IARD Insurance: What is it?

Non-life insurance is intended to cover the risks to the insured’s property. A series of insurance policies for professionals.

Definition of P & C insurance and risks covered

In the insurance world, The acronym IARD stands for “fire, accident, various risks”... Therefore, it is a family of insurance as opposed to personal insurance and life insurance...

in fact, Non-life insurance covers property damage and protectionIn contrast to life insurance, which protects people who may have health, accidents, death, or life insurance. In the context of professional insurance, manager unemployment insurance can take out life insurance in this category.

Therefore, P & C contracts cover assets in the event of a claim.Therefore, they are Protect facilities, equipment, inventory, or vehicles from accidents and risks inherent in activities..

Therefore, while these risks can be the risk of fire or accident, there is also the risk of theft, flooding, or deterioration due to unintended causes, including those related to economic factors such as inflation.

Some insurers and brokers specialize in non-life and non-life insurance policies, some insurers focus on personal insurance, and most insurers and brokers guarantee both property and personal insurance. Some also offer offers for that purpose.

Standard contract

When it comes to covering property, the creativity of an insurer is only matched by the diversity of policyholder needs. To list the equipment and products that may be insured, you need to start by listing the various professional activities …
In fact, some insurers are betting on insuring as accurately as possible for each type of valuable asset they hold. This can be a computer device, but it can also be a type of furniture for a store or an industrial machine.

Nevertheless, some of the most common contracts can be highlighted.
-Contract Car insurance Sometimes within the insurance framework Car fleet For companies that need a lot of vehicles.
-Contract to protect stock, Company goods, equipment, machines.If it is possible to separate each element with a particular insurance, the whole is generally covered by a single Professional multi-risk insurance ;
-Insurance contract Residence Or insurance OfficeFor example, a loss that can occur on the premises used by a company, whether in an office, factory or store, under the rental liability of the tenant.
Experts involved

Reading this brief list makes it easy to understand that all professionals are, to varying degrees, interested in so-called P & C category insurance.

In many cases, This type of insurance is mandatory For professionals, through a prism of civil liability and damage that these goods can cause to third parties.

This is especially the civil liability insurance for VTC drivers, the temperature controlled food insurance for restaurants, and the insurance for all professionals who accept the general public at the store or welcome employees, inventory and equipment on the premises. Applies to. Commercial facility. This also applies to all so-called “regulated” occupations and some other specific cases of civil liability insurance.

These provisions are valid not only for SARL, SA, EURL, but also for all legal forms and professional systems, such as micro enterprises and self-employed entrepreneurs.