LHV corporate insurance – to protect your success

We will indemnify damage caused by a fire, explosion, and fire-fighting work, as well as damage caused by lightning strikes.

Example: a lightning strike blows up a chimney.

We will indemnify damage caused by strong wind or hail.

Example: wind damages a roof.

We will indemnify damage caused to the property by a third party intentionally or as a result of theft or robbery.

Example: a door lock is broken.

We will indemnify damage caused by a flooding due to a broken pipe or blockage, including if the damage was caused by a third party, such as a neighbour.

We will indemnify damage caused by natural flooding, i.e. an extraordinary increase in the water level on the ground due to a natural phenomenon (exceptional rainfall, flooding of a body of water or a storm).

Example: a heavy rainstorm causes water to enter a building and the ground cannot absorb it.

We will indemnify the breakage of internal and external window glass of the insured building due to an external factor.

Example: a bird flies into a window.

We will indemnify the costs of replacing or restoring the insured object if it is damaged or destroyed due to a sudden and unforeseeable event that is not excluded by the insurance contract.

Example: the device serving the building breaks down due to current fluctuations in the power grid.

We will indemnify damage caused by the access of precipitation or meltwater to the building through the roof, walls or other fencing structures in the amount of up to EUR 10,000.

We will indemnify damage caused by the tenant or lessee. We will indemnify the policyholder for damage regardless of whether LHV has the right to waive the indemnification for damage or reduce the benefit due to the actions of the tenant or lessee. With this extra cover, the tenant or lessee is considered a third party, which means that they are not equated with the policyholder.

We will indemnify damage caused to the insured device due to sudden and unforeseeable internal electrical failure or mechanical breakdown of machinery. Applies to electronic devices (e.g. office and computer equipment) that are up to five (5) years old at the time of concluding the insurance contract, and industrial, manufacturing, medical or laboratory equipment (e.g. a production line) that is up to 10 years old at the time of concluding the insurance contract.

We will indemnify the costs incurred by a third party as a result of damage to health, bodily injury or death.

Example: there is a puddle on the floor of a café, but no warning label. A customer falls and gets hurt.

We will indemnify any costs incurred by a third party as a result of the damage to or destruction of the items, which are necessary to repair or replace with an equivalent item.

Example: snow falls from the roof of an office building onto a vehicle parked outside and damages it. The owner of the office building is liable for the damage caused.

We will also indemnify up to 20% of the total personal injury and/or property damage suffered by a third party in respect of any other material damage that is directly related to the personal injury and/or property damage suffered.

Example: a third party stumbles on a broken floor under the policyholder’s liability and breaks a leg. As a result, this person has to use a taxi service to get to work because of their leg being in plaster.

We will indemnify the out-of-court legal assistance, judicial, and expert costs of claims for damages against the insured company.

Example: a company is taken to court because of a claim for damages. The insurance covers the legal costs.

We will indemnify material damage arising from a breach of a contractual obligation: personal and property damage, other material damage that is a direct consequence of such damage, and the legal assistance of the insured person.

Example: contractual obligations assumed under the lease of commercial premises in connection with damage caused to commercial premises.

We will indemnify material damage caused to a third party by the insured person’s subcontractor.

Example: a management company performs snow removal work, and in the process snow falls from the roof to a third-party vehicle.

We will indemnify damage caused to the property of a third party given in the care, custody and control of the insured person.

Example: an automatic fire extinguishing system is triggered in the insured person’s office and the projector borrowed for use is damaged.

We will indemnify material damage caused as a result of gross negligence in the course of an activity covered by the insurance policy.

Example: a staircase in the house is broken, but the homeowner’s company ignores repeated complaints and does not fix it. A client falls down the stairs, gets injured, and submits a claim for damages against the company.