My Business Advanced & Total

Business insurance (hotel) for owners and tenants offered by ERGO Insurance Company to Piraeus Group Financial Holdings 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
  • Maximum deductible
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
  • Maximum deductible

How you benefit

Insurance tailored to your needs

My Business refers to owners and tenants, whether they are individuals or companies. 2 insurance plans are available Advanced & Total, offering basic and optional forms of coverage. Choose the plan that suits your needs, preferences and pocket.


Low premiums and discounts

My Business is offered in affordable & competitively priced premiums. Discounts are available for both insurance plans depending on the overall capital insured.


Insured capital Discount
Up to €50,000
 
0%
From €50,001 to €100,000
  
10%
From €100,001 to €150,000
  
15%
From €150,001 to €200,000
  
20%
From €200,001 to €500,000
  
25%


Interest free installments

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


Maximum deductible

A maximum deductible is set for each My Business Insurance plan. That means that right from the outset you know what you need to pay in the event of damage. Your insurance will cover the rest.


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.


Damage Restoration in the value of new one

In case of a damage of anticipated risk to the building or the contents of your Business Property, the compensation you will receive is calculated based on the amount required to reconstruct like new ones or replace with new ones, at the time of the damage, in the same place.

Coverage

Basic coverage

My Business comes in 2 versions: Advanced & Total. The standard and the optional coverages of each packet are formed in accordance with the terms and conditions of your contract. Indicative:


Basic coverage Advanced Total
Fire, Lightning-induced fire
Exploding appliances and facilities,
Falling aircraft
     
    
Widespread explosions
     
    
Falling trees, lamp-posts
     

    
               
Forest fire
     
    
Collision with third party vehicles
     
    
Terrorist acts
     
    
Uprisings, strikes, riots
     
    
Malicious acts
     
    
5% Leeway clause
    
    
Rubble collection
     
    
New for old value
     
    
Architect’s / engineer’s fees and license fees
          
Flood, storm, squall, snow, weight of snow, hail, frost
          
Water pumping costs
         
Leaking pipes and sewers
          
Fire-induced short-circuits
          
Broken outdoor windows, up to €5,000
          
Material damage, third party civil liability following insured risk
          
Tenant’s civil liability following insured risk
          
Relocation expenses
          
Theft
          
Theft-related damage to building
          
Loss of rent
          
Guarding Expenses
          
Damage minimization costs
          
Hold up
          
Money transfer
          
Damage to central heating boiler from insured risk
          
Damage to objects on outside of building from insured risk
          
Fixed expenses cover
          
Earthquake
     
OC
     
OC


OC: Optional Coverage

Deductibles

Maximum deductible

My Business sets a maximum deductible so you know from the outset how much you will have to pay out in the case of damage or loss. The deductible depends on the coverage you have and the risks insured:

  • A 2% deductible applies to the insured value per incident, in the case of earthquake coverage

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.