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Property insurance (or movables insurance) is the business equivalent of household contents insurance and thus provides essential basic coverage for all SMEs. Whether it's a consulting firm's IT infrastructure and office equipment, a workshop's machinery and materials or an online shop's warehouse – fire or water damage, theft, and vandalism don't just cost the company a lot of money, they often prevent it from actually doing business at all.
Apart from the obligation to insure against fire and natural hazards in some cantons, property insurance is optional for companies throughout Switzerland.
No company is completely safe from unforeseen events. Lightning, hail, and vandalism are just some of the many things that can cause a significant material loss in an instant, making it all the more important to ensure that you have the right insurance coverage in place. Property insurance offers very specific protection for your company's movable property and valuables. In the event of a claim, it also covers any clean-up and disposal costs, lost income, and other financial losses. What's more, our early payment service ensures a fast payout with minimal paperwork, allowing you to get straight back to business.
All of a company's premises (e.g. offices, warehouses, and branches) are insured, provided they are listed in the policy.
The premium is calculated on the basis of the individually agreed sum insured, which corresponds to the value of the insured property. To avoid being underinsured, the policyholder should regularly review the value of goods and inventory and inform AXA of any changes.
AXA's movables insurance is never a standard solution. Instead, it offers coverage tailored specifically to your individual business model and insurable property. You can also add industry-specific options in line with your needs.
Property insurance protects all of your company's movable property. Built-in fixtures count as part of a building's installations and are covered under building insurance.
Household contents insurance covers the policyholder's personal movable property. The tools you need for your business are covered up to a maximum of CHF 20,000, but inventories of goods intended for sale, semi-finished and finished products, and fixtures and fittings for business use are not.
We therefore recommend taking out separate property insurance (or movables insurance), either in the name of your company or in your own name as sole proprietor.
When you need to make a claim, it's important to act fast, especially if you want to avoid any interruption to your business. Our "early payment after a loss event" service ensures that you receive part of the payout before we finish processing your claim.
Both mean that the actual value of your inventory doesn't match the agreed sum insured. If you're underinsured, you don't have sufficient cover for your inventory, i.e. the amount paid out might not fully offset the loss incurred.
That can't happen if you're overinsured, which means that the sum insured is higher than the actual value of your inventory. This can serve as contingent coverage, for example in the event that your company's value concentration increases. However, it also makes the premium higher than it would be if the sum insured matched the actual value.
We therefore recommend making a record of all your property during a consultation and then updating the sum insured on a regular basis in subsequent years.