Business insurance

Business insurance

In order to choose the right insurance you can consult an expert who will help you to get the appropriate cover for your company.

If you have decided to set up business in Italy, it is vital to have the right company insurance which is fundamental to the protection and management of your business.

Paying the insurance premiums can be very expensive, but it is worth it. As a foreign business, you are susceptible to infractions, accidents and even disasters. It is wise to seek out a reputable insurance broker in Italy, who will recommend you the exact insurance needs for your company and also compare deals and negotiate cost-effective packages. They will also be able to inform you of any legal requirements in Italy that you may not be aware of. There are 4 main types of insurance.

  1. Business insuranceVehicle insurance. According to Italian law, all vehicles must be insured to a third party liability level in Italy. There are two options – third party and comprehensive vehicle insurance. If a claim is made against you for personal injuries and legal costs, then third party injury insurance is required. Comprehensive vehicle insurance covers damages caused to your own car by you as well as injury, property damage, fire and theft.
  2. Personnel insurance. This type of insurance covers you and your employees in the event of sickness, accident or illness. An employer must provide accident or sickness cover for their employees. Self-employed people are not covered by employee compensation and need to cover themselves through a private insurer.
  3. Public liability insurance. This is a compulsory form of cover in Italy and protects from claims by third parties against negligence, death, injury, loss and damage of property and economic or financial loss.
  4. Building and contents insurance. This type of insurance covers your property and its contents and/or stock against fire, water and other damages such as earthquakes, lightning, storms, explosions, burglary and theft.

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