insurance reimburses towing costs, repair costs and the cost of repatriating the passengers and vehicle. You are also often entitled to a replacement vehicle for a short period. Damage is not covered Assistance insurance does not cover repairing damage to your car. Depending on the cause of the damage, the damage is covered by the other counterparty's usual third party insurance or your own comprehensive insurance. Avoid duplication of cover Think about checking carefully whether you are entitled to assistance or not. Car makers' warranties sometimes provide limited cover under your third party insurance or comprehensive insurance contract subsequent to a covered claim.
Credit insurance
Trade credit
Credit insurance protects you against a financial loss owing to an insolvent debtor. So you can do business without any worries.
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Well over 10,000 businesses go bankrupt in Belgium every year. The main cause is the late payment or non-payment of bills. A great many companies depend upon 20% of their customers for 80% of their turnover. When an important customer goes out of business this creates a huge risk for the survival of your company. Credit insurance basics Your credit insurance protects you against customers who are unable to pay. The protection can begin as early as the manufacturing period applicable to an incoming order for customisation. It applies in the case of the debts of your professional customers, except for public authorities, private individuals or related companies. Credit insurance covers unquestionable insolvency (such as bankruptcy) and presumed insolvency (non-payment by an operating company). Also covered are political risks: the risk of non-payment in the case of force majeure, such as a currency shortage, war or a natural disaster. Credit insurance: one of the components of a sound financial policy Credit insurance enables you to structure, support and professionalize your credit control policy: Risk prevention – You investigate the creditworthiness of your customer or prospect, and define a credit limit, so as to prevent large outstanding balances accumulating. Risk detection – Your credit insurer keeps a close watch on the financial position and payment behaviour of your customers and sounds the alarm if necessary. More professional debt collection policy– Your credit insurer takes over your debt collection policy if need be. Compensation in the event of insolvency– In a situation when your customer is unable to pay your insurer steps in. Credit insurance as a smart tool for doing business Credit insurance first of all offers protection, while providing you with a business opportunity. You can become more efficient at prospecting and be more prepared to allow payment extensions for reliable customers. You also save on debt collection costs and minimise your company's business risks.
Surety
Trade credit
Thanks to a surety bond, your insurer undertakes to meet your obligations to pay off a debt or comply with a commitment should you fail to do so. Surety bonds are commonly used in the case of award procedures, legal obligations or large contracts.
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A surety bond offers your company the scope it requires to compete for major contracts if your credit worthiness is called into question. A surety bond means your ordinary bank lines of credit remain available to launch other projects if need be. Surety basics Each surety bond is based on the same principle: Your customer receives a surety bond in exchange for the award of a project. You pay a premium to your insurance company, which agrees to take over your debts in the event of your insolvency. Your insurance company may subsequently turn to you for the repayment of the guaranteed amount. A surety bond invariably applies for a specific period of time and arises from a contractual or legal obligation. Regulatory and contractual surety bond By far the most common surety bond is a contractual bond, where you ask your customer to provide surety before launching a project (bid bond, advance payment bond, performance bond,...). Some surety bonds are legally defined: VAT, customs duties, surety bonds for environmental risks,...
Factoring
Trade credit
Factoring involves transferring all or part of your debt management system to an external partner. It offers an alternative to the standard cash credits and keeps pace with your company' cash requirements.
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Under a factoring agreement you transfer all or a large proportion of your trade receivables to an external partner. Depending on the provisions in the agreement, the receivables are purchased in their entirety or the factoring company just takes over the debt management system. Factoring may also be combined with credit insurance, thus directly covering your customer risk. Smart financial management A factoring agreement can offer your company the necessary financial breathing room: Granting an easier payment extension – Trade receivables are a key component of your company's asset side. Outsourcing your credit management enables you to focus on your company's growth. Less risk of defaulters – The risk of defaulters can be borne by the complementary credit insurance. Invoice advance – As you have an advance equal to 75%-85% of the invoice issued, you are able to do business at a faster pace.
Cost
International
How do you keep your insurance budget under control in an international environment? And how do you strike the right balance between the right cost and maximum security?
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Insurance policies may place a significant financial burden on your company but they are still a great deal cheaper than having to cope with an uncovered claim, which places a question mark over your company's continuity. Your insurance budget is a major driver but you still have to deal with it rationally. ADD offers guidance ADD is a member of the Worldwide Broker Network, the largest international network of independent insurance brokers, operating in 100 countries. We work together with our international partners to ensure your international insurance portfolio is completely transparent, so you have a clear and unambiguous understanding of all the different national and international policies in every country.
Compliancy
International
As an international player you are required to comply with a variety of complex regulations. ADD lets you know about all the standards and provisions your company has to observe, so that you can focus on your core business.
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It is not easy doing cross-border business. Compliance with all the complex standards and rules is what specialists do as part of their daily routine. On the insurance front as well: mandatory coverage, taxes, paying compensation, ... ADD is a guarantee of compliance You can rely on ADD to advise you about the compliancy of your insurance plan. We identify the mandatory insurance schemes and the recommended cover for each country, while making it easier for you to find your way around in the complex regulatory environment. ADD guarantees the full compliance of all your insurance plans
Concept
International
Should you opt for local policies (ex-programme) or an integrated plan? And what should you combine or otherwise?
A customised international plan addresses your company's needs, while the structure of your insurance concept is the task of specialists.
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What is the best way to organise your portfolio of policies to ensure your international risks are consistently insured? The answer to this question makes a world of difference in the case of guarantees and cost price. You can rely upon ADD lending its support in this context. Global programme, controlled master programme or ex-programme policies You as an international player basically have a choice of three options: A global programme offers worldwide cover and is underpinned by a policy taken out in the country where the head office is located. A controlled master programme combines a master policy, purchased in the country where your head office is located, with ‘local’ contracts in countries where your subsidiaries operate. Ex-programme policies in every country where your company operates, with direction from Belgium ADD will advise you when the time comes for you to choose between various options, depending on your specific aims. In this case, we obviously bear in mind your insurance budget (cost) and the rules relating to compliance.
Communication
International
Does your company know exactly how your insurance policies are faring in Asia? What stage has been reached with the compensation claim case in the United States? And do you still have an insight into your company's staff insurance in Bulgaria? ADD can help you find quick answers to all of these questions. The powerful WBNet software platform offers you the detailed reports that meet your requirements.
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Your multinational insurance plan calls for a central overview showing correct and up-to-date data and information about policies, particularly if you wish to centralise your company's risk management strategy. Accordingly, ADD develops a central communication platform for you towards this end. Four-pillar communication platform ADD ensures that you have a crystal-clear overview of the four pillars of your insurance policy all in one place: Your global insurance philosophy and approach The status of all your compensation claims An overview of all your policies (property & casualty) An overview of all your HR-managed policies This platform is a vital information tool for anyone concerned by your insurance case: your local risk managers, your general management, your CFO and local WBN partners (your servicing brokers). Centrally managed risk strategy ADD helps to manage your group-wide insurance philosophy on a centralised basis, translating your strategy into a clear language by means of practical insurance manuals, where local officers can find guidelines, contact persons, information about coverage and exclusions,...
Renewable energy
Renewable energy
The renewable energy sector is still in its infancy. What policies are most appropriate for your company? What do you need to consider when making decisions? We will join forces with you in making the right choice.
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Wind farms call for a special approach ADD will gladly help you develop your insurance scheme. In the renewable energy sector, we pay particular attention to the risks involved in the construction of a wind farm: Transport – Dealing with any obstacles encountered in transit, temporary offsite storage of parts,... Construction risks – An all risks on construction sites /assembly insurance policy covering all material damage, starting from the preparatory work, during the construction period and during the crucial transition stage for the final handover of the wind farm. Financial damage – A rock-solid policy to cover financial damage in the event of late energy supplies. Liability – Wind farms may have to contend with specific risks such as hail, oil leaks, noise, cast shadows,... We offer maximum cover both during the construction process and the operating period. We would also like to draw your attention to policies covering environmental damage, cybercrime,.... the options even include insurance for wind-down periods.
Credit insurance for Owners’ Associations
Trade credit
Credit insurance for Owners’ Associations

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This insurance is easy to take out and protects individual unit owners in multi-owned buildings. It allows owners’ associations to take out loans to fund renovation work and covers the association and its members against default by individual members. BENEFITS OF THIS INSURANCE All individual unit owners are covered without exception, even those who don’t participate in the loan. The owners’ association no longer has to pay for or deal with recovery procedures for defaults, so the association’s assets are protected. Individual unit owners no longer have to pay the share of defaulting members to the owners’ association. Default by one or more members will no longer negatively impact the association’s collective assets. What happens if a unit’s ownership is transferred? The obligations of an individual unit owner (vendor) to the owners’ association transfer automatically to the new owner. When a unit’s ownership is transferred, the new owner will continue to enjoy the same insurance protection. What happens when an individual unit owner is involved in collective debt settlement procedures? Once the owners’ association has been served with legal notice that the collective debt settlement is admissible, it can file a claim with the liability mediator within 30 days.. What happens when the building manager (syndic) changes? The rights and obligations of the parties are not affected. The contact details of the new building manager are sent to Atradius. Contact us

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Insurances

Group insurance

Guaranteed income

Turnover insurance

Hospitalisation insurance

Travel assistance

Expats

Individual pension commitment (IPC)

Private supplementary pension for the self-employed (PSPSE)

Machinery breakdown insurance

All risks on construction sites (ARCS)

Occupational insurance

Cybercrime insurance

All-risks electronic insurance

Fraud insurance

Directors and officers liability

Professional liability

Contractors' guarantee insurance

Corporate civil liability

Recall/Contamination insurance

No-fault liability in the case of fire and explosion

Employment practice liability

Legal expenses insurance for companies

Material damage – standard fire insurance

Material damage insurance: your fire policy

All risks insurance for material damage

Environmental insurance

Transport insurance

Third party insurance for motor vehicles

Legal expenses Vehicles

Legal expenses Vehicles

Driver's insurance

Vehicle assistance

Credit insurance

Surety

Factoring

Cost

Compliancy

Concept

Communication

Renewable energy

Credit insurance for Owners’ Associations

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