Property Insurance

This is a complete insurance protection covering any physical damage to the property, usually building or auto insurance, including coverage of contents against the risk of fire, flood insurance, theft, explosion, earthquake or windstorm, among others.

The insured perils could be named or open, but there are several important excluded causes to be taken into account according to the different types of coverage and companies. This is why the help and consultancy of a specialized business insurance broker is so important to professionally compare several companies and offer an independent recommendation before deciding which is the best quote to cover your needs.

It is important to consider any available flexible or tailored solutions, since several policies can include within a single multi-risk policy products such as crime and infidelity, business income or mechanical breakdown insurance.

This is also known as property liability insurance (P&C). It is protection against any liability caused by an accident or event that can cause damage to a third party or his property. This insurance covers the repair or replacement cost of these goods to their original condition or as closely as possible.

To be liable, the Insured should be at fault, one way or another. This insurance can cover bills, indemnities or compensation, legal fees or loss of wages.

Some of the most common types are:

Casualty and Property Insurance of Industrial Plant

 This protects against physical damage that takes place in the Industrial Plant while carrying out the business activity.  It also covers the payment of compensation, cost of reparation or the replacement of some goods after an accident. It can also include liability insurance.

This product is intended for large or multinational companies or corporations and normally entails some major franchises. It is optional to include the extra coverage of loss of profits, after certain claims.

Property and Casualty Insurance for Stores, Offices and SMEs

 This protects your business, small and medium enterprises (SME), office or store when carrying out commercial activity by insuring all goods, furniture or decoration, machinery, equipment and all the contents of the store. It is normally combined with the civil liability insurance.

It is highly recommended to include legal expense, loss of profits, work stoppage, electrical damage, and theft and pilferage coverage.

Commercial Insurance for Freelancers

 This protects business activities carried out and it is especially targeted at professional self-employed people or freelancers and businesses in the service sector with 24 hour protection.

It can be suitable for people running a business from home, self employed people or just as a complement to property and casualty home insurance.