Property Risks
Property risk insurance for small and medium-sized businesses.
Comprehensive Coverage
Real Insurance Support
Flexiblე Packages
What People Ask
What is a property risk insurance policy?
Businesses need stability and protection at every stage of development. A property risk insurance policy safeguards your business against financial losses resulting from damage or destruction of buildings, renovations, inventory, and stock.
The property risk insurance package is a comprehensive product and includes:
Property insurance policy
Machinery and equipment insurance policy
Business interruption insurance policy
What type of companies is a property risk insurance policy intended for?
The policy is intended for small and medium-sized businesses, and under it you can insure:
Shops
Hotels
Restaurants
Manufacturing companies and factories
Gyms and salons
Clinics and medical facilities
Auto service companies
Production equipment
Machines and devices
High-voltage machinery
Furniture and inventory
Glass showcases
Computers and electronics
Warehouses and storage facilities
Products and stock
What risks does a property insurance policy cover?
A property insurance policy compensates for financial losses caused by damage or destruction of property in the following cases:
Fire, explosion, lightning strike
Hail, earthquake, flood, landslide, damage caused by heavy snow, ground subsidence or uplift
Theft, robbery, burglary
Flooding, collision with vehicles
A property insurance policy also covers:
Costs of cleaning damaged property and removing related debris up to 10% of the insured amount
Damage to insured property caused by necessary access by fire and rescue services, up to GEL 1,000
What risks does a machinery and equipment insurance policy cover?
A machinery and equipment insurance policy protects business equipment and devices in cases where damage is caused by unexpected, technical, or operational issues, including:
Mistakes or negligence during operation
Technical defects occurring during production or assembly of the equipment
Sudden power fluctuations, voltage spikes, or short circuits
Damage caused by manufacturing defects
Unexpected breakdowns of equipment that occur directly during operation
What risks does a business interruption insurance policy cover?
A business interruption insurance policy protects your business from financial losses that may occur due to property damage or machinery and equipment breakdowns, which result in disruption of business operations.
Covered risks / reimbursable expenses:
Loss of revenue due to forced suspension of operations
Bank interest
Fixed salaries of employees
Rent and security expenses for the office or production facility
Other operational expenses related to the interruption of business activities
Is it possible to choose just one policy, or do you have to purchase all three?
You can choose either the full combination or just a single specific policy, depending on your business needs.
