Business Insurance

service-businessWhether you are seeking to protect your business, its people or the place in which you work, Swiss-Sure is well positioned to offer you the advice and cover that you require. From the traditional types of business-related insurance such as Public Liability, Product Liability, Office Insurance and Employee Compensation to types of insurance that define the modern world in which we live such as Cyber & IT Risk Insurance, Swiss-Sure is able to assist. We work with some of the largest, most trusted and well-recognised names in the industry to offer businesses, companies, SMEs, corporations, institutions and organisations the cover that they require. For a more detailed overview of the various types of Business Insurance that Swiss-Sure offers check out the below or Contact Us..

Business Interruption Insurance

Business Interruption Insurance protects a business owner against losses resulting from a temporary shutdown because of fire or other insured risk.

Cyber & IT Risk Insurance

Cyber & IT Risk Insurance enables companies and businesses to protect themselves against cyber criminals, and the costs and losses incurred through data loss or violation. Cyber criminal attacks can involve botnets, denial of service (DoS), drive-by exploits, spear phishing and worms. Cyber risk insurance offers protection against business interruption loss and also first and third-party liability issues that can arise from a data breach or cyber attack. This could include for example covering expenses incurred for informing customers of such an attack; for forensic investigations completed by IT; for the restoration of damaged or destroyed data or for loss of income resulting from interruptions of operation. In addition the costs incurred in the process of crisis management and in maintaining the company’s reputation could be covered. Finally Cyber Insurance can protect against liability claims made by customers who have experienced losses as a result of the attacks and their implications.

Directors and Officers (D&O) Liability Insurance

Directors and Officers (D&O) Liability Insurance offers financial protection for company managers against the consequences of an alleged or actual “wrongful act” when operating within the scope of their duties to the company. D&O Insurance covers investigation costs, legal costs and financial losses. A policy is taken out by a company and can cover past, current and future directors and officers of a company or a subsidiary company. This is because policies can have an agreed upon, sometimes unlimited, retroactive period covering claims for wrongful acts that took place before the policy’s inception. A D&O policy does not cover the criminal, fraudulent or intentional non-compliant acts of an individual director or officer. It will generally, however, cover innocent co-defendant directors and officers.

Employee Compensation

Employee Compensation is a form of insurance purchased by employers in compliance with the Employees’ Compensation Ordinance in respect of injuries sustained by their employees as a result of an accident arising out of and in the course of employment; or in respect of occupational diseases specified in the Ordinance suffered by the employees.

Kidnap & Ransom (K&R) insurance/ Business

Kidnap & Ransom (K&R) insurance/ Business protects organizations with employees traveling overseas or those based in areas considered at risk. It includes individuals with high profiles; companies with operations that see their employees handle large amounts of cash; and those that work with sensitive information or technology. K&R insurance, as well as offering financial support in a kidnap, ransom or extortion scenario, also offers technical and advisory services to assist in properly managing a kidnapping, extortion or other crisis event. Such a service offering is essential in protecting the wellbeing of the target employee or individual as well as an organization’s assets.

K&R Insurance provides coverage for the following: hijacking; kidnap /alleged kidnap; extortion; property extortion; and wrongful detention. It offers reimbursement in the case of the following costs and events: consultant expenses; death and dismemberment; judgment, settlements and defense costs; personal financial loss, medical, rest and rehabilitation, and travel; ransom /extortion monies; and transit and delivery payments.

Office Insurance

Office Insurance provides coverage for office contents including electronic equipment, employees’ compensation, and legal liabilities.

Public Liability Insurance

Public Liability Insurance offers cover against any legal liability in the event of an individual or company being accused of negligence or malpractice which has resulted in injury, death or damage to public property.

Product Liability Insurance

Product Liability Insurance provides coverage for suppliers, retailers, manufacturers, distributors and others who manufacture or source products and then make those products available to the public. Product liability insurance protects your business against claims of damage, failure, malfunction or injury that may arise from use or consumption of your product be it for human consumption or use.

Swiss-Sure is able to offer product liability insurance products to give you the confidence that your business is protected in the event of a wide series of situations and scenarios including;

  • Sickness or illness caused as a result of consumption of food or beverages as well as vitamins or supplements that your business offers to the public
  • Damage caused by computer software supplied to the public by your company
  • Harm or injury caused by equipment supplied to the public by your company
Professional Indemnity & Liability Insurance

Professional Indemnity & Liability Insurance offers protection to those that provide advice, intermediary or other services to members of the public in a professional capacity. Those working in the following professions are amongst those that will traditionally take out Professional Indemnity & Liability Insurance: accountants, communications and technology companies, lawyers, solicitors, auditors, management consultants, insurance companies and intermediaries, medical professionals and those involved in the construction and education sectors.