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.

Owl tabs

General explanation

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.

Meer weten? Contacteer ons

Mail to a friend

Contact: Jan Braekman

Property
Storm op komst!
De weersvoorspellers kondigen voor de komende uren hevige rukwinden aan. Een verwittigd man (of vrouw) is er twee waard! Enkele nuttige tips: sluit...
31 January 2022
Continue

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.
Read more
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, ...
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.
Read more
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 …

Search

You are here

Material damage – standard fire insurance

Material damage insurance: your fire policy

Owl tabs

Storm op komst!

Fraud insurance

Legal expenses insurance for companies