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CORPORATE PROPERTY

PROPERTY INSURANCE

Property insurance stands as a critical pillar in guaranteeing the uninterrupted flow of company operations. Each day, we face the potential threats of fires, natural disasters, technical mishaps, and unforeseen accidents that can disrupt production and business workflows. By securing property insurance, we proactively shield ourselves from the adverse financial repercussions of such unforeseen events.

WHAT CAN BE INSURED?

  • Buildings and structures,

  • Business centers,

  • Production areas, factories,

  • Office premises, including office property,

  • Shopping centers,

  • Production devices and equipment, production lines,

  • Industrial equipment,

  • Warehouses and warehouse goods,

  • Apartments, houses, cottages, including interior decorations,

  • Non-residential premises: garages, basements,

  • And so on.

WHAT RISKS CAN BE INSURED?

OPTION 1 – Insurance from the specified risks

  • Fire,

  • Explosions, including the explosion of domestic gas,

  • Damages from water (drainage, heating systems, fire protection systems),

  • Natural disasters: earthquakes, storms, hurricanes, lightning strikes, flood, natural hazards, including precipitation, hail, rain, snow,

  • Illegal actions of third parties – theft, robbery, robbery, deliberate destruction of property,

  • Mechanical injuries – collision of a vehicle, falling of flying objects or their parts, cargo, trees, and other things,

  • Short circuit,

  • A number of additional risks according to the insurance rules.

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OPTION 2 – Insurance from all risks

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The property is insured against all possible risks, with the exception of unprotected risks established by the Rules.

In addition to the classic risks of property insurance, EFES also offers:

  • Business interruption insurance,

  • Machinery breakdown insurance.

REINSURANCE

One of the main advantages of EFES is the wide range of reinsurance partners. We cooperate with the world’s leading reinsurance companies.

HOW IS THE INSURANCE REIMBURSEMENT DONE?

The Insured should inform the specialists of EFES ICJSC in due time after the occurrence of the accident, who will give instructions to the former on necessary actions to be initiated. In order to receive insurance compensation in the event of an accident, the Insured or the Beneficiary must submit an application for compensation and the necessary documents for the settlement of the application. Within 30 (thirty) business days after receiving the documents, EFES ICJSC is obliged to pay the insurance compensation or justify the full or partial rejection of the application.

 

The terms of payment of compensation are defined by the insurance contract or rules and may include:

  • replacement of damaged property,

  • repair,

  • monetary compensation (can be provided in cash or by transfer).

OUR ADVANTAGES

  • Attachment of a professional specialist to each client – our corporate customer service specialists are Relationship managers, assigned to individual clients and are their contact person in EFES,

  • Individual approach to each client,

  • Consolidation of main and additional risks and services,

  • Flexible pricing system,

  • Superior and fast service,

  • A simple documentation process,

  • Risk reinsurance.
     

HOW MUCH DOES PROPERTY INSURANCE COST?

You can get a quick insurance premium quote by contacting our specialists at info@efes.am.

​HOW TO PURCHASE PROPERTY INSURANCE

To purchase a contract you simply need to:

  • Visit one of the offices company,

  • Contact +374 (10) 700 800,

  • Send a request to EFES official email address info@efes.am.

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