All businesses face a risk of accidental losses. Thus, business owners must ensure their company is adequately insured. Cyprus is represented by a large number of insurance companies that cover almost all types of insurance needs. Such areas include, but are not limited to, insurance for House, Motor Vehicles, Fire and Special Risks, Employee Liability, Private Collections, Travel, Medical Facility, Urban Liability, Personal Accidents, Credit, Ship Recovery, Marine Risks and Travel Loads, and for the Government.
Cypriot firms cooperate with such international conglomerates as Lloyd’s of London, and Alliance Franchise to provide all the coverage’s that are available within the EU and at reasonable costs.
The Insurance Association of Cyprus (IAC), is the accredited and representative body of the Cypriot insurance industry. You may reach them at: www.iac.org.cy.