DESCRIPTION

We guarantee security for any business risk. In an intense and competitive environment, the entrepreneur is called upon to invest large amounts of funds in both infrastructure and the equipment of the company to remain competitive and at the same time complying with laws and regulations.

We offer comprehensive solutions which ensure protection for your investment as well as the continuation of business. Although not required by law it is wise to insure this investment in every possible way in order to ensure its continuation.

The new and innovative Business Shield Insurance policy offers complete insurance coverage for complicated risks that might arise.

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COVERAGE

Basic cover:

Against all risks – property damage:

• Buildings
• Machinery and equipment
• Merchandise/inventory/raw materials

Extensions:

• Accidental damage in underground services
• Accidental glass breakage
• Removal of ruins
• Compensation of Architects and Engineers
• Relocation expenses
• Loss of rent
• Loss of water meter
• Detection and access to water leakage or fuel
• Replacement of locks

Additional cover:

• Money
• Relocation of merchandise
• Employer liability
• Civil liability and product liability
• Alteration of products
• Personal Accidents
• Dishonesty of the employees
• Limit for each and every employee €160.000
• Limit per event or series of events €3.415.000
• Aggregate limit during any one period of insurance €5.125.000

DESCRIPTION

Our Public Liability Insurance policy compensates third parties for any damage caused to their property or bodily injury caused to themselves as a consequence of the carelessness of the insured or his employees.

Public Liability Insurance is aimed at the following groups:

• Shop owners
• Hoteliers
• Commence and industry
• Professionals

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COVERAGE

Public Liability Insurance provides protection for the insured against his Legal Liability for bodily injury, death, loss or damage or destruction of third party property that he may have caused due to his own negligence.

DESCRIPTION

There is always the chance that something unexpected could take place whilst travelling abroad.

It is in our hands to deal, in the best possible way, with incidences that could interrupt your vacation.

For instance there is the possibility of your luggage being delayed or even lost, a flight being delayed or a medical emergency/accident may occur. These unexpected events are often harder to deal when they happen abroad.

Our company can offer a comprehensive Travelling Insurance Policy for your peace of mind, “Travel Shield”. The innovative policy covers and protects individuals from small inconveniences such as delay in the arrival of luggage to more serious unexpected events like health problems during their trip.

Travel Shield is intended for individuals, groups, families and business executives.

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COVERAGE

Features & Covers:

• Personal accidents
• Medical expenses due to an accident or disease
• Transportation expenses and accommodation of the attendant in case of hospitalization
• Medical transport of patient
• Emergency supply of medicine
• Emergency dental treatment
• Interruption, delay or cancellation of travel
• Loss or delay in the arrival of luggage
• Compensation of rescue expenses

DESCRIPTION

Money

The term Money shall be deemed to mean and to include cash and/or any other financial instrument that is easily convertible into cash. Note that foreign currency shall be equivalent to local currency at the prevailing Central Bank Mean rate at the time of loss.

Business Hours

The period during which the Insured’s business premises as specified in the schedule are actually occupied for business purposes and during which the Insured or his employees entrusted with Money are within the premises.

Excess

The amount the Insured must bear as the first part of each and every claim made.

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COVERAGE

This insurance policy will provide indemnity following the theft or loss of money whilst:

• In Transit or in a bank's night safe;
• On the Premises during business hours;
• On the Premises outside business hours;
• On the Premises whilst contained in a Locked Safe or Strongroom;
• At an Authorised Person's residence;
• Damage to Safes and Strongrooms;
• Fraud or dishonesty by employees.

“Money”

means cash, notes, cheques, postal notes, post office money orders, negotiable securities, stamps.

This description is issued as a matter of information only and for full terms and conditions you should refer to the policy wording.

DESCRIPTION

Multicare International Health Plan, the best selling health scheme in Cyprus, was developed in association with AXA PPP healthcare, one of the largest health insurance companies of the UK with more than 60 years of experience and more than 2 million insured people all over the world.

Multicare International Health Plan is a diverse product with 4 different options, one of which is offered only to students.

Primarily the annual maximum level of cover distinguishes the plans:

• Plan A has a yearly maximum of €2.000.000 per person
• Plan B provides maximum cover of €100.000 per person
• Plan C provides an overall annual maximum of €40.000 per person
• Student care, that is offered to all students in Cyprus and abroad, has an annual limit of €100.000

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COVERAGE

All of our plans offer the following covers:

• Comprehensive cover: which provides cover for both In-patient and Out-patient expenses
• Standard cover: which provides cover for In-patient expenses only.

A further differentiation, which applies to all our plans, is the area of cover:

• Area 1 which provides cover for the whole world
• Area 2 which provides cover for the whole world excluding the USA, Canada and Switzerland.

Other important characteristics of Multicare:

• Multicare is a truly international health plan
• Outside area of cover
• International emergency medical assistance
• Pregnancy
• Health screen
• Parent accommodation
• Ambulance transport
• Nursing-at-home

Basic benefits:

• Full compensation of claims All your medical claims are paid in full up to the limit shown in your plan, as long as these are included within the benefits of your chosen plan and are considered to be reasonable and customary.
• Cover for diagnostic procedures and alternative medical treatment With Multicare you are covered for Medical practitioner charges, consultations and treatment, diagnostic procedures, physiotherapy, chiropractic treatment, homeopathy and osteopathy, psychiatry and accidental damage to teeth.
• Cover for newborn babies.

Multicare offers cover for newborn babies as long as they join their parent’s plan within three months of their day of birth.

DESCRIPTION

Under the Immovable Property Law a building under Joint ownership is one consisting of at least five units.

Every jointly-owned building is registered as such with the Land Registry. Buildings with fewer than 5 units may also be considered as jointly-owned under certain conditions.

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COVERAGE

A jointly-owned building consists of two parts firstly, there are the individual units (apartments, houses, etc.); secondly there is the rest of the property which generally includes common-areas (corridors, garden, yard, pool), staircases, roof, foundations, electrical installation, plumbing system, engine room and some common and main walls.

For your information, every jointly-owned building must have a Management Committee.

The committee has legal standing and may sue (and may be sued) in relation to any matter concerning the property. For this reason, it is important that the Management Committee is covered for both Public and Personal Liability. For, if a claim is made against it in a ‘civil wrong’ suit, the owners may face the bill for damages; if a claim is made against an individual member due to lack of care, for instance, the individual member may personally face a claim for damages. The committee has an obligation under the law to insure and always keep insured the entire jointly-owned building (not just the common areas) against fire, lightning and earthquake with a licensed insurance company and to pay the premium.

DESCRIPTION

The Professional Indemnity Insurance policy safe guards the professionals in their trade against a financial loss which could occur as a result of its legal liability to third parties for professional misconduct as a result of negligence, error or omission.

Obliged by Cypriot Law for:

• Lawyers
• Insurance Agents
• Estate Agents

Also available for:

• Architects & Consulting Engineers
• Surveyors
• Certified Auditors & Accountants
• Miscellaneous Directors
• Doctors

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COVERAGE

Obliged by Cypriot Law for:

• Lawyers
• Insurance Agents
• Estate Agents

Also available for:

• Architects & Consulting Engineers
• Surveyors
• Certified Auditors & Accountants
• Miscellaneous Directors
• Doctors

DESCRIPTION

According to the Labour Laws of the Republic of Cyprus, it is stated that all employers who have operations in the Republic of Cyprus are obliged (as at 01/11/1997) to have Insurance cover in place with an authorized and licensed Insurance company against their liability in the event of an accident or occupational sickness encountered by any of their employees that may have been caused from and during their time of employment at their employer.

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COVERAGE

The minimum limits of indemnity that are required under the law are as follows:

• Limit for each and every employee €160.000
• Limit per event or series of events €3.415.000
• Aggregate limit during any one period of insurance €5.125.000

The above limits of indemnity may not be sufficient given the ever increasing demands and compensations that are currently being awarded, hence we offer the facility to increase the limits of indemnity subject to underwriting of the risk and offering such increased limits in order to satisfy the employer.

DESCRIPTION

All foreigners, either non-EU citizens or international, who are employees, visitors or students are obliged by the law to have Health Insurance in order to register with the Immigration Authorities in Cyprus.

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COVERAGE

This insurance policy is aimed to cover housemaids (domestic helpers), visitors, farmers or any other occupation. In addition, all University and College students. Cover includes expenses for medical visits & medication, in-patient and out-patient treatment, daily hospital accommodation & childbirth. It also covers expenses to repatriate the corpse of the insured back to their own country.

DESCRIPTION

Our Personal Accident cover offers protection to each and every one of us in the event of a loss that may arise from an accident that could occur either at the workplace or at home or elsewhere, even whilst abroad.

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COVERAGE

In case of an accident we will pay out compensation as preselected by the insured to suit budget and needs for the following:

• Death
• Permanent Total Disability
• Temporary Total Disability to work up to a period of two years
• Cover medical expenses either at a private clinic or hospital

The following may be insured:

• Persons between the ages of 16-65 who may or may not be working
• Legal residents of the Republic of Cyprus
• Employees who required Personal Accident for their employees or their executives under a group personal accident policy