Business closure insurance

Business closure insurance protects companies against the financial consequences of an officially ordered business closure.

Lifeline for companies

Business closure - are you ready for the unpredictable?

An unexpected business closure can cause companies to falter. Whether due to official orders, hygiene deficiencies or other unforeseeable events - business closure insurance ensures that you remain firmly in the saddle even in turbulent times.

Facts & Figures

0 € a single closure can cost

0 % of businesses do not survive a prolonged closure without insurance

0 Mrd. € can cause plant closures due to damage

Your advantages at a glance

Business closure insurance protects your company, organization or institution from the economic consequences of an unexpected closure. It ensures that your finances remain stable while you can concentrate on reopening quickly.

Restart cost recovery

Covering the costs of restarting operations

Compensation for production losses

Assumption of costs in the event of production downtime

Reimbursement of rental costs

Assumption of costs for rental and lease agreements

Stability

Maintains operational stability in crisis situations

FAQ on business closure insurance

We have summarized the most frequently asked questions about business closure insurance for you in our FAQ. Our experts will also be happy to provide you with individual advice.

Why is business closure insurance important?

An officially ordered business closure can lead to significant financial losses, as costs such as salaries, rent and loan payments continue while income is lost. Business closure insurance offers financial protection and helps to cope with the economic impact of a business closure.

What reasons can lead to a business closure?

Health reasons: Outbreak of infectious diseases (e.g. COVID-19, norovirus) or other health hazards
Hygienic reasons: Deficiencies in hygiene, pest infestation or contamination of food
Safety reasons: Violation of fire safety regulations or other safety deficiencies
Environmental reasons: Violations of environmental regulations, e.g. illegal disposal of waste or contamination of soil and water
Building law reasons: Use of buildings or rooms without the appropriate permits or violations of building regulations

What damage is covered?

Business closure insurance typically covers the following losses:

Loss of revenue resulting from the closure of the business
Ongoing fixed costs: costs such as salaries, rent, loan payments and other ongoing operating expenses
Disinfection costs: costs for cleaning and disinfecting the business premises if this is ordered by the authorities

What is not covered?

As a rule, the following are not covered

Intentionally caused business closures
Damage caused by gross negligence on the part of the policyholder
Business closures that were not ordered by the authorities
Damage caused by war, civil unrest or nuclear events
Damage caused by normal business interruptions without an official order

Who needs business closure insurance?

Catering businesses: restaurants, cafés, bars and similar establishments
Retailers: stores and stores that rely on regular opening hours
Service companies: Hairdressers, beauty salons, fitness studios and similar businesses
Manufacturing companies: Factories and production facilities that may be affected by official closures

Are there special insurances for certain industries?

Yes, there are specialized business closure insurance policies that are tailored to the specific risks and requirements of different industries, such as catering, retail, trade or service companies.

What are typical exclusion clauses?

Intentionally caused business closures
Damage caused by grossly negligent behavior
Business closures that were not ordered by the authorities
Damage caused by war, civil unrest or nuclear events
Damage caused by normal business interruptions without an official order

ecsolutions

Solutions rethought! With our ecsolutions, we offer you complete ecosystems that include more than just insurance. Here, experts with in-depth know-how advise you individually on your situation and your specific needs and provide you with comprehensive support in the form of tailor-made services and products.