Property insurance for companies

Clean-up and disposal costs covered at no extra cost

Sector-specific modules

10% combination discount with liability insurance

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Key points at a glance

Comprehensive protection: Property insurance (or movables insurance) protects your company's physical assets and – like private household contents insurance – covers the costs of water or fire damage to your warehouse, IT infrastructure or factory, for example.
Effective protection against unforeseen events: Property insurance offers comprehensive coverage for damage caused to property by fire, natural hazards, theft or water, for example as a result of fires, lightning strikes or flooding.
Financial compensation for business interruption: Property insurance covers loss of earnings due to insured property damage (e.g. for renting additional space).

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Sales advice: 052 269 21 70

Who needs AXA property insurance?

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.

Is property insurance mandatory?

Apart from the obligation to insure against fire and natural hazards 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 hazards: 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 that force has been used in any way.
Water: The forms of water damage insured include the effects of fluids such as water 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'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.

Downloads

Property Insurance Businesses – General Insurance Conditions (GIC) [.pdf , 259KB]

Frequently asked questions

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.