Business Insurance in Greece—2026 Guide
Entrepreneurship in Greece is at the forefront and continues to grow steadily.
According to data published by the General Commercial Registry (G.E.MI.) and the Central Union of Chambers of Greece (KEEE), more than 63,000 businesses operated in Greece in 2024, of which 4,800 were newly established.
In 2026, business activity is expected to increase further, particularly in the food service and tourism sectors.
However, in the business world, risks are unavoidable. An unexpected event can disrupt operations at any time. From natural disasters and accidents to lawsuits and data loss, risks are numerous and varied.
Business insurance is essential to protect and ensure the long-term sustainability of your company.
Four Steps to Insure Your Business Cost-Effectively
- Market Research
In cooperation with leading insurance companies operating in the Greek market, we ensure you receive the most competitive value-for-money plan, tailored to your company’s needs and budget. - Customized Plans
Every business has different needs and financial capabilities. Together, we design the most suitable insurance plan by carefully selecting the appropriate coverages tailored to your business. For example, if you operate a restaurant, food poisoning liability coverage is essential. Important: Choose the coverages carefully and avoid paying additional premiums for protections you do not need. - Deductible
By choosing a higher deductible for certain coverages, you can reduce your insurance premiums. For example, selecting a deductible for earthquake coverage may reduce your premium by up to 10%. - Tax Expense
Business insurance is recognized as a legitimate business expense by the Independent Authority for Public Revenue (AADE) and is tax deductible. Register it as an expense and reduce the cost.
What Can Be Insured?
- The building includes all main and auxiliary areas and covers the structure itself (e.g., foundations, walls, etc.), special constructions, as well as items that are permanently attached, such as marble surfaces, aluminum frames, and fixed installations.
- The contents include all fixed equipment such as tables and machinery, merchandise, outdoor items, and raw materials.
- Improvements are fixed additions such as false ceilings, built-in cabinets, swimming pools, pergolas, boundary walls, signage, electrical installations, etc.
Important: Make sure you clearly understand what will be covered under your property insurance when the unexpected happens, so you are not caught by surprise.
What is covered?
- Fire - Lightning & Fire from Short Circuit
If a fire is caused by an earthquake and you have not included earthquake coverage, you will not be reimbursed. - Natural Disasters
You must properly maintain your property, as it is uninsured. For example, if there is a hole in the roof that has not been repaired and it causes damage to your merchandise or equipment, the insurer may deny your claim. - Leakage, Pipe Burst, or Overflow of Plumbing, Drainage, and/or Sprinkler Systems
Insurance policies usually include a time limitation for this type of claim, which often depends on when the plumbing system was last renovated or replaced.
If you have sprinklers or any automatic fire-extinguishing system, they must be maintained according to the manufacturer’s specifications, with proper service documentation. - Photovoltaic System
Many businesses invest in photovoltaic systems to protect themselves from rising electricity costs. - Deterioration of Products and/or Raw Materials in Refrigerated Chambers
Proper and certified maintenance of refrigeration equipment is essential in order to be reimbursed. - Theft/Robbery
Specific security measures are required to get theft coverage. - Earthquake
Earthquake coverage is usually not available for buildings constructed before 1960 or those that do not comply with seismic regulations. - Damages During Repair—Improvement—Renovation Works
During renovation works, the risk of injury or damage to existing property is significantly increased. - First Aid for Visitors – Customers
If an incident occurs involving a customer while they are on your premises, this coverage may include the cost of first aid and transportation to a hospital. - Third-Party Liability, General Liability & Employer’s Liability
You are covered for property damage or bodily injury caused to third parties due to an insured event, as well as for injuries involving employees. - Daily Allowance Due to Business Interruption
Loss of income may have irreversible consequences for your business. This coverage ensures the liquidity you need to stay financially stable during forced closure. - Food Poisoning
Food poisoning is a major concern for food service businesses. Choose this coverage if you operate in the hospitality or catering sector. - Loan Protection Coverage
Obtaining a business loan typically requires property insurance as a fundamental prerequisite.
How to avoid Fines?
According to Article 25—Business Insurance Against Natural Disasters—amendment of Article 5 of Law 5116/2024, effective from 01/06/2025, all businesses with an annual turnover exceeding €500,000 are required to maintain insurance coverage against wildfire, flood, and earthquake.
The insurance policy must cover equipment, raw materials, merchandise, commercial trucks and professional-use vehicles, production assets, and stored products for at least seventy percent (70%) of the annual income.
If this obligation is not met, a fine of €10,000 is imposed on the liable business.
The business must comply within thirty (30) days from the notification of the fine. Otherwise, the fine is doubled to twice the original amount.
Why Is Business Insurance Important?
- Safety and Stability: It protects your business from unexpected events, allowing you to focus on growth without worrying about potential risks.
- Legal Protection: It safeguards your business against legal claims and lawsuits that could result in significant financial losses.
- Credibility: Having insurance demonstrates to clients and partners that your business is reliable and responsible.
- Securing Financing: Banks and lenders view insurance as a sign of good risk management, which can make accessing capital and loans easier.
The role of a professional insurance advisor
What we can do for you free of charge:
- Review your existing policy and identify coverage gaps
- Find the insurance plan that best suits your needs
- Handle all procedures in case of a claim
- Monitor your needs and continuously optimize your coverage to ensure maximum protection
Take the first step
Don’t leave your business to chance.
Business insurance is a matter of proper preparation and smart choices.
Proper guidance makes all the difference.