Business insurance

5 risks to take in consideration about Real Estate

Reading time: 5 minutes

Impressive numbers: real estate companies, owners of offices and warehouses, shopping centers, catering services and hotels are all exposed to frequent fire risk. In the US, in 2015, the fire brigade intervened to extinguish 1.345.500fire cases a year. The damages were enormous: who lost his lives, many people burned, $ 14.3 billion in direct damages and business interruption. And in Europe? The data reported by the Fire Safe Europe Organisation, … Read more

Business abroad: how to reduce risks in 5 points.

Reading time: 3 minutes

Do we want to sleep soundly? Opening the gates of our firm to experienced consultants is an excellent strategy: what ever it happens, insurers and risk managers never leave us alone. A case really happened. In 2010 in Australia an industrial bakery was entirely destroyed by a huge fire. The insurance company refused to pay multi-million $ compensation: why? The walls’ premises had been constructed using a large quantity of highly flammable … Read more

Business insurance: 4 reasons why local is much better

Reading time: 3 minutes

If we live abroad, we are well aware of the challenges we front while working. We might face more and more business risks: a local exposure can be better solved by a local solution.   Companies abroad come in many different types but are usually divided into two main categories. Under the first one, we can find multinational firms with operations in different countries of the world. To the second one belongs … Read more

Business insurance: how much does it cost me?

Reading time: 2 minutes

Eastern European countries are known for their harsh climate. However, the taxation of companies premiums remains slight. The tax advantages are under the sun light. Antony has recently doubled the size of his industrial site in Poland. Question: «How the premium on the new hall will be taxed?» Answer: The application of taxes on firms’ premiums may vary from country to country. The taxation of premiums in Poland currently is zero. … Read more

Slovakia: companies more and more careful about their risk exposure

Reading time: 2 minutes

New taxes on the premium, accidents at work, hydrogeological risk. The end of the year approaches: these are some of the the most frequently asked questions. 1. John stores and manages some commercial properties in Bratislava’s center. Question: «I have to renew the fire insurance on my properties policy: will the premium be taxed?» Answer: Not yet known. The Slovak government plans to introduce from 2017 a tax of 8%. … Read more

Does insurance pay always in case of fire?

Reading time: 3 minutes

End of the year is approaching and, as usual, here it is a first summary of those many questions that our clients put us during the inspection of their firms. Companies are becoming more and more aware of the risks they face during their business activities, especially if we are abroad and the texts of the insurances are written in local language. Once again, we found considerable confusion about the difference … Read more