Administration reconstruction insurance

In some cases of damage, the consequences for your business are often more severe than just the damage to property, inventory and goods. Your (digital) records may be damaged or destroyed.

In some cases of damage, the consequences for your business are often more severe than just the damage to property, inventory and goods. Your (digital) records may be damaged or destroyed.

Nowadays, as an entrepreneur, you also run the risk of being hacked, resulting in additional costs to rebuild the damaged/destroyed records to their original form.

Why choose this insurance?

  • When properly advised, you minimize the financial impact of damaged/destroyed records after a major loss.
  • We will reimburse the necessary expenses you must incur within reason to reconstruct the records.
  • Even if you dissolve your business, you still need to reconstruct your records for tax purposes, among other things.
  • The sum insured is "premier risque", so we do not apply an underinsurance clause in the event of a claim.
  • We are pleased to advise you on choosing the correct benefit period.

 

What does it cover?

  • We reimburse any additional salaries including social security contributions to rebuild the administration.
  • Rental/furnishing of temporary office space.
  • The additional costs of utility, air conditioning, maintenance and relocation.
  • All other additional costs related to the reconstruction of the damaged or destroyed administration.
  • We reimburse the cost of restoring or replacing corrupted data if your electronic administration (data) has been compromised by a hack, virus and/or ransomware. Up to a maximum of 10% of the insured amount, per occurrence. As well as IT investigation costs following a data breach.

What does cyber/administration reconstruction insurance cost?

Your cyber insurance is a customized insurance product, which can be added to the Fire insurance (property or inventory and goods insurance). The price depends on several factors. You choose what you want to insure or the maximum premium you want to pay. Your insurance advisor will gladly discuss the options and corresponding premiums with you.