I.Compact comprehensive insurance cover for medium-sized businesses from a single source

Medium-sized businesses need customisable comprehensive insurance cover, that provides transparency, saves considerable administrative costs and ensures that Directors are able to concentrate on their company’s core business. HDI has created a comprehensive cover solution - HDI Industrie Compact, (‘I.Compact’) , which meets these and other requirements. Medium-sized businesses with an annual turnover of 5 million Euros or more can safeguard their value chains in one contract.


Scope of services at a glance

Insurance cover is made up of six components, including extensions of cover. At least two main lines of business or one main line and two subsidiary lines have to be selected.

  • The main lines include property and business interruption insurance as well as liability insurance. Subsidiary lines include engineering insurance/electronics, marine, legal costs and group accident insurance.
  • Existing insurance cover can be incorporated into an ‘I.Compact’ contract with the aid of ‘umbrella cover’. Here the premiums payable under the ‘old contract’ are offset against ‘I.Compact’ premiums until the old contract expires. Risk increasing gaps in cover and expensive insurance duplications are thus avoided.
  • Insurance cover is based on a single contract with a single set of terms and conditions. So only one questionnaire has to be completed at inception and renewal.
  • The premium is calculated based on the previous year’s turnover. Accurate notification avoids underinsurance of the tangible assets and income component.

Highlights

Customisable insurance cover

The modular structure of insurance cover also enables sector-specific risks to be insured as required.

Comprehensive cover provided by a single contract

Insurance cover consists of a single policy and a single contract. This dispenses with complicated co-ordination processes involving several providers.

No underinsurance or duplicate cover

Existing policies can be incorporated. The risk of underinsurance or expensive duplicate cover is avoided.

Direct support provided by a dedicated contact person

Medium-sized businesses are provided with comprehensive cover with low administrative inputs and direct support by a dedicated contact person.