Property insurance: protect your company property

A fire in your workshop, a flooded warehouse or stolen office equipment can result in a large financial loss that grows day by day if your business is interrupted as a result. It's worth pointing out that property insurance doesn't just cover your SME's physical assets, it also compensates you for income lost due to an insured event.

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Who needs AXA property insurance?

Property 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.

What the law says

Apart from the obligation to insure against fire and natural perils in some cantons, property insurance is optional for companies throughout Switzerland.

What does AXA property insurance cover?

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.

Insured property

Goods: The insurance covers all goods your company manufactures itself and those it buys in, as well as raw materials, factory supplies, semi-finished and finished goods, and spare parts.
Inventory: Furniture in warehouses, offices, and other business premises is comprehensively covered, together with tools, machinery, and company vehicles.
Monetary assets: The policyholder's monetary assets – e.g. cash, securities, savings books, credit and customer cards, and signed checks – are covered.
Third parties' property: Property leased, rented or entrusted to your company by third parties is also covered.

Insured risks

Fire: Damage caused by fires, sudden smoke, lightning, explosions, and water used to extinguish fires is covered. Fire insurance also covers damage caused by crashes or emergency landings of aircraft or spacecraft.
Natural perils: The insurance covers damage caused by bad weather such as storms and hail as well as high water, flooding, avalanches, landslides, rock slides, snow load, and falling rocks.
Earthquakes: Damage caused by tectonic shifts in the Earth's crust is also insurable.
Burglary and robbery: We insure material losses due to burglaries and robberies, but not simple theft where there is no evidence of forced entry.
Water: The forms of water damage insured include the effects of water or other liquids leaking from or into a building as well as frozen pipes and damage caused by fluids leaking from heating systems and tanks.
Glass breakage: The insurance covers broken glazing on buildings and furniture as well as sanitary installations.
Other risks: Damage resulting from civil unrest or vandalism is covered, as is damage to the company's movable property caused by fluids, molten materials or the impact of a vehicle.

Insured premises

All of a company's premises (e.g. offices, warehouses, and branches) are insured, provided they are listed in the policy.

Premium

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.

What optional coverage is available?

AXA property 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.

Transportation insurance

Goods can easily be damaged in transit. Insurance can minimize the risk of losses. We insure your goods against damage, loss, theft, accidents, and other incidents during transportation.

More information on transportation insurance

Cyber insurance

Digital technology optimizes processes, making them faster and more cost-effective, but the costs can quickly mount up if criminals misuse your e-mail address, hack into your IT systems or steal your customers' data. Extend your insurance coverage to include cyber risks, and AXA will compensate you for lost revenues and recovery costs and protect you against liability claims by third parties (e.g. following data losses).

More information on cyber insurance

Engineering insurance

When machines and plants fail, they can cause large parts of your business to grind to a halt. Engineering insurance pays your repair or replacement costs, for example if measuring systems or production machines suffer impact or internal damage. Any additional costs incurred as a result of the damage are also covered.

More information on engineering insurance

Credit insurance / accounts receivable insurance

Losses due to unpaid bills are a big risk, which is why we offer insurance against them. We track the credit ratings of your regular customers in Switzerland and abroad for you, take care of debt collection when payment deadlines are missed, and compensate you for payments you don't receive.

More information on credit insurance / accounts receivable insurance

Insurance against risks of infection in companies

Your business can suffer huge losses if the authorities order it to close due to health risks. Insurance against risks of infection in companies compensates you for the consequences of ordered measures, including loss of income, a ban on activities, and damage to goods.

More information on insurance against risks of infection in companies

Downloads

Property Insurance Businesses – General Insurance Conditions (GIC) [.pdf , 252KB]

Support and frequently asked questions

What's the difference between property insurance and building insurance?

Property insurance covers all of your company's movable assets, whereas building insurance covers non-movable fixtures and fittings.
I'm a sole proprietor, and I work from home. Is private household contents insurance enough to cover my office and the storage room for my webshop?

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 goods in storage 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, either in the name of your company or in your own name as sole proprietor.
All of our logistics firm's vehicles were damaged in a fire, and we can no longer fulfill our orders. How quickly will the insurance pay out?

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 have finished processing your claim.
What do "underinsurance" and "overinsurance" mean?

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.