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Insurance of business assets

Loss of profits insurance

To maintain liquidity in case of damage
Loss of profits insurance  

Why should you choose Allianz loss of profits insurance? 

Benefits for your company
  • Supplementing asset insurance
  • Certainty of maintaining financial liquidity and achieving financial results as if no damage had occurred
  • Guarantee of resumption of business activity if an unexpected chance event interrupts or disrupts activity
  • Possibility to adjust the scope of insurance and other terms of the agreement to the specific character of the industry and the needs of the business

What does loss of profits insurance provide? 

Insurance that secures the achievement of the planned financial result in the event of interruption or disruption of operations as a result of damage to property - compensation for lost operating profit and coverage of fixed costs incurred during unplanned downtime period, even if it is long-term

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Insurance against loss of profit

 as a result of damage to property
FLEXA
basic scope
Hurricane and hail
optional
Other elements / force of nature
optional
Flooding with water or other liquids and frost
optional
Falling trees or collapsing structures and disaster
optional
Theft risks
optional
Vehicle impact, smoke, soot, sound wave
optional
Glass and glass objects
optional
Strikes and riots
optional
Other unspecified risks
optional
Mechanical, electrical failures
optional

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Proven solutions for your company

You have great goals, unique talents and the courage to put your plans into action. The build-up phase also puts you in front of many new tasks, making time more precious than ever
Because pressing issues such as financial planning, business registration, appointments with the tax consultant and the first measures to implement the business idea you take advantage of
Allianz supports you exactly here: by choosing a suitable product for you, you have the peace of mind

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Frequent questions about business loss of profit insurance

We have developed the loss of profits insurance for the sector of large businesses that already have business asset insurance with Allianz or want to take out business asset insurance together with the loss of profits insurance.

The insured may be:

  • a manufacturing, commercial or service company keeping full or simplified accounts,
  • the owner of a property,
  • financial institution,
  • car dealer.

The information necessary to conclude an insurance contract is determined at the risk analysis stage by the underwriter. It includes:

  • financial data specified in the sum insured calculation form,
  • description of factors influencing the length of downtime or disruption, e.g.: occurrence of so-called bottlenecks, expected time of property reconstruction, etc.,
  • description of the supplier-recipient relationship, availability and lead time for delivery of machinery and technological equipment or raw materials and semi-finished products,
  • description of the relationship between departments or separate intra-company units,
  • list of damages and damage reserves from at least the last 3 years.
Valuation of the cost of insurance requires a professional risk assessment. The insurance price is determined individually depending on the scope of insurance, type of activity, external threats, structure and protection of property, damage and other factors contributing to the exposure to damage or risk of damage.

No – loss of profits insurance is closely linked to asset insurance.

It is necessary to conclude an insurance contract for business assets with Allianz, as the coverage of damage under this policy determines the liability under the loss of profit insurance policy.

The amount of deductible or deductible franchise is determined individually. It depends on factors taken into account in the risk assessment. The deductible in BI insurance is expressed in days or as an amount - usually the deductible covers between 3 and 7 days.
The amount of the deductible or franchise deductible in the asset insurance policy does not affect liability in respect of lost profit.

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This material is for informational purposes only, it is intended to provide a general outline of the nature and scope of the aforementioned insurance and does not constitute an offer within the definition of Article 66 § 1 of the Civil Code. The detailed scope and terms and conditions of the abovementioned insurance are regulated by the general terms and conditions of insurance with attachments (available in the Documents for Insurance tab), in which you will find provisions concerning, among others, premiums, scope of insurance, limitations and exclusions of liability of TUIR Allianz Polska S.A.  and the conditions of payouts and rules for calculating insurance benefits.