Small and Medium-Sized Entrepreneurs

The PREMIUM Business product is designed for small and medium-sized entrepreneurs with a maximum of 49 employees and an annual turnover of up to CZK 250 million. The insurance is available to self-employed individuals (e.g., sole traders), as well as legal entities such as joint-stock companies, limited liability companies, limited partnerships, cooperatives, and municipalities. Self-employed farmers and individuals practicing liberal professions are also eligible.

PREMIUM Business offers comprehensive insurance coverage tailored to entrepreneurs. It provides extensive protection up to CZK 150 million for property insurance and an insurance claim limit of CZK 50 million for liability insurance, covering all key risks an entrepreneur may encounter.

In addition to standard insurance for real estate, movable property, and a wide range of supplementary items, the product also includes protection against business interruption, as well as insurance for transport and technical risks.

Regarding liability for damage caused by operational activities or defective products, the product also covers damage arising from the ownership of real property. Furthermore, it includes coverage for environmental damage, directors and officers liability insurance (D&O), and data protection insurance.

SIMPLICITY AND SPEED

After entering just a few basic input details, an insurance offer is generated immediately – no need to complete lengthy questionnaires.

360° COVERAGE

The basic insurance package automatically includes all offered insurance components, providing comprehensive and extensive protection against a wide range of risks. It covers, among other things, environmental damage, directors and officers liability, data protection, transport insurance, business interruption, damage to machinery and electronics.

CLAIM LIMITS INCLUDED IN THE INSURANCE PRICE

The basic insurance includes an insurance claim limit of up to CZK 50,000 and extends beyond property and liability coverage to include several supplementary products. These cover short-term business interruptions, transport, environmental liability, as well as directors and officers liability (D&O).

"ALL RISKS" COVERAGE

The property and liability insurance provides broad "all risks" coverage. The basic package includes numerous supplementary insurances and protects entrepreneurs against nearly all insurable risks. Only those risks explicitly excluded in the insurance terms are not covered, which significantly reduces complications in claims settlement.

PLACE OF INSURANCE

If the insurance of buildings and movable property is arranged as a package, it is sufficient to specify only the main place of insurance.

TERRITORIAL SCOPE

The insurance covers damage occurring within the Czech Republic, the Slovak Republic, Poland, Austria and Germany, with the option to extend coverage to the entire European Union or Europe.

AUTOMATIC RENEWAL OF CLAIM LIMITS

Both primary and supplementary insurance items can be arranged with a selected claim limit, which is automatically restored to the original amount after each insured event – without any increase in premium.

UNDERINSURANCE TOLERANCE

The insurance company allows for underinsurance of up to 20% of the actual value of the insured property. Thanks to this tolerance, minor discrepancies between the agreed insured amount and the real value of the property do not affect the insurance payout, which is made in full and without reductions.

FRANCHISE AS A FORM OF DEDUCTIBLE

The insurance is arranged with a deductible in the form of a franchise. This means that if the amount of damage exceeds the specified franchise threshold, the insurance company pays the full claim – without deducting any amount from the client's compensation.

CLAIMS SETTLEMENT

Comprehensive and transparent insurance coverage significantly simplifies and accelerates the claims settlement process.

ELECTRONIC CONCLUSION OF CONTRACTS

The insurance contract is concluded online, and coverage begins once the insurance premium has been paid. All documentation, including the insurance terms and conditions, is available electronically – with no need for a physical signature.