For the successful operation of a company, not only capital but know-how and competent employees are also important. A major factor for the success is the adequate protection of the company against various exposures. The financial consequences of a loss of property, equipment, machinery and stocks can threaten the existence of a company.
And when the damages cannot be recovered immediately, they result in a limited or disabled operation. In practical terms, this means a loss of earnings while the fixed costs for rent, salaries and charges continue. A business interruption insurance protects you against financial losses by replacing the missing margins and the loss of profit.
Understanding Your Risks
Climate change and its consequences, stronger international dependencies, ubiquitous digitalization and emerging risks will pose major challenges for entrepreneurs. The need for more environmentally friendly production processes and more sustainability will also have a corresponding effect on the risk situation of the companies.
It is more important than ever to understand these hazards and the possible consequences for your organisation. At GrECo we provide you with in-depth experience in dealing with property-related exposures. Our teams consisting of insurance specialists, practice group leaders and risk engineers are creating innovative initiatives to mitigate the effects of a constantly changing risk landscape on your business.
Providing Tailored Solutions
Each insurance solution can be tailored to the individual needs of the policyholder. GrECo insurance specialists carefully assess the risk situation of clients and later provide clients with more specific, individual and tailored insurance concepts, such as:
Creating Added Value
Businesses of all sizes need a long-term insurance partner with industry experience and capacity, as well as a strong presence in the CEE region. GrECo has longstanding experience in this area and supports you in the analysis of your property and engineering risks. Our risk engineering expertise additionally guarantees you that your risks will be properly assessed. Risk engineering depicts risk management professionally and creates an essential basis for the tailored servicing of our client.
While the number of losses caused by fire is decreasing due to the constant development of preventive measures, the picture is quite the opposite for losses caused by natural hazards.
To lead the way in the hard market!
Rudolf Schiel, Competence Center Manager Property & Engineering at GrECo, spoke with Klaus Riechmann, Managing Director of the new Ecclesia Re, about the challenges of placing property insurance programmes and the role of the reinsurance…
Well protected against weather extremes
A targeted risk management can protect your business facilities or the appropriate crop insurance can minimize the risk of harvest loss as well as seed and fruit damage.
Group Practice Leader Property & Engineering
T +43 664 96 24 048