My Business (Hotels/ Rooms for rent)

Business insurance (Rooms for rent/Hotels max capacity of 100 rooms) for owners and tenants, through “My Business” programs, offered by ERGO Insurance Company to Piraeus Financial Holding group customers. Covers the building shell and or content of your business property.
WHAT IT COVERS
  • Fire insurance for the building shell and / or content
  • Additional coverage for comprehensive asset protection, depending on the plan you opt for
DURATION
1 year
With an option to renew
PREMIUM PER YEAR
Frequency of payment semesterly or yearly
OTHER FEATURES
  • Low premiums and discounts
  • Optional coverage
  • Choice of program either with deductible or without (excluding earthquake coverage and employer liability)
WHAT IT COVERS
  • Fire insurance for the building shell and / or content
  • Additional coverage for comprehensive asset protection, depending on the plan you opt for
DURATION
1 year
With an option to renew
PREMIUM PER YEAR
Frequency of payment semesterly or yearly
OTHER FEATURES
  • Low premiums and discounts
  • Optional coverage
  • Choice of program either with deductible or without (excluding earthquake coverage and employer liability)

How you benefit

Insurance tailored to your needs

My Business refers to owners and tenants, whether they are individuals or companies. 3 insurance plans are available, Advanced Plus, Total Plus & Superior Plus, offering basic and optional forms of coverage.


  • New for old value insurance for building (up to 50 years old) and for equipment (up to 5 years old)
  • Optional theft coverage on all insurance packages
  • Possibility of coverage with or without deductibles in all insurance programs (except earthquake coverage and employer liability coverage)
  • Underinsurance protection
  • In case of non-operation of the business, provision of financial support as a loss of profits
  • Earthquake coverage based on the area for better pricing


Low premiums and discounts

My Business is offered in affordable & competitively priced premiums. In addition, in all 3 insurance packages Advanced Plus, Total Plus & Superior Plus you can secure a discount based on the year of manufacture.


Discount table

Year of construction Discount
Constructions between 1995-2004
  
-5%
Constructions between 2005-2014
  
-10%
Constructions between 2015 and after
  
-15%



Interest free installments

You can pay your premiums up to 12 monthly installments by a Piraeus Bank credit card.


Contracts issued immediately

It takes no time to get from insurance quote to having the contract issued and paid for. Then simply pick up your policy at the branch of Piraeus Bank that you prefer.


Coverage

My Business comes in 3 versions: Advanced Plus, Total Plus & Superior Plus. Τhe standard and the optional coverages of each packet are formed in accordance with the terms and conditions of your contract. Indicative:


Basic coverage Advanced Plus Total Plus Superior Plus
Fire
   
  
  
Lightning
   
  
  
Smoke
   
  
  
Explosion
Includes own damages of exploding object
   
  
  
Forest fire
   
  
  
Falling aircraft
   
  
  
Collision with third party vehicles
   
  
  
Terrorist acts
   
  
  
Uprisings, strikes, riots and Malicious acts
   
  
  
Broken outdoor windows
3% of the total insured capital with a maximum amount of € 3,000
   
  
  
Architect’s / engineer’s fees and license fees
20% of the insured building capital with a maximum amount of 20.000 €
   
  
  
Rubble collection
5% of the total insured capital
   
  
  
Unintentional underinsurance 10%
   
  
  
New for old value
in buildings up to 50 years & in equipment up to 5 years old
   
  
  
Damage reduction costs
included in the insured capital
   
  
  
Flood, storm, squall, snow, hail
      
  
Leaking pipes
      
  
Water pumping costs
3% of the insured capital with a maximum amount of 3.000 €
      
  
Cost of works to investigate damage to the pipe itself for buildings up to 30 years old.
5% of the insured building capital with a maximum amount of 5.000 €
      
  
Falling trees, lamp-posts by accident
      
 
Signs / Labels cover from covered risk
1% of the total insured capital with a maximum amount of 10.000 €
      
 
Civil Liability from covered risk
      
  
General Third Party Liability
20% of the insured content capital with a maximum amount of 50.000 €
            
     
  
Personal Accident of the Insurance’s Holder
on business premises
                  
  
Compliance with regulations
20% of the insured building capital with a maximum amount of 15.000 €.
                 
  
Loss of Profits (financial aid)
10% of the insured content capital with a maximum amount of 50.000 € and a maximum compensation period of 90 days.
                  
  
Relocation expenses
                  
  
Temporary transfer after damage
The rescued items at the relocation site are covered by a covered risk.
                  
  
Coverage in Business’ premises, objects for exhibition, processing, remaking
                  
  
Storage costs after covered damage
1% of the insured content capital with a maximum amount of € 5,000
                  
  
Hold up
1% of the insured content capital with a maximum amount of 5.000 €
                  
  
Customer information costs
2% of the insured content capital with a maximum amount of € 10,000
                  
  
Loss of rent for the owner
10% of the insured building capital
                  
  
Temporary transfer after damage
The rescued items at the relocation site are covered by a covered risk.
                  
  




Optional Coverage Advanced Plus Total Plus Superior Plus
Content theft
   
  
  
Quality alteration (3.000 €, 6.000 €, 10.000 €)
   
  
  
Short circuit without fire (5.000 €)
   
  
  
Earthquake * (with a 2% deductible on the insured capital)
   
  
  
Safe burglary or robbery (10.000 €)
   
  
  
Money transfer robbery (10.000 €)
   
  
  
Employer civil liability companies up to 5 employees) up to 15,000 € and 3 days deductibles
      
  
Legal Protection (3.000 €)
   
  
  



*Earthquake can optionally be given in the same policy, only for the building or only for the content or for building and content together.

Piraeus Financial Holdings SA, as an insurance intermediary, carries out the activity of distribution of insurance products, in the name and on behalf of the insurance companies with which it maintains cooperation.