Corporate property insurance
Safeguarding property is crucial irrespective of whether you have a big business or a small company.
ERGO corporate property insurance compensates damage caused to your company’s buildings, construction works, facilities, office and other equipment, inventories, materials, goods and other assets. Make sure that you avoid additional expenses in the event of occurrence of an unforeseen event.
Corporate property insurance for business
Corporate property insurance is like a trusted partner that helps you protect your company’s immovable and movable property against unexpected events, thus, avoiding financial concerns.
Why to choose ERGO insurance?
Customer needs come first
We provide personalised insurance coverage for every customer. You have the flexibility to select from a variety of insurance options and additional coverage.Making the contract clear
We simply explain complex insurance rules, the risks and scope of insurance coverage so that there are no doubts when choosing business property insurance.High-quality insurance coverage
We take the risks that may arise to give you peace of mind. We provide reliable insurance coverage and a caring attitude towards your property.Immediate compensation of losses
We take your situation into account based on our many years of experience and care in claim handling. We help our customers to quickly recover their property after an emergency.What is covered by corporate property insurance?
All insured events
In case of occurrence of an unexpected event, insurance will cover against the following risks:
- fire;
- water;
- forces of nature;
- theft;
- deliberate actions of third parties;
- vehicle collision;
- glass breakage;
- other risks.
Fire
In case of a fire risk, coverage is valid against:
- fire;
- explosion;
- lightning strike;
- falling or striking of a controlled flying object, its parts or its load.
Water
In case of a water risk, coverage is valid against:
- rupture, explosion or freezing of water supply, sewerage, air-conditioning or heating system equipment;
- water penetration from adjacent premises;
- water spillage from the sprinkler system in the absence of a fire.
Forces of nature
In case of a forces of nature, coverage is valid against:
- storm;
- hail;
- sudden and unforeseen flood, shower;
- snow pressure;
- falling or slipping soil.
Theft
In case of a theft, coverage is valid against:
- burglary into premises or fenced, guarded territory;
- vandalism, destroying insured property after a theft;
- robbery by using violence or threat.
Deliberate actions of third parties
In case of deliberate actions of third parties, coverage is valid against:
- damage to the building or its parts caused by deliberate actions of third parties. Not applicable in the case of glass breakage and graffiti defacement.
Vehicle collision
In case of vehicle collision, coverage is valid against:
- a vehicle or self-propelled machinery hitting the property.
Glass breakage
In case of glass breakage, coverage is valid against:
- breakage or splitting of glass, ceramic or glass replacement structures of a building or equipment. It does not cover damage to inventories, their glazing or packaging during their transportation or packaging. It is not valid to scratching of the equipment surfaces without breaking them and in case of portable equipment breakage if this is not separately agreed in the contract.
Insurance against all risks
In case of insurance against all risks, coverage is valid against:
- physical damage to, destruction or loss of the insured property as a result of any accident occurring suddenly and unexpectedly during the insurance coverage period, with the exception of the non-ensured events specified in the terms and conditions.
What is covered by corporate property insurance?
In case of occurrence of an unexpected event, insurance will cover against the following risks:
- fire;
- water;
- forces of nature;
- theft;
- deliberate actions of third parties;
- vehicle collision;
- glass breakage;
- other risks.
In case of a fire risk, coverage is valid against:
- fire;
- explosion;
- lightning strike;
- falling or striking of a controlled flying object, its parts or its load.
In case of a water risk, coverage is valid against:
- rupture, explosion or freezing of water supply, sewerage, air-conditioning or heating system equipment;
- water penetration from adjacent premises;
- water spillage from the sprinkler system in the absence of a fire.
In case of a forces of nature, coverage is valid against:
- storm;
- hail;
- sudden and unforeseen flood, shower;
- snow pressure;
- falling or slipping soil.
In case of a theft, coverage is valid against:
- burglary into premises or fenced, guarded territory;
- vandalism, destroying insured property after a theft;
- robbery by using violence or threat.
In case of deliberate actions of third parties, coverage is valid against:
- damage to the building or its parts caused by deliberate actions of third parties. Not applicable in the case of glass breakage and graffiti defacement.
In case of vehicle collision, coverage is valid against:
- a vehicle or self-propelled machinery hitting the property.
In case of glass breakage, coverage is valid against:
- breakage or splitting of glass, ceramic or glass replacement structures of a building or equipment. It does not cover damage to inventories, their glazing or packaging during their transportation or packaging. It is not valid to scratching of the equipment surfaces without breaking them and in case of portable equipment breakage if this is not separately agreed in the contract.
In case of insurance against all risks, coverage is valid against:
- physical damage to, destruction or loss of the insured property as a result of any accident occurring suddenly and unexpectedly during the insurance coverage period, with the exception of the non-ensured events specified in the terms and conditions.
What is covered by corporate property insurance?
Extended insurance of portable equipment:
Losses of portable equipment are indemnified on an all-risks basis and insurance is applicable to glass breakage and the coverage is valid worldwide. Portable equipment includes laptops, tablets, mobile phones, watches, video cameras, photo lenses, video projectors, binoculars, surveying devices, portable construction tools, portable medical tools.
Insurance of overvoltage:
We will compensate for damage to equipment or buildings caused by voltage fluctuations or indirect lightning strikes.
Insurance of internal failures:
We will compensate for damages caused by internal failures or burnouts that are not caused by external forces, but are caused by internal forces.
What is covered by corporate property insurance?
Losses of portable equipment are indemnified on an all-risks basis and insurance is applicable to glass breakage and the coverage is valid worldwide. Portable equipment includes laptops, tablets, mobile phones, watches, video cameras, photo lenses, video projectors, binoculars, surveying devices, portable construction tools, portable medical tools.
We will compensate for damage to equipment or buildings caused by voltage fluctuations or indirect lightning strikes.
We will compensate for damages caused by internal failures or burnouts that are not caused by external forces, but are caused by internal forces.
Objects of corporate property insurance
Real property
We insure real estate, i.e. buildings, premises, engineering networks. In addition, we can cover yard structures (fences, grounds, benches, flighting fittings).Movable property
We can insure equipment, machinery, inventory and furniture. We also insure inventories, current assets such as raw materials, goods and manufactured products.Additional objects
We can insure planned investments, the employees’ assets, assets entrusted to third parties, signboards and advertising boards, as well as cash.Additional objects
We can reimburse you for additional costs incurred after an insured event, such as disposal of remains, speeding up the works, hiring specialists, etc.20+
countries across the ERGO Group
1200
team members in the Baltics
640 000+
customers in the Baltics
90+
products
Frequently asked questions about corporate property insurance
Yes, we can insure commercial premises with corporate property insurance.
Terms and Conditions of Corporate Property Insurance
Archive
Įmonių turto draudimo taisyklės (galiojo iki 2021-02-14).pdf
Valid for contracts issued until 2021-02-14
Pastatų draudimo taisyklės (galiojo iki 2009-07-20).pdf
Valid for contracts issued until 2009-07-20
Turto draudimo nuo gamtinių jėgų taisyklės.pdf
Valid for contracts issued until 2009-07-20
Turto draudimo nuo vagystės su įsibrovimu taisyklės.pdf
Valid for contracts issued until 2009-07-20
Turto draudimo nuo ugnies taisyklės.pdf
Valid for contracts issued until 2009-07-20
