The Number 1 Business Insurance Provider in Cyprus

We provide the fastest & most reliable Business Insurance in Cyprus!

Experience unparalleled efficiency and dependability with our Business Insurance services, ensuring your enterprise in Cyprus is protected swiftly and securely.

What does Business Insurance Cover?

Business Insurance encompasses a broad range of coverage options, from property damage and liability protection to employee-related risks, ensuring every aspect of your business is safeguarded.

Property Damage

Business insurance covers damage to your business property, including buildings and contents, due to events like fires, theft, or natural disasters.

Liability Protection

It provides coverage against legal claims for bodily injury or property damage caused to others by your business operations or products.

Employee Related Risks

This insurance often includes workers’ compensation, which covers medical expenses and lost wages for employees injured on the job.

My Story

Who needs Business Insurance?

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Business insurance is an essential consideration for virtually every type of enterprise, from small startups to large corporations. Whether you’re a self-employed individual, a small business owner, or running a larger organization, the right insurance policy can safeguard your business against a wide range of risks. This includes businesses in various sectors such as retail, manufacturing, technology, hospitality, and more. Even freelancers and consultants can benefit from business insurance, as it provides protection against potential legal actions, property damage, or other professional risks.

The need for business insurance extends beyond just legal compliance. It’s about ensuring the continuity and stability of your business in the face of unforeseen events like natural disasters, theft, liability claims, or business interruption. For instance, if you own a physical storefront, you’ll need insurance to protect against property damage or injuries that occur on the premises. Similarly, if you provide professional services, liability insurance can protect you from claims of professional negligence. In essence, any business that faces potential risks – which is virtually every business – can benefit from the protection that business insurance offers.

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What makes Insured Direct better?

The Problem

Traditional insurance companies often require time-consuming processes, involving physical office visits and lengthy paperwork. Customers frequently experience slow response times, limited support hours, and a lack of flexibility in managing their policies. This conventional approach can be inconvenient and inefficient for today’s fast-paced lifestyle.

The Solution

By choosing Insured Direct, you’re not just getting an insurance policy; you’re embracing a hassle-free, modern approach to insurance that saves time, offers flexibility, and provides peace of mind.

  • Super Fast & Online

  • 24/7 Support

  • Customized Coverage

  • 100% Transparent

Make your policy work for you!

Business Insurance Extras:

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Business Interruption Insurance

This extra is crucial for helping a business survive after a significant disruption. If an insured event like a fire or flood damages your premises, business interruption insurance can cover lost income and additional expenses incurred while your business is not operational. This helps maintain cash flow and supports the business until it can resume normal operations.

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Cyber Liability Insurance

With the increasing reliance on digital technology and the rise in cyber threats, cyber liability insurance has become a vital extra for businesses. This insurance covers the costs associated with data breaches, cyberattacks, and other digital security incidents. It can include coverage for legal fees, notification costs, credit monitoring services for affected customers, and even ransomware demands.

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Professional Indemnity Insurance

Especially important for businesses that provide advice or services, professional indemnity insurance protects against claims of negligence, breach of duty, or professional errors. If a client claims that your advice or service caused them financial loss, this insurance can cover legal costs and damages awarded, helping to safeguard your business’s reputation and financial stability.

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What makes customers switch to Insured Direct?

Discover our most sought-after insurance plans, offering competitive deals that cater to your specific needs. Experience swift and efficient policy delivery, ensuring you’re covered without delay.

Other Companies

  • In-store Quote

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Insured Direct

  • Online Quotes

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  • Comprehensive Coverage

  • Customised Plans

  • Green Company

  • Competitive Pricing

  • Fast Claims Processing

  • 24/7 Customer Support

  • Industry Expertise

  • Transparent Policies

  • Proactive Risk Management

  • Trusted Partnerships

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What our clients says

Read what our satisfied clients have to say about their experiences with our tailored business cover solutions.

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Frequently Asked Questions

Find answers to your most pressing questions about business insurance, helping you navigate the complexities of protecting your enterprise.

What types of business insurance are required by law in Cyprus?

In Cyprus, employers are required to have Employer’s Liability Insurance to cover injuries or illnesses that employees may suffer as a result of their work. Additionally, certain professions may require Professional Indemnity Insurance, especially those in advisory, legal, or healthcare services. Get a quote today!

Can I customise my business insurance package?

Absolutely, at Insured Direct in Cyprus, we recognise that every business is unique, with its own specific risks and needs. That’s why we offer customisable business insurance packages, allowing you to tailor your coverage to match the specific requirements of your business. Whether you’re a small startup or a larger enterprise, our flexible insurance solutions are designed to provide the protection your business needs.

Here’s how you can customise your business insurance package with us:

  1. Risk Assessment: We begin by understanding your business operations, industry, and specific risks to recommend the most appropriate coverages.

  2. Coverage Selection: Choose from a variety of coverage options, such as property insurance, liability insurance, professional indemnity, business interruption, and more. You can decide which types of coverage are essential for your business and adjust the levels of protection based on your needs.

  3. Policy Limits and Deductibles: Customise your policy limits and deductibles to find a balance that suits your risk tolerance and budget. Higher deductibles can lower your premium costs, but it’s important to choose an amount you’re comfortable paying in the event of a claim.

  4. Add-ons and Endorsements: Enhance your policy with additional coverages or endorsements that address specific aspects of your business, such as cyber liability, equipment breakdown, or goods in transit coverage.

  5. Ongoing Review and Adjustment: As your business evolves, your insurance needs may change. We encourage regular reviews of your coverage to ensure it remains aligned with your current business operations and risk exposure.

At Insured Direct, we’re committed to providing personalised insurance solutions that grow with your business. Our team of experts is here to guide you through the customisation process, ensuring you have the right protection in place to safeguard your business against unforeseen events.

Get a Business Quote Today.

What is Business Interruption Insurance, and do I need it?

At Insured Direct in Cyprus, we understand that unexpected events can disrupt your business operations, leading to financial losses. Business Interruption Insurance is designed to protect your business from such financial impacts when unforeseen circumstances prevent you from conducting business as usual.

What is Business Interruption Insurance? Business Interruption Insurance provides coverage for the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster. It’s designed to put your business in the same financial position it would have been in if no loss had occurred, covering expenses like rent, payroll, lost profits, and loan payments.

Do I Need Business Interruption Insurance? If your business operations could be significantly affected by events like fires, natural disasters, or major equipment failure, it’s wise to consider Business Interruption Insurance. This type of insurance is particularly important for businesses that rely heavily on physical locations or have a high dependency on continuous operations. Whether you’re a manufacturer, a retailer, or provide a service, if an interruption could result in a substantial financial strain, this insurance can be a crucial part of your risk management strategy.

Coverage Details:

  • Lost Income: Reimburses for the revenue your business would have earned, based on your financial records, had the disaster not occurred.
  • Operating Expenses: Covers operating expenses and other costs still being incurred by the property (based on historical costs).
  • Relocation: Pays for the expenses associated with moving to and operating from a temporary location.
  • Extra Expenses: Covers additional costs in excess of normal operating expenses that allow the business to continue operation while the property is being repaired.

At Insured Direct, we recommend discussing your specific business needs with one of our expert advisors. We can help assess your risk and determine whether Business Interruption Insurance is right for you, ensuring that your business is protected against the unexpected and can continue thriving no matter what challenges arise.

For Business Interruption insurance, you should speak directly with one of our experts.

Is Cyber Liability Insurance important for small businesses?

At Insured Direct in Cyprus, we firmly believe that Cyber Liability Insurance is crucial for small businesses in today’s digital landscape. Small businesses are increasingly reliant on digital technologies and data, making them attractive targets for cybercriminals. Cyber Liability Insurance is designed to protect your business from the financial repercussions associated with data breaches, cyber-attacks, and other online threats.

Why is Cyber Liability Insurance Important for Small Businesses?

  1. Data Breach Protection: If your business stores sensitive information, such as customer details, financial records, or personal employee data, a breach could have significant legal and financial consequences. Cyber Liability Insurance helps cover the costs associated with responding to and managing a data breach.

  2. Costs of Cyber Attacks: Beyond data breaches, cyber attacks can disrupt your business operations, leading to loss of income, which Cyber Liability Insurance can help mitigate.

  3. Reputation Management: After a cyber incident, it’s vital to maintain your business’s reputation. This insurance can cover public relations efforts and communication costs to help manage your business’s reputation post-incident.

  4. Legal Defense: In the event of lawsuits or regulatory fines due to cyber incidents, Cyber Liability Insurance can provide coverage for legal fees and settlements.

  5. Incident Response and Recovery: This insurance supports your business in quickly responding to and recovering from cyber incidents, covering costs like forensic investigations, customer notifications, and credit monitoring services for affected individuals.

Small Business Vulnerability: Small businesses might think they’re less likely to be targeted than larger corporations, but the reality is quite the opposite. Small businesses often have fewer security measures in place, making them easier targets for cybercriminals. The impact of cyber incidents on small businesses can be devastating, potentially leading to significant financial strain or even business closure.

At Insured Direct, we understand the unique challenges small businesses face in the realm of cybersecurity. We’re here to help you assess your risks and tailor a Cyber Liability Insurance policy that meets your specific needs, ensuring that your small business is protected in the digital age. Chat with us directly to get your business secured.

How does the claims process work for business insurance in Cyprus?

The claims process can vary between insurers, but generally, you’ll need to notify us as soon as possible after an incident. Provide all necessary documentation and information related to the claim, and we will assess and process your claim according to your policy terms. Submit a claim.

Do you provide Employer's Liability as a group insurance?

Yes, at Insured Direct in Cyprus, we offer Employer’s Liability Insurance as part of our group insurance solutions. This type of insurance is crucial for businesses as it provides protection against claims from employees who may suffer an injury or illness as a result of their work.

Employer’s Liability Insurance Explained: Employer’s Liability Insurance is designed to cover the cost of compensating employees who are injured or become ill due to their work. It covers legal fees, medical costs, and compensation payments, ensuring that your business can continue operations without facing significant financial burdens from these claims.

Why Choose Group Employer’s Liability Insurance?

  • Compliance with Legal Requirements: In Cyprus, having Employer’s Liability Insurance is a legal requirement for businesses. Our group policy ensures that you comply with these regulations, providing the necessary coverage for your employees.
  • Financial Protection: This insurance protects your business from potentially high compensation costs and legal fees associated with employee claims.
  • Peace of Mind: Knowing that you have this coverage in place allows you to focus on running your business, with the reassurance that you’re protected against unforeseen employee claims.

Tailored Solutions: We understand that every business is unique, and our team at Insured Direct is committed to providing tailored insurance solutions that meet your specific needs. Whether you’re a small startup or a large corporation, we can customize your Employer’s Liability Insurance to ensure comprehensive protection for both your business and your employees.

Getting Started: To learn more about our Employer’s Liability group insurance options and how they can benefit your business, please contact us at Insured Direct or get an instant quote here. Our knowledgeable team is here to provide you with detailed information, answer your questions, and help you secure the right coverage to safeguard your business and your team.

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How much does business insurance cost in Cyprus?

The cost of business insurance in Cyprus varies widely depending on several factors, including the size of your business, the industry you’re in, the coverage you choose, and your business’s risk profile. It’s best to get a tailored quote directly from us.

What is Professional Indemnity Insurance, and who needs it?

Professional Indemnity Insurance protects professionals who provide advice or services against claims of negligence or malpractice. It’s essential for consultants, advisors, lawyers, accountants, and anyone in Cyprus whose business involves advising clients.

Does business insurance cover natural disasters?

At Insured Direct in Cyprus, we recognise the importance of safeguarding your business against all kinds of unforeseen events, including natural disasters. Business insurance policies can provide coverage for natural disasters, but the extent and type of coverage depend on the specific terms of your policy.

Natural Disaster Coverage:

  1. Property Insurance: This is typically part of a standard business insurance policy and can cover damage to your business premises and contents caused by certain natural disasters, such as storms or fires. However, it’s crucial to note that specific natural events, like earthquakes or floods, might require additional or separate coverage.

  2. Business Interruption Insurance: As mentioned earlier, this insurance can compensate you for lost income and additional expenses during a period when your business is unable to operate due to damage from a covered natural disaster.

  3. Additional Coverage: For comprehensive protection against natural disasters, you might need to consider additional policies like earthquake or flood insurance, especially if your business is located in an area prone to these specific risks.

Assessing Your Needs: It’s essential to assess the geographical location and specific needs of your business to determine the necessary coverage. Our team at Insured Direct is dedicated to helping you understand the risks associated with natural disasters in your area and providing advice on the best insurance solutions to protect your business.

Customised Solutions: We offer tailored insurance solutions to meet the unique needs of your business. By evaluating your risk exposure and insurance requirements, we can help you secure a policy that provides optimal protection against natural disasters, ensuring that your business remains resilient in the face of unexpected events.

For more detailed information and to ensure that your business is adequately protected against natural disasters, we encourage you to speak with one of our experienced advisors at Insured Direct. We’re here to help you navigate your insurance options and secure the coverage that best suits your business’s needs.

Can I get business insurance if I work from home?

Yes, home-based businesses in Cyprus can and should get business insurance. While some aspects of your business may be covered under your home insurance, specific business risks require dedicated business insurance coverage.

What should I consider when choosing a business insurance provider in Cyprus?

Consider the insurer’s reputation, the comprehensiveness of their coverage options, their experience in insuring businesses similar to yours, and the quality of their customer service and claims support. It’s also wise to compare quotes and terms from multiple insurers to find the best fit for your business needs.

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