Property Insurance for Businesses
Key Points at a Glance
- Protection for buildings, furnishings, merchandise, and electronics
- Coverage for fire, water damage, storms, burglary, and other risks
- Can be expanded to include technical protection and loss of income
- Modular design – tailored to each industry and company size
- Financial Protection Against Property Damage and Consequential Costs
Why Property Insurance Is Important for Businesses
Property damage can affect any business, whether due to fire, water damage, or burglary. It is not only natural disasters such as storms or floods that pose a threat to a business. Often, it is minor technical malfunctions—such as a short circuit in a machine or an overheated charging battery—that cause serious damage to buildings, equipment, or inventory overnight.
Our Palatina property insurance protects businesses from the financial consequences of such events.
It safeguards physical assets and ensures business continuity, from small craft businesses to manufacturing companies.
What does property insurance cover?
Property insurance protects against the most significant risks affecting buildings and business equipment. These include:
- Fire and Explosion: Damage Caused by Fire, Lightning, or Implosion
- Tap Water: Pipe Breaks, Frost Damage, or Water Damage
- Storms and Hail: Weather-Related Damage to Roofs, Facades, or Contents
- Burglary and Vandalism: Damage and Losses Following a Break-in
Depending on your needs, the policy can be expanded to cover, for example, electronic equipment, machinery, or technical devices.
Difference Between Building and Contents Insurance
Building insurance covers damage to the company building—that is, to the roof, walls, or permanently installed fixtures.
Contents insurance, on the other hand, covers movable property such as machinery, merchandise, tools, and office equipment.
Both components form the basis of business property insurance.
Our Palatina policy combines them into a single contract. This reduces administrative burden and prevents duplicate coverage.
Supplemental Coverage for Business Interruption
A fire or water damage can lead to a production shutdown. However, operating costs continue to accrue.
In such cases, the optional loss of earnings insurance covers lost profits as well as ongoing fixed costs such as wages, salaries, and rent.
Our Palatina offers supplementary coverage modules designed to ensure financial stability until operations resume.
This combines property and loss-of-income risks into a comprehensive protection plan.
Services at a Glance
Service Area
Description
Building Insurance
Protection for company buildings against fire, tap water, storms, and hail
Contents Insurance
Protection of furnishings, merchandise, inventory, and equipment
Enhanced Natural Disaster Protection
Protection against flooding, earthquakes, and snow load
Loss of Earnings Insurance
Compensation for Business Interruption Following Property Damage
Combination with technical insurance
Today, many types of damage also affect electronic equipment, machinery, and IT systems.
Technical insurance provides a sensible way to supplement coverage for these risks.
A combined insurance policy reduces interface issues and speeds up the claims settlement process—especially for complex production facilities or digitized processes.
Prevention and Risk Management
Palatina also provides preventive support to businesses. Through risk analyses, fire safety consulting, and technical inspections, hazards can be identified and mitigated early on. This reduces premiums in the long term and enhances operational safety.
Real-world example
An electrical malfunction at a production facility caused a fire that destroyed large portions of the inventory.
Thanks to our Palatina property insurance, the buildings and machinery were quickly repaired.
The supplemental business interruption insurance covered the loss of revenue and ongoing fixed costs during the restoration process.
Consulting and Services
Our experts will provide you with personalized advice on all coverage options—from traditional property insurance to combinations with equipment breakdown and loss of earnings insurance. You can schedule a consultation directly using our contact form.
FAQ on Property Insurance
What is property insurance for businesses?
It protects company buildings, equipment, and merchandise from property damage caused by fire, water, storms, burglary, and other hazards.
What types of coverage are included in property insurance?
Building insurance, contents insurance, and—as a supplement—loss of income insurance.
When does the insurance not cover a claim?
Exclusions apply in cases of willful misconduct, war, nuclear energy, or lack of maintenance.
How is the sum insured determined?
It is based on the replacement value of the insured property.
Can property insurance be expanded?
Yes. Depending on your needs, the coverage can be expanded to include technical risks or natural hazards.
Head of Corporate Insurance Lines
Phone 06233 51190-34
stefan.walter@palatina-service.com
Phone 06233 51190-34
stefan.walter@palatina-service.com
Personalized advice. Individualized support.
If you’re looking for a reliable partner for property insurance, Stefan Walter is here to provide expert guidance. Together, we’ll analyze your individual needs and develop tailored solutions—transparent, easy to understand, and on equal footing.
Get in touch with us
At Palatina, we’re committed to providing personalized service—and that starts with your very first contact. Whether you have a specific inquiry or would simply like to learn more with no obligation, we’ll take the time to address your needs and work with you to find the best way to move forward.