Premium calculation · Business
Business insurance
In our own estimate, the basic example costs from €394 to €468, depending on the company. From there, 1 tables with 4 bands in all raise or lower the price: the same steps at every company, at another height.
The prices are our own estimates, and they can be wrong. They are not offers or an official ranking, and we sell no insurance. The algorithm is public. Why
The prices of each company are our own estimate. They come from our own research of the market and our judgement as people of the industry. They are not a price that the company publishes. We can be wrong, and the order of the ranking is more reliable than the exact price. Only the company gives the real price, with all your details. None of the 17 companies gave us a price.
The reference case
The price of the example is the one the comparison shows for these answers: the base of each company, the rates on the sums insured, the factors and the extra covers of the example.
- What your business does
- Shop without fire - bookshop, florist, pharmacy, gym
- Building value (€)
- 150,000
- Value of equipment and stock (€)
- 40,000
- Employees
- 2
- The reference tier
- Full package
- €394 - €468
The tiers
The price of the basic example by tier, base and percentages on the sums insured, at the company with the cheapest and the company with the dearest estimate.
| Plan | Cheapest | Dearest | Spread |
|---|---|---|---|
| Fire and basic perilsCovers building and contents, with excesses. | €357Anytime | €423Allianz Ευρωπαϊκή Πίστη | +18%17 companies |
| Full packageAdds theft and business interruption, with no excesses. · the reference tier | €394Anytime | €468Allianz Ευρωπαϊκή Πίστη | +19%17 companies |
| With earthquakeAdds earthquake as well. | €596Anytime | €699Allianz Ευρωπαϊκή Πίστη | +17%17 companies |
The factors
Every insurer has the same bands, but its own coefficients
Every figure is one table of the calculation. The two columns in each band are the cheapest and the dearest estimate for the basic example.
From × 0.70 to × 1.60 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | Anytime | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| Office, clinic, tutoring school | × 0.70 | × 0.84 |
| Shop without fire - bookshop, florist, pharmacy, gym | × 1.00 | × 1.00 |
| Clothing, restaurant, furniture, workshops | × 1.23 | × 1.12 |
| Bakery, joinery, drinks, catering | × 1.60 | × 1.32 |
Rates on the sums insured
Whatever is priced on a sum you declare, the value, the building, the capital, enters the price before the factors.
| Cover | In tiers | Cheapest | Dearest |
|---|---|---|---|
| Building: 0.1% of €150,000on €150,000 | Covers building and contents, with excesses., Adds theft and business interruption, with no excesses., Adds earthquake as well. | 0.85‰€128 · Anytime | 0.97‰€145 · Allianz Ευρωπαϊκή Πίστη |
| Equipment and stock: 0.3% of €40,000on €40,000 | Covers building and contents, with excesses., Adds theft and business interruption, with no excesses., Adds earthquake as well. | 2.6‰€104 · Anytime | 2.96‰€118 · Allianz Ευρωπαϊκή Πίστη |
| Theft: 0.1% of €40,000on €40,000 | Adds theft and business interruption, with no excesses., Adds earthquake as well. | 0.66‰€26 · Anytime | 0.75‰€30 · Allianz Ευρωπαϊκή Πίστη |
| Earthquake: 0.1% of €190,000on €190,000 | Adds earthquake as well. | 1.04‰€198 · Anytime | 1.18‰€225 · Allianz Ευρωπαϊκή Πίστη |
Extra covers
A flat price a year, unless the tier already includes it.
| Cover | Inside the tier | Cheapest | Dearest | Spread |
|---|---|---|---|---|
| Damage to customers (liability)The customer who slips, the shelf that falls, the damage to the shop next door from your fire. Priced by the number of employees. | - | €80Anytime | €103Allianz Ευρωπαϊκή Πίστη | +29%17 companies |
| Employer's liabilityYour employee's accident at work, beyond what the state fund pays. Compulsory in practice for anyone who employs even one person. | - | €53Anytime | €69Allianz Ευρωπαϊκή Πίστη | +30%17 companies |
| Shopfront glassWindows, glass, mirrors, illuminated signs. Included in the full package. | Adds theft and business interruption, with no excesses.Adds earthquake as well. | €40Anytime | €52Allianz Ευρωπαϊκή Πίστη | +30%17 companies |
| Till robberyThe cash in the till and in the safe, in a robbery or a burglary. Included in the full package. | Adds theft and business interruption, with no excesses.Adds earthquake as well. | €40Anytime | €52Allianz Ευρωπαϊκή Πίστη | +30%17 companies |
| Lost income while you are closedA fixed sum for every day the shop stays shut after a covered loss, for a few months. Included in the full package. | Adds theft and business interruption, with no excesses.Adds earthquake as well. | €53Anytime | €69Allianz Ευρωπαϊκή Πίστη | +30%17 companies |
| Spoilage of refrigerated stockThe power cut that ruins the stock in the fridges. For food, pharmacies, catering. | - | €31Anytime | €40Allianz Ευρωπαϊκή Πίστη | +29%17 companies |
| Hacker attack (cyber cover)An attack on the till system or on the data of your customers, and the fine that follows. | - | €107Anytime | €138Allianz Ευρωπαϊκή Πίστη | +29%17 companies |
Minimum premium: from €45 to €57 depending on the company. No price falls below its own.
Instalments: in two halves the year costs 7% to 8% more, and in four quarters 14% to 16%, by company.
Damage to customers (liability): the price holds for 3 people, and each person past them adds €8 to €10, by company.