My Business (store /office /doctor's office)

Business insurance (store, office, doctor’s office) for owners and tenants, through “My Business” programs, offered by ERGO Insurance Company to Piraeus Bank 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 €)

    
    
    
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.



Pricing examples

Office Advanced Plus
Without theft coverage
Total Plus
With theft coverage
Superior Plus
With theft coverage
  
Insured Building Capital
    
100.000 €
    
100.000 €
    
100.000 €
  
Insured Content Capital
    
50.000 €
    
50.000 €
    
50.000 €
Total Annual Premiums
with deductibles (*)
    
81 €
    
137 €
    
159 €
Total Annual Premiums
without deductibles (*)
    
94 €
    
193 €
    
210 €

* The above insurance premiums are indicative and concern ground floor building, construction of 1985, building and roof made of reinforced concrete roof, in Attica.


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.