Industrial Fire Insurance - All Risks

The insurance coverage of this insurance is on an "all risks" basis, i.e. cover loss or damage to your insured property caused directly by any sudden, accidental and unforeseen event, except as expressly excluded in the General Terms and Conditions.

The cover also includes all usual risks such as fire and the consequences of its extinguishing, lightning, explosion, implosion, impact from aircraft or falling parts and objects, storm, hurricane, damage from falling branches and trees, heavy rain, flooding from natural disaster, damage due to gravity due to natural accumulation of snow or ice, fall of an avalanche, action of groundwater, sea waves, landslide and collapse of earth layers, hail, freezing of stock and material stocks, hit by a road vehicle or animal, accident of lifting machines, damage to property during its transportation from one address to another with own or hired transport, sudden leakage of water from sprinkler installations, accident of plumbing, sewage, heating and air conditioning installations, short circuit and electric shock, theft by burglary, theft using technical means, vandalism incl. malicious fire and malicious explosion and others. Costs incurred by you for damage mitigation, debris and debris removal, removal and storage of insured property, and earthquake risk may be added to the cover by further arrangement.

Under special conditions and with extended coverage, we can offer insurance coverage for:

• Electronic equipment;

• Breakdown of machines;

• Interruption of activity;

• Spoilage of goods in refrigerators due to changes in storage temperature, etc.;

• Cash in cash or in a vault; • War, terrorism, riots, strikes, civil unrest and unrest.

Industrial Fire Insurance - All Risks features the most comprehensive insurance coverage for your business. You can protect not only your property, but also any additional costs and losses arising from damage or loss of property.

You can determine the sum insured for the insurable properties based on their actual value. The real value is considered to be the value for which another of the same type and quality can be bought instead of the insured property.

The amount of money specified by you written in the insurance contract is the insured amount or limit up to which we are liable for damages incurred and covered under the contract.

The correct determination of the insurance amount is extremely important for determining the amount of compensation in the event of an insured event. You can determine the insurance amount of the insured immovable and movable property:

• Based on accounting data at a specific, specified time - balance sheet value, accounting value or a multiple thereof, multiplied by a coefficient specified by you;

• Expert evaluation by a licensed appraiser or based on average market prices for the specific type of property, taking into account the type, age, quality and technical characteristics;

• On the basis of average or maximum availability for goods and material stocks, at acquisition prices/cost, reported for the previous 12 months or on the basis of the expected sizes of these stocks;

• For certain types of property or covered risks, the insured amount can be defined as a contractual limit of liability.

This insurance will provide you with the following benefits:

• Broad insurance coverage tied to your individual needs;

• Provides complete and reliable protection of your business assets and processes;

• Fast and correct service when concluding the insurance and occurrence of an insurance event and timely payment of damages in full;

• If you acquire new property during the term of the insurance contract, with the exception of works of art, it will be considered insured under the relevant property group without payment of an additional premium, if the insurance contract was concluded without an inventory and the value of the newly acquired property is not more from 10% of the initial insurance amount of the relevant property group;

• Option to pay the premium in up to 4 installments;

• The insured person's deductible does not apply;

• Option to issue the insurance policy in favor of a bank (if you will use a bank loan);

• We provide a reinsurance program with top class reinsurers and this allows us to maintain the level of service even with catastrophic risks.

You can take out "Industrial fire - all risks" insurance at all our offices, as well as at the insurance intermediaries who are our partners.