Property Insurance

In the realm of property insurance, we create insurance programs covering all risks, Cargo insurance, electronic equipment insurance, business interruption and loss of profit insurance, machinery and equipment insurance, and construction and installation risks. We offer assistance in insurance consulting and risk assessment.

Risk Management

As an insurance broker, we support our clients in the risk management process. We consult on insurance issues, analyze, and assess risk. For property risks, we collaborate permanently with Riskonet. Riskonet, with its international network of consultants, is our strategic partner in property security and business continuity. It conducts reviews and inspections, analyzes collected materials, and based on extensive experience, assesses property and/or business interruption risk. The analyses cover both external risks (e.g., threats of fire, explosion, flood, hurricane, etc.) and internal risks (e.g., failures) and their impact on business continuity—the level of exposure to disruptions in business operations. Risknet reports are used by entrepreneurs for developing prevention measures and enhancing the safety level of organizations or for insurance purchasing purposes. The insurance market values and recognizes Riskonet reports and relies on them in the process of preparing property and loss of profit insurance offers. Riskonet also provides specialized, independent, and comprehensive insights into threats and safety. It supports the analysis of insurance recommendations and their implementation. It assists in creating a bespoke approach to business protection, internal property safety policies based on knowledge of Polish and international property protection standards. Risk assessment is a preliminary step in the risk management process at existing industrial, warehouse, and commercial facilities. Riskonet's methodology can also be utilized during the design of new facilities and acquisitions.

All-risk Property Insurance

Insuring assets is one thing, but having assets insured under favorable conditions with a correctly assessed value allows for quick reconstruction of the business in case of damage. The subject of all-risk (AR) insurance is the client's property in the form of buildings, structures, machines, equipment, cash values, investment expenditures, or current assets. AR insurance covers the consequences of unspecified accidental events. Considering special client needs, we negotiate individual insurance scopes in the form of special clauses. We also ensure that the insurance coverage appropriately includes additional costs such as searching for the cause of damage, clearing up debris, rescue costs, extra works, legal defense costs, and more.

Cargo Insurance

Cargo insurance in transportation is a product that allows for quick compensation for damaged, destroyed, or lost goods. Insurance can cover shipments transported in various modes of transport, as well as in multimodal transportations and during inter-warehousing. We prepare cargo insurance programs tailored to client requirements, ensuring the broadest protection scope for senders and recipients of domestic and international shipments. Depending on needs, programs can be constructed based on individual shipment declarations or turnover policies. The insurance coverage is determined by Institute Cargo Clauses (A). The insurance protection starts from the moment of loading activities at the sender's premises and lasts until the completion of unloading activities at the receiver's premises.

Electronic Equipment Insurance

We prepare electronic equipment insurance (EEI) for our clients - both stationary and portable. The insurance covers the effects of sudden and unexpected loss, damage, or destruction of insured equipment, necessitating replacement or repair. It also includes data and its carriers, meaning the insurance can be extended to cover the costs of data base reconstruction. EEI is a solution that allows for a quick reimbursement of costs incurred for the repair or purchase of damaged equipment.

Business Interruption and Loss of Profit Insurance

As a supplement to property insurance programs, we offer clients business interruption insurance due to random events (BI – Business Interruption), for production sectors - machinery loss of profit insurance (MLoP), and for investors - advanced loss of profit insurance (ALoP). These products provide protection in case of loss of profits due to random events. MLoP insurance secures the planned financial result in case of a break or disruption in operations due to machinery, production lines, or technological process failures. The liability begins at the moment of the occurrence of damage and lasts until the insured company regains the planned level of revenues. The indemnity period is defined considering the time needed to import new machines or parts, exchange or repair, and conduct tests. Compensation is calculated based on the planned operating profit and fixed costs. MLoP insurance can also cover increased costs of operations incurred to minimize losses. ALoP insurance is conditional on having CAR/EAR insurance and covers the loss of planned gross profit resulting from a delay in commissioning the investment as intended. The liability starts from the moment the planned handover date of the investment is exceeded until the investment is handed over, within a pre-established maximum indemnity period. ALoP insurance includes the gross profit lost due to a delay caused by damages in contract works. The cause of damage must fall within the catalog of events covered by CAR/EAR insurance. Protection includes planned profit and fixed costs.