Business-Insurance on Pitsas Insurance

Business insurance in Cyprus in 2025. Affordable business insurance in Cyprus.

Sat, 23 Dec 2023 00:00:00 +0000

Business Insurance in Cyprus

Also known as commercial insurance, business insurance is necessary for your company as it can protect your business from unexpected circumstances and financial losses.

In this comprehensive guide to business insurance in Cyprus, we will help you understand the various types of business insurance available on the market, and we will explain their coverages in detail.

We will also share clever tips on reducing the cost of your business insurance by comparing the most affordable business insurance contracts in Cyprus.

Business Interruption Insurance in Cyprus in 2025. A Comprehensive Guide

Tue, 18 Oct 2022 00:00:00 +0000

A fire in the building where your offices are located. A government-mandated closure of the road that clients use to reach your premises. A tree falling on the roof of your office. Such events can force you to temporarily shut down your business and lose income.

However, just because you’re temporarily closing your company doesn’t mean you must also say goodbye to the revenue it would have collected during that period. Provided you have business interruption insurance, you'll be covered for any/all income lost.

What is Business Interruption Insurance? Definition of Business Interruption Insurance

Tue, 18 Oct 2022 00:00:00 +0000

Business interruption insurance can replace lost income when a covered event forces you to temporarily shut down your business. The covered events vary policy by policy, but usually include fire, theft or vandalism, as well as natural disasters such as lightning, wind or water.

Business interruption insurance helps you in more ways than one. By replacing the income you have lost by temporarily closing down your business, it helps ensure that the short-term closure doesn’t turn into a permanent one. You can thus think of it as a life-saver for your company.

Commercial General Liability Insurance in 2025: A Complete Guide

Mon, 05 Sep 2022 00:00:00 +0000

Commercial general liability insurance is a form of business insurance that offers coverage against claims of injury, property damage, and illness filed against your organization. It mainly comes in handy to cover claims filed by members of the public against your business.

These claims could be as severe as a child hurting themselves with a defective toy you sold. Or they could be as benign as you accidentally spilling tea over a client's laptop. But since you can't predict the future, purchasing general liability insurance is your best bet.

Retroactive Insurance Coverage: What is Retroactive Coverage?

Mon, 05 Sep 2022 00:00:00 +0000

Retroactive insurance coverage refers to cover for services undertaken before the policy start date. It determines the earliest point in time from which the insurance cover applies. Any losses or incidents that occurred before this point won’t be covered by your policy.

Having said that, some policies give you the option to purchase retroactive insurance to get a cover for losses incurred before a specific date. Here’s what we’ll discuss in this article:

Commercial Crime Insurance in 2025

Wed, 31 Aug 2022 00:00:00 +0000

Purchasing commercial crime insurance should be the top priority of every organization. Especially those in which employees handle financial transactions and records. Or in which employees are trusted with copyright material, valuable client property, and sensitive documents.

A commercial crime policy protects organizations against various crimes, such as employee dishonesty, computer fraud, ransom or extortion, cyber-attacks, counterfeit money, and more. Having commercial crime insurance could thus help companies avoid potentially huge losses.

Business Insurance for small and medium-sized businesses

Fri, 18 Mar 2022 00:00:00 +0000

What is business insurance?

Business insurance is a product with which you can preserve your capital and continue operations without financial loss. Suppose you've created your life's work, built up a good customer base, and are creating competition for other companies. In that case, it's worth taking care that it doesn't collapse in an instant due to unforeseen circumstances.

Of course, many young entrepreneurs try to save their own money and don't believe there could be a fire, an accident, or someone cheating on their money. But we must agree that it is pleasant to run a business with peace of mind knowing that you're covered.

What is Business Insurance?

Tue, 28 Dec 2021 00:00:00 +0000

Business insurance is a comprehensive insurance contract that protects a company from losses and damages that may arise in the course of its business activities.

This article is available in Russian at the following link: Что такое бизнес-страхование?

Pitsas Insurances

Cyprus, Limassol

Business Insurance (FAQ)

Sat, 21 Aug 2021 16:00:00 +0000

Whether you're just thinking of starting your own business or you already own one, it can feel exciting and daunting at the same time, since you are investing both your time and money and need your venture to go well. To protect your investment, business insurance can offer you coverage that will protect you when the unexpected occurs.

1.Why do I need insurance for my business?

Starting your own business always entails some degree of risk, and as an entrepreneur you need to make sure your company's assets are protected. From property losses related to theft or fire, to liability issues where someone could threaten to sue, having the right insurance policy in place can help you recover financially when things go wrong.

Money Insurance

Sat, 07 Aug 2021 16:00:00 +0000

From profits to costs, monetary transactions affect every area and are crucial for business operations. If your business regularly handles large amounts of cash, however, you definitely need to consider how it would be affected should that money be lost or stolen. No matter how careful you are, there is always a risk when you transfer funds, whether that is through cheques, postal orders, drafts or cash. A Money Insurance policy can help set your mind at ease.

Crime Insurance

Sat, 07 Aug 2021 15:10:00 +0000

The word 'crime' is one that rings differently for each person, especially when it comes to business. While businesses only used to be in danger of in-person theft and robbery in the past, that was slowly overtaken by white collar crime events and in the more recent years, cyber crime. No matter the size, territory and business sector, however, all organisations are vulnerable to risk of fraud.

Fraud can take many forms – the theft or unauthorised transfer of cash, stocks, or other assets; forgery or alteration of negotiable instruments; receipt of counterfeit currency; computer hacking and related cyber fraud – and can continue for many years before it is discovered, often causing devastating damage to your business and its reputation. In the face of constantly changing fraud exposures, the only thing that can fully protect your company and give you peace of mind is Crime Insurance.