Services for Businesses
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| Property insurance |
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Property insurance
Property Insurance protects your business against damage or loss resulting from unforeseen events, ensuring business continuity and safeguarding your investment. It is tailored to your size and specific needs (whether for small and medium-sized enterprises, offices, retail stores, or industrial facilities): |
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| It covers, for example: |
 Facilities (buildings, offices, warehouses): Protection against fire, explosion, flood, earthquake, and extreme weather events. |
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| Mechanical equipment: production and operational machinery |
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| Merchandise: products, inventory, and raw materials |
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| Vehicles: company cars, trucks, and special-purpose vehicles |
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| Civil Liability: Protection in the event of damage to neighboring properties or bodily injury to customers on your premises. |
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| Loss of Profits: Coverage of the business's fixed costs and lost profits for the period it remains closed due to damage. |
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Our approach
We analyze the value and function of each of your assets and design solutions that offer clear protection and risk coverage. |
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| We rely on three key pillars that safeguard the sustainability of your business: |
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1. Risk Assessment
- Site Inspection and Assessment
- Avoidance of Underinsurance |
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2. Business Interruption
- We cover fixed costs (salaries, rent, loans) while the business remains closed.
- We compensate for loss of profits, enabling the business to return to its pre-incident state. |
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| 3. Immediate Response, Technical Support & Comprehensive Damage Management |
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| Civil Liability Insurance |
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Civil Liability Insurance
In the course of business operations, incidents involving employees, customers, or third parties can lead to legal and financial claims. Liability insurance serves as a key risk management tool, protecting the business against claims related to bodily injury, property damage, or product liability. |
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| Indicative categories of civil liability: |
| General Business Liability: Covers damages or injuries to third parties arising from business operations. |
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| Employer's Liability: Protection of the business against employee claims regarding workplace accidents, beyond the coverage provided by EFKA. |
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| Product Liability: For manufacturers, importers and traders. It provides coverage in the event that a defective product causes harm or damage to the consumer. |
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| Professional liability for specific categories of professionals (lawyers, doctors, pharmacists, accountants, architects, and consultants): Covers errors or omissions in the performance of duties that caused financial loss to clients. |
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Our approach
We analyze the nature of your operations and identify the actual risks facing your business. We design civil liability programs tailored to your specific activities, prioritizing robust protection and clarity, while proactively adapting to changing circumstances by adding specialized coverages at any time. Proper coverage helps maintain operational stability and mitigates the financial impact of unforeseen incidents. |
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| Cyber Insurance – Digital Risk Insurance |
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Cyber Insurance – Digital Risk Insurance
Operating a business digitally entails risks that can impact systems, data, and business continuity. From cyberattacks to data breaches, a digital incident can have immediate financial and legal consequences.
Cyber insurance provides targeted protection against digital threats, complementing technical security measures and bolstering the business's overall resilience.
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| It covers, for example: |
| Business Interruption: Compensation for financial losses if the business's system is rendered inoperable due to an attack. |
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| Costs for the remediation and management of data and system breach incidents |
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| Data Restoration: Cost of recovering or recreating files that were encrypted or destroyed. |
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| Liability towards third parties for the leakage of sensitive personal data |
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| GDPR Fines & Penalties: Coverage (where legally permitted) for fines imposed by the Data Protection Authority. |
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| Covering costs for handling extortion incidents and data recovery (Ransomware) |
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| Protection against allegations of defamation, copyright infringement, or plagiarism online. |
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| Crisis & Reputation Management: Immediate access to a team of experts (IT, legal, PR) to mitigate reputational damage. |
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Our approach
Our philosophy regarding cyber insurance is rooted in prevention and preparedness. Rather than simply waiting for a breach to occur before providing compensation, we focus on readiness. We adopt a consultative approach, implementing measures that include vulnerability assessment, proactive cyberattack prevention, and immediate expert support in the event of a breach. |
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| Credit & Surety Insurance |
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Credit & Surety Insurance
Credit insurance and guarantee insurance are two specialized financial tools that safeguard your business's liquidity and credibility in commercial transactions.
1. Credit Insurance
It protects your business against the non-collection of customer receivables and the breach of contractual obligations, ensuring liquidity and stable operations.
Representative benefits:
- Insolvency Protection: Coverage of losses in the event of bankruptcy or prolonged payment delays by buyers.
- Customer Portfolio Assessment: Continuous monitoring of your customers' creditworthiness, so you know with whom it is safe to do business.
- Liquidity Enhancement: Having a credit insurance policy facilitates access to bank financing (factoring).
2. Surety Bonds
We offer letters of guarantee through insurance companies—providing coverage for projects, public contracts, and commercial agreements—as an alternative to bank guarantees:
Types of Guarantees:
- Bid Bonds
- Performance Bonds
- Project advance payment or maintenance.
Representative benefits:
- Flexibility in commercial transactions and access to projects
- Reliability towards clients, partners, and suppliers
- Preservation of Credit Limits: Insurance guarantees do not burden your bank credit limits, leaving funds available for business operations.
- Losses due to default: coverage for failure to fulfill contractual obligations.
Our approach:We leverage our deep market knowledge to select the right provider to support your transactions. We analyze your business and its associated risks, helping you choose the tool that best serves your growth strategy.
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| Group Health & Pension Plans |
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Group Health & Pension Plans
Supporting the workforce is a key pillar of a business's sustainable growth. Group health and pension plans serve as the most powerful tools for rewarding and retaining your workforce, fostering security, stability, and a long-term relationship between employees and the company.
Through well-designed coverage plans, businesses can offer meaningful protection while enhancing their corporate image and appeal as employers.
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| 1. Employee Benefits |
| - Coverage of hospitalization expenses at private clinics (room, operating room, doctors' fees). |
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| - Primary Care: Diagnostic tests, doctor visits, and annual check-up. |
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| - It operates as a supplement to public benefits and offers access to private healthcare services. |
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| - Option to include employees' spouses and children. |
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| - Flexible benefits structures, tailored to the size and needs of the business. |
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| 2. Group Pension |
| A modern solution for boosting the future income of your executives: |
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| - Capital Accumulation: Creation of an individual "nest egg" for each employee through contributions from the company and/or the employee themselves. |
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| - Investment Flexibility: Choice between a guaranteed interest rate or investment-linked plans (Unit-Linked). |
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| - Tax Benefits: Insurance premiums paid by the business are deductible from its gross revenue as a business expense. |
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Our approach
We evaluate the company’s profile and workforce composition, designing solutions that serve as effective management tools. Our goal is to strike a balance between delivering genuine value to employees and ensuring sustainable corporate budgeting. At the same time, we aim to provide continuous support to the HR department by handling employee training and compensation management, thereby relieving the team of time-consuming processes. |
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| Directors and Officers (D&O) Liability Insurance |
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Directors and Officers (D&O) Liability Insurance
Managing a business today entails heightened responsibilities, scrutiny, and transparency requirements. Decisions made regarding strategy or day-to-day operations can give rise to third-party claims.
Directors and Officers (D&O) Liability Insurance offers targeted protection to board members and senior executives against third-party claims, legal costs, and compensation payments that could otherwise burden the executives or the company itself.
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It covers, for example:
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| - Management of third-party claims arising from acts or omissions of the administration |
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| - Legal Support Expenses: Advance payment of lawyers' fees and court costs for the defense of executives (even if the charge proves to be unfounded). |
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| - Investigation Costs: Coverage of expenses for the representation of executives in formal investigations by supervisory or state authorities. |
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| - Claims by Shareholders & Employees: Protection against lawsuits alleging mismanagement, breach of duty, or employment practices (e.g., unfair dismissal, discrimination). |
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| - Personal Civil Liability: Coverage for compensation payments that executives are required to make from their personal assets. |
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Our approach
NEW LIFE’s Directors & Officers (D&O) insurance serves as the ultimate shield for the personal assets of executives who make critical decisions. We analyze your business’s structure, scale, and operations to propose solutions that provide substantial protection for both your executives and the company. In an environment of rigorous corporate governance, we ensure your executives can lead with confidence, knowing their personal assets are safeguarded—even when making the most challenging business decisions. |
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| Cargo Insurance |
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Cargo Insurance
Transport insurance is a key safeguard for the smooth operation of your supply chain. It covers risks associated with the transport of goods, vessels, and cargo via any mode—land, sea, or air. It protects businesses, freight forwarders, and cargo owners against loss and damage, ensuring stability in daily operations. |
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It covers, by way of example,:
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| - Damage to or loss of goods during transport |
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| - Damage or loss during loading/unloading |
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| - Carrier's Liability (CMR): Essential for transport companies, covering their liability towards the owner of the goods under the international CMR convention. |
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| - Coverage of international transport |
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| - Coverage for perishable products or fragile/valuable items |
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| - Option to extend coverage to include strikes, acts of terrorism, or armed conflicts (War & Strikes Clauses). |
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Target audience:
- Businesses involved in imports or exports
- Freight forwarders and logistics companies
- Cargo owners and managers
- Companies with ongoing transport operations |
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Benefits:
- Reduction of financial risk for transport operations
- Supply chain stability
- Enhanced trust among customers and partners |
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Our approach
Our approach ensures your goods are protected from the moment they leave the warehouse until they reach their final destination, regardless of the mode of transport. In the event of damage, our approach provides for an immediate on-site assessment (anywhere in the world) to facilitate rapid compensation. Furthermore, with a focus on cost optimization, we choose between open policies (for continuous cargo flows) and single-voyage coverage, ensuring you pay only for what you actually transport. |
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| Marine Insurance – vessel and crew insurance |
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Marine Insurance – vessel and crew insurance
Marine risk insurance protects vessels, cargo, crews, and chartering operations. It is designed for shipowners, vessel managers, and companies exposed to maritime risks, ensuring stability and security in day-to-day operations. |
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It covers, by way of example:
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| 1. Boat Insurance (Hull & Machinery) |
| We cover the vessel's hull, engines, and equipment against: |
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| - Maritime Hazards: Collision, sinking, grounding, severe weather. |
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| - Fire & Explosion: Including damage caused by short-circuit or lightning. |
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| - Theft: Total theft of the boat or partial theft of equipment (eg outboard engines, auxiliary boats/dinghies). |
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| - Malicious Acts: Damage caused by third parties or vandalism. |
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| - Coverage for vessel chartering or rental activities |
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| 2. Civil Liability (P&I – Protection & Indemnity) |
| - Bodily injury and death of persons on board or third parties (swimmers, passengers of other vessels). |
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| - Bodily injury to and death of persons on board or third parties (swimmers, passengers of other vessels); Property damage: Damage caused to other vessels or port facilities. |
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| - Marine Pollution: Coverage of cleanup and remediation costs in the event of a fuel spill. |
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| 3. Crew Insurance |
| - Personal Accident: Coverage for medical and pharmaceutical expenses, permanent disability, or loss of life for crew members. |
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| - Legal Protection: Support in the event of claims by the crew or legal issues involving the captain. |
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| - Emergency Medical Evacuation: Coverage for the transport of a crew member from sea to a hospital. |
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Our approach
Marine insurance is grounded in the philosophy of prevention and the management of unforeseen risks within the demanding marine environment. We analyze your operations, routes, and personnel, proposing solutions that offer substantial protection, clear coverage, and risk control. What truly matters in insurance is tailoring the policy to the specific needs of your vessel. |
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| Engineering insurance |
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Engineering insurance
Construction Insurance serves as the core pillar of protection for any construction project, ranging from a simple renovation to a major private or public undertaking.
The execution of construction projects entails heightened risks due to their complexity, the various stages of construction, and the multitude of parties involved. Unforeseen damage, delays, or accidents can directly impact the project's cost and continuity.
Construction Insurance provides targeted protection during the construction or installation phase, covering risks that may arise prior to the project's completion and handover.
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It covers, for example:
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| 1. Damage or losses during the execution of works: |
| - Protection against natural phenomena (earthquake, flood, storm, subsidence). |
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| - Coverage for fire, explosion, theft of materials, or malicious acts. |
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| - Damage caused by human error, negligence, or poor technique during execution. |
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| - Damage to project materials, equipment, or facilities |
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| 2. Third-Party Liability: |
| - Coverage for bodily injury or property damage that may be caused to neighbors, passersby, or adjacent buildings during the course of the work. |
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| - Construction site accidents |
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| 3. Equipment and Machinery: |
| Insurance for construction machinery (excavators, cranes) and temporary facilities (construction sites). |
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4. Maintenance Period:
Coverage continues even after the handover of the project, for damages that may arise during the contractual maintenance period. |
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Our approach
We analyze the nature and scale of the project and devise a solution tailored to its actual needs, aiming for continuity, stability, and risk control. Our approach ensures the project’s seamless completion, safeguarding the owner's capital and the contractor's credibility. |
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| Legal protection |
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Legal protection
Legal Protection Insurance covers legal support costs arising from disputes with third parties or legal claims, thereby safeguarding your legal interests. It is one of the most crucial insurance sectors, as it ensures you can assert your rights or defend yourself in legal proceedings without the stress of high legal and court expenses.
We partner with leading specialized providers in Greece to offer you comprehensive coverage at every level.
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It covers, by way of example,:
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| - Fees for lawyers, bailiffs, and expert witnesses |
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| - Legal and extrajudicial expenses for the defense of your interests. |
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| - Witness compensation and other necessary expenses |
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| - Support regarding contractual disputes, compensation claims, or administrative appeals. |
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| Basic Legal Protection Plans |
| - Vehicle & Driver: Coverage for claiming compensation following an accident, defense in criminal courts, and disputes with insurance companies.. |
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| - Family & Private Life: Protection regarding disputes with neighbors or employers, unsatisfactory purchases of products or services, and claims for compensation for everyday accidents.. |
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| - For Professionals & Businesses: Coverage for employment disputes, disputes with suppliers, tenants, or property owners, as well as criminal defense for the business owner. |
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| - Real Estate & Management: Special packages for property owners facing issues with tenants (e.g., eviction, non-payment of communal charges). |
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| - Employees (Public & Private Sector): Specialized protection regarding disciplinary boards, employment issues, and workplace disputes. |
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Target audience:
- Individuals seeking to protect their legal interests
- Families dealing with private or contractual matters
- Businesses aiming to ensure smooth operations and compliance
- Freelancers and self-employed professionals facing potential legal claims |
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Our approach
At NEW LIFE, through our Legal Protection service, we aim to implement a model of "Legal Consulting & Extrajudicial Safeguarding." Our approach functions like an in-house legal advisor, preventing conflicts before they escalate. We believe that access to justice should be universal, and our goal is to ensure you can assert your rights regardless of court costs or attorney fees. |
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