Business Insurances
Business star
A Business Star insurance package is a comprehensive solution tailored to meet the diverse needs of businesses in Cyprus. This policy is specifically designed to provide extensive coverage, ensuring that various aspects of a business's operations are protected.
Key Features of the Business Star Package:
Fire Coverage: Protection against damages resulting from fire incidents, safeguarding physical assets and premises.
Loss of Profits: Compensation for income loss due to interruptions caused by covered events, helping businesses maintain financial stability during recovery periods.
Public Liability: Coverage for legal liabilities arising from third-party bodily injuries or property damage occurring on business premises or due to business operations.
Product Liability: Protection against claims related to damages or injuries caused by products supplied or manufactured by the business.
Employer's Liability: Coverage for legal responsibilities towards employees who may suffer work-related injuries or illnesses.
By integrating these coverages, the Business Star package offers a robust safety net, allowing business owners to focus on growth and operations with confidence.
For more detailed information on the Business Star insurance package, including specific terms, conditions, and customization options, businesses are encouraged to consult with Orthodoxou Insurance representative.
Professional indemnity insurance
Orthodoxou Insurance offers Professional Indemnity Insurance policies designed to protect professionals in Cyprus against legal liabilities arising from errors, omissions, or negligence in the performance of their professional services. This coverage is essential for safeguarding one's professional reputation and financial stability.
Key Features of Professional Liability Insurance:
Comprehensive Coverage: Protection against claims alleging professional negligence, errors, or omissions that result in financial loss or damages to clients.
Legal defence Costs: Coverage for legal expenses incurred in defending against covered claims, regardless of their merit.
Financial Protection: Indemnification for settlements or judgments awarded to claimants, up to the policy limits.
Customized Solutions: Tailored coverage options to meet the specific needs of various professions, ensuring relevant and adequate protection.
For more detailed information on coverage options, policy terms, and additional benefits, professionals are encouraged to consult with Orthodoxou Insurance representative.
Employer’s liability insurance
Orthodoxou Insurance offers Employer Liability Insurance policies designed to protect employers in Cyprus against legal liabilities arising from employee injuries or illnesses sustained during the course of employment. These policies aim to cover compensation costs and legal expenses associated with workplace incidents, ensuring businesses comply with legal obligations and safeguard their financial stability.
For more detailed information on coverage options, policy terms, and additional benefits, employers are encouraged to consult with Orthodoxou Insurance representative.
Public liability insurance
Orthodoxou Insurance offers Public Liability Insurance policies designed to protect businesses and professionals in Cyprus against legal liabilities arising from accidental injuries or property damage to third parties. This coverage is essential for safeguarding a company's financial stability and reputation when unforeseen incidents occur during business operations.
Key Features of Public Liability Insurance:
Comprehensive Coverage: Protection against legal liabilities for bodily injuries, death, or property damage sustained by third parties due to the insured's negligence or that of their employees.
Legal Defence Costs: Coverage includes legal expenses incurred in defending against covered claims, regardless of their merit.
Tailored Solutions: Policies can be customized to meet the specific needs of various businesses and professionals, ensuring relevant and adequate protection.
Financial Security: Indemnification for compensation costs awarded to third parties, up to the policy limits, helping to maintain the financial health of the insured entity.
For more detailed information on coverage options, policy terms, and additional benefits, businesses and professionals are encouraged to consult with Orthodoxou Insurance representative.
Fire safety insurance
Orthodoxou Insurance offers Fire Safety Insurance policies designed to protect individuals and businesses in Cyprus against financial losses resulting from fire-related incidents. This coverage ensures that property owners can recover and rebuild with minimal disruption following such unforeseen events.
Key Features of Fire Safety Insurance:
Property Damage Coverage: Protection against damages to buildings, contents, and other assets caused by fire, lightning, or explosion.
Debris Removal: Coverage for expenses related to the removal of debris following a fire incident, facilitating prompt site clearance and restoration.
Alternative Accommodation: Financial assistance for temporary housing or business premises if the insured property becomes uninhabitable due to fire damage.
Public Liability: Coverage for legal liabilities arising from accidental bodily injury or property damage to third parties resulting from a fire originating on the insured premises.
For more detailed information on coverage options, policy terms, and additional benefits, individuals and businesses are encouraged to consult with Orthodoxou Insurance representative.
Goods in transit insurance
Orthodoxou Insurance offers Goods in Transit Insurance policies designed to protect businesses in Cyprus against potential losses or damages to goods during transportation. This coverage ensures that goods are safeguarded from various risks while being transported by land, sea, or air, providing businesses with financial security and peace of mind.
Key Features of Goods in Transit Insurance:
Comprehensive Coverage: Protection against a wide range of risks, including theft, accidental damage, fire, and collision, ensuring that goods are covered throughout the transportation process.
Flexible Policy Options: Tailored coverage to meet the specific needs of different businesses, whether for single shipments or continuous transit operations.
Financial Protection: Compensation for the value of goods lost or damaged during transit, minimizing the financial impact on the business.
Enhanced Customer Confidence: Demonstrates a commitment to safeguarding goods, thereby boosting customer trust and satisfaction.
For more detailed information on coverage options, policy terms, and additional benefits, businesses are encouraged to consult with Orthodoxou Insurance representative.
D & o management & accountability insurance
Orthodoxou Insurance offers D & O Management & Accountability Insurance, commonly known as Directors and Officers (D&O) Liability Insurance, to protect company leaders in Cyprus from personal losses due to legal actions arising from their managerial decisions. This coverage is essential for safeguarding the personal assets of directors and officers while ensuring the financial stability of the organization.
Key Features of D&O Management & Accountability Insurance:
Personal Asset Protection: Covers legal defence costs, settlements, and judgments that directors and officers may be held personally responsible for, ensuring their personal assets are safeguarded.
Entity Coverage: Extends protection to the company itself when it is obligated to indemnify its directors and officers for claims arising from their managerial decisions.
Broad Applicability: Addresses claims from various stakeholders, including shareholders, employees, customers, creditors, suppliers, and regulatory bodies, ensuring comprehensive protection.
Risk Management Support: Assists in fostering a culture of accountability and informed decision-making within the organization, contributing to overall corporate governance and stability.
For more detailed information on coverage options, policy terms, and additional benefits, businesses are encouraged to consult with Orthodoxou Insurance representative.
Travel insurance
Orthodoxou Insurance offers Travel Insurance policies designed to provide comprehensive coverage for individuals and families during their travels. These policies aim to protect against unforeseen events that may occur before or during a trip, ensuring peace of mind for travellers.
Key Features of Travel Insurance:
Trip Cancellation and Interruption Coverage: Reimbursement for non-refundable expenses if a trip is cancelled or interrupted due to covered reasons.
Medical Expenses Coverage: Coverage for medical emergencies and hospitalization costs incurred while traveling.
Baggage Loss and Delay Protection: Compensation for lost, stolen, or delayed baggage during the trip.
24/7 Assistance Services: Access to round-the-clock support for emergencies, including medical referrals and travel assistance.
For more detailed information on coverage options, policy terms, and additional benefits, individuals are encouraged to consult with Orthodoxou Insurance representative.
Personal accident insurance
Orthodoxou Insurance offers Personal Accident insurance policies designed to provide financial protection in the event of unforeseen accidents. These policies aim to support individuals and their families by offering benefits that can help cover expenses related to accidental injuries or death.
In the unfortunate event of a personal accident, policyholders are advised to promptly submit a claim form, either directly to the company or through their insurance intermediary
For more detailed information on Personal Accident insurance offerings, including coverage options and policy terms, individuals are encouraged to consult with Orthodoxou Insurance representative.
Yachts safety insurance
Orthodoxou Insurance offers Yacht Safety Insurance policies tailored to protect yacht and leisure craft owners in Cyprus. These policies are designed to provide extensive coverage, ensuring peace of mind while navigating the seas.
Key Features of Yacht Safety Insurance:
Hull and Machinery Coverage: Protection against physical loss or damage to the yacht's hull, machinery, and permanently attached equipment due to various marine perils, including collisions, grounding, and sinking.
Third-Party Liability: Coverage for legal liabilities arising from bodily injury or property damage to third parties caused by the insured yacht.
Personal Accident Coverage: Benefits for the owner and passengers in the event of accidental injury or death while on board the insured yacht.
Theft and Vandalism Protection: Coverage against loss or damage resulting from theft, attempted theft, or malicious acts.
Natural Disaster Coverage: Protection against damages caused by natural phenomena such as storms, hurricanes, or earthquakes.
Emergency Assistance Services: Access to 24/7 support for emergencies, including towing and salvage operations.
For more detailed information on coverage options, policy terms, and additional benefits, individuals are encouraged to consult with Orthodoxou Insurance representative.
All-risk contractors insurance
Orthodoxou Insurance offers Contractors' All Risks (CAR) Insurance, a comprehensive policy designed to protect construction projects in Cyprus against a wide range of risks during both construction and maintenance phases. This coverage ensures that contractors, project owners, and other stakeholders are safeguarded against unforeseen events that could lead to financial losses.
Key Features of Contractors' All Risks Insurance:
Comprehensive Coverage: Protection against sudden and unforeseen physical loss or damage to the insured construction works, including permanent and temporary structures, materials, and equipment on-site.
Third-Party Liability: Coverage for legal liabilities arising from accidental bodily injury or property damage to third parties occurring in connection with the execution of the insured contract.
Debris Removal: Covers expenses related to the removal of debris following an insured event, facilitating prompt site clearance and continuation of work.
Maintenance Period Coverage: Extends protection to include loss or damage occurring during the maintenance period specified in the contract, addressing issues arising after project completion.
For more detailed information on coverage options, policy terms, and additional benefits, contractors and project owners are encouraged to consult with Orthodoxou Insurance representative.
Cyber risks
Orthodoxou Insurance offers Cyber Risks Insurance policies designed to protect businesses in Cyprus against the financial and operational impacts of cyber threats. These policies aim to provide comprehensive coverage, ensuring that companies can navigate the complexities of the digital landscape with confidence.
Key Features Cyber Risks Insurance:
Data Breach Response: Coverage for expenses related to managing and mitigating data breaches, including notification costs, credit monitoring services, and public relations efforts.
Business Interruption: Compensation for income loss and additional expenses incurred due to disruptions caused by cyber incidents, such as ransomware attacks or system failures.
Cyber Extortion Protection: Coverage for costs associated with responding to cyber extortion demands, including ransom payments and negotiation expenses.
Legal and Regulatory Support: Assistance with legal fees and regulatory fines resulting from non-compliance with data protection laws following a cyber incident.
Third-Party Liability: Protection against claims arising from data breaches affecting clients, partners, or other third parties, including coverage for legal defence and settlement costs.
For more detailed information on coverage options, policy terms, and additional benefits, businesses are encouraged to consult Orthodoxou Insurance representative.
Immigrant hospital insurance
Orthodoxou Insurance offers Immigrant Hospital Insurance policies designed to provide medical coverage for immigrants in Cyprus. These policies aim to ensure that individuals have access to necessary hospital services, addressing healthcare needs during their stay in the country.
For more detailed information on coverage options, policy terms, and additional benefits, individuals are encouraged to consult with Orthodoxou Insurance representative.
Fire insurance for rental holiday accommodation
These policies typically cover buildings and contents against major risks such as fire, flood, theft, and other unforeseen events. Additionally, some policies may include coverage for loss of rent or income, which is particularly beneficial for properties that are rented out to guests.
To obtain detailed information about insurance coverage for your rental holiday accommodation, it is advisable to contact Orthodoxou Insurance directly. Our experienced team can provide personalized advice and help you select a policy that best fits your specific requirements.
When choosing insurance for a holiday rental property, consider factors such as the level of coverage for buildings and contents, liability protection, and coverage for loss of rental income. Ensuring that the policy covers periods when the property is unoccupied is also important, as holiday homes are often vacant for extended durations.
Remember, protecting your rental holiday accommodation with the appropriate insurance not only safeguards your investment but also provides peace of mind for you and your guests.
In Cyprus, renting out holiday accommodations is considered a commercial activity. Therefore, standard residential property insurance may not cover all associated risks. It's essential to have appropriate insurance coverage that includes public liability insurance with a minimum limit of €100,000, as required by the Cyprus Tourism Organization (CTO) for property rental licensing.
For comprehensive coverage, consider policies that include:
Buildings Insurance: Protects the property's structure against damage from events like fire, storms, and flooding.
Contents Insurance: Covers belongings inside the property, such as furnishings and appliances.
Public Liability Insurance: Provides protection against claims from guests for injuries or damages occurring on the property.
Loss of Income or Rent: Compensates for lost rental income if the property becomes uninhabitable due to covered damages.
It's crucial to discuss your specific requirements with an insurance advisor to ensure your policy adequately covers all potential risks associated with renting out your holiday accommodation.
