Property insurance for legal persons

Risks that can be covered under the insurance contract:

Property can be insured in the event of total loss or partial damage as a result of the following events:

• Fire;
• Earthquake;
• Landslides;
• Natural phenomena: storm, lightning strike, whirlwind, hurricane, tornado, floods, appearance of underground water, water overflow, ice movement, hail, icing, heavy snowfall;
• Explosion;
• Water damage – deterioration caused by malfunctions in water supply and sewage systems, heating systems, and anti-fire systems, water infiltration into the insured territory from other premises;
• External actions – damage or destruction of insured property resulting from collisions with terrestrial, naval, or self-propelled vehicles, falling of piloted aircraft or their elements;
• Illicit actions of third parties: theft with break-in, robbery, burglary, damage or destruction of insured property or its parts;
• Breaking of glass from windows, showcases, and other similar installations.

Accidental Damage Insurance for Equipment:

For expensive and complex equipment, MOLDASIG S.A. offers a special insurance program. By contracting an insurance policy for equipment and technical machinery against accidental damage, the company can optimize the process of budgeting for maintaining equipment in working condition. Repair or replacement costs for equipment damaged due to unforeseen accidents will be covered by the insurer.
We offer this method as additional coverage to the fire and other risks property insurance policy.

Insured Objects:

• Transmission devices;
• Power machinery and equipment;
• Work machinery and equipment;
• Tools.

Insurance Risks:

• Unforeseen accidental damage or defects of insured property;
• Errors or negligence of personnel or third parties;
• Breaking of cables and chains;
• Overloading, overheating, vibration, malfunction, blockage, clogging of the mechanism with foreign objects, pressure changes, "fatigue" of the mechanism;
• Hydraulic impact;
• Electrical energy damage in the form of short circuit;
• Explosion of water boilers;
• Damage or malfunction of additional devices and protective mechanisms.

Insurance for Losses Due to Production Process Interruption:

• Fire;
• Earthquake;
• Landslides;
• Natural phenomena: storm, lightning strike, whirlwind, hurricane, tornado, flooding, underground water emergence, water overflow, ice movement, hail, ice formation, heavy snowfall;
• Explosion;
• Water damage – deterioration caused by failures in water supply and sewage systems, heating systems, and fire protection systems, or water penetration from other rooms onto the insured territory;
• External actions – damage or destruction of insured property due to accidents involving land, water, or self-propelled vehicles, or falling piloted aircraft or their elements;
• Illicit actions of third parties: burglary, theft, robbery, damage, or destruction of insured property or its parts;
• Glass breakage of windows, showcases, and similar installations.

Losses caused by the stoppage of the production process include:

• The insured's current expenses for maintaining economic activity during the production stoppage period;
• Lost profit from the insured economic activity as a result of the production process interruption.

Current production losses include:

• Wages of the insured’s employees and workers;
• Payments to the social fund and similar contributions;
• Rent payments for spaces, equipment, or other assets leased by the insured for its activities;
• Taxes and fees payable regardless of turnover and operational results, particularly taxes on real estate, capital, or fixed assets, and registration fees, etc.

Lost profit – the amount the insured would have earned if the production process had not been interrupted:

• Manufacturing enterprises – from the production of goods;
• Service enterprises – from the provision of services;
• Trade enterprises – from the sale of products, if the production process had not been stopped due to material damage.

The insured sum is determined according to the amount of possible expenses for maintaining the production process and the profit not earned due to the production process interruption.
The insurance premium is set as a percentage of the insured sum.

 

Moldasig Insurance Priorities