Today, entrepreneurship faces numerous unpredictable challenges. A sudden heat wave, flooding, a raging forest fire, or an unexpected event can easily disrupt normal operations. As the climate crisis escalates, so too does the associated risk. Greece, with its unique geological makeup and a long history of seismic activity (ranking as the 6th most earthquake-prone country globally), lives under the constant threat of natural disasters.
In recent years, many businesses have encountered significant setbacks, resulting not only in infrastructure damage and loss of inventory but also in reduced revenue, customer retention, and credibility. An analysis by the EAEE from 1993 to 2023 indicates that businesses experience an average of 1,514 adverse incidents annually. These statistics underscore the challenges businesses face as they strive to rebuild.
In this climate of uncertainty, securing insurance has transformed from a choice into a necessity. Insurance serves not just as a means of financial recovery but as a cornerstone of stability and resilience. It offers a protective cushion that enables businesses to handle unforeseen situations, resume operations swiftly, and mitigate financial losses. It has become integral to strategies for sustainability and growth, providing a solid foundation for ongoing value creation in unpredictable circumstances.
Furthermore, under current legislation, specific business categories may not qualify for government compensation in the event of natural disasters if they lack private insurance for properties against earthquakes, floods, and wildfires.
Protecting Business Assets
Eurolife FFH, through its My Business First plan, provides businesses with a solution to safeguard their assets from the aforementioned natural disasters and other unforeseen events like explosions or vandalism. The plan includes civil liability, loss of income, technical assistance, and legal protection, all within a customizable framework. The base package offers 14 coverage options, with an additional 6 available for enhanced protection.
In emergencies, plan holders benefit from the Emergency Intervention Service, offering immediate support 24/7, throughout the year.
Additionally, the My Business First program allows for a zero deductible on certain coverages, meaning the insured does not incur any loss costs on those protections.
Recognizing the significant needs of modern businesses, Eurolife FFH offers a comprehensive insurance portfolio alongside property protection, which includes:
Third-Party Liability Coverage
Eurolife FFH’s liability plans protect against claims from third parties arising from negligence or accidental incidents that may take place during business operations. Insured parties can select the plan that best suits their needs, with options for varying coverage limits and four preferred packages.
A Safe Workplace for Employees
Understanding that employees are the heart of any business, Eurolife FFH offers tailored Group Employee Plans and Benefits to meet diverse business needs, thereby ensuring that employers can provide essential health protection for their teams. The reimbursement process is straightforward and fast, with the added convenience of online monitoring via the EurolifeConnect app.
Digital Business Protection
With My Business Cyber Protection, organizations can secure their online operations and sensitive data effectively. This program offers comprehensive cybercrime coverage, including expenses for incident response, business interruption losses, and data recovery costs, with pricing tailored to the specific profile of the business.
Comprehensive Coverage for All Businesses
No matter the size or sector, insurance plays a crucial role in helping businesses address challenges and ensure continuity. Eurolife FFH stands committed to supporting entrepreneurs, allowing them to grow their visions with assurance and confidence.
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