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Tell us what you do.
Describe your activity, your premises and your staff, and any cover a lease, a client or a lender asks for. Send us any policy you already hold.
Business insurance
Insurance
for your business.
Liability, premises, cyber, staff, construction and transport cover for businesses in Greece. We ask the insurers we work with for proposals and explain them side by side.
Short answer
Business insurance in Greece at a glance
Most business insurance in Greece is your choice, but some covers are compulsory. Since 1 June 2025, a business with gross revenue above €500,000 in the previous tax year must insure its owned buildings, equipment, stock and trucks or professional vehicles against earthquake, flood and wildfire, for at least 70% of their value (Law 5116/2024, art. 5). Every vehicle needs third-party cover, every short-term rental needs liability cover, and so do pleasure boats over 7 m and speedboats. Public and professional liability, cyber and staff cover are not required by a general law, but the rules of your profession, a lease, a client or a tender may ask for them.
| Question | Answer |
|---|---|
| Who must insure against natural disasters? | Businesses with gross revenue above €500,000 in the previous tax year |
| Which risks, and how much? | Earthquake, flood and wildfire, for at least 70% of the value of the insured assets |
| Fine | €10,000, doubled if the business has not insured within 30 days of notification |
| Other compulsory covers | Third-party cover for every vehicle; liability for short-term rentals and for boats over 7 m or speedboats |
| Everything else | Your choice: we ask the insurers we work with for proposals and explain them side by side |
The legal minimum
What is compulsory for a business in Greece
Most business insurance is a commercial decision. These covers are required by law:
| Cover | Who must have it | Law | Without it |
|---|---|---|---|
| Earthquake, flood and wildfire | Businesses with gross revenue above €500,000 in the previous tax year, for owned buildings, equipment, raw materials, goods, stock and trucks or professional vehicles (at least 70% of their total value) | Law 5116/2024, art. 5 | €10,000 fine, doubled after 30 days; no state aid for these assets |
| Motor third-party liability | Every company car, van, truck and motorbike in circulation, even when parked, unless it is officially laid up | Presidential Decree 237/1986 | €500 fine (€250 for a motorbike, €1,000 for a public-use bus or truck), and the police remove the driving licence, registration and plates |
| Wildfire and flood cover for vehicles | Every motor vehicle normally kept in Greece, since 1 June 2025 | Law 5116/2024, art. 5A | No fine, but no state aid for the vehicle |
| Civil liability for short-term rentals | Every property let short-term, since 1 October 2025; the owner takes out the policy | Law 5170/2025, art. 3 | €5,000 fine on the property manager, doubled for a repeat within a year |
| Boat liability | Pleasure craft over 7 m, professional day-tour boats, speedboats, water taxis and rented motor boats | Law 4926/2022, arts 17 and 74 | €150 per metre of length for the owner, and the boat may not sail until insured |
| Public, professional and product liability, cyber, staff, construction and cargo cover | No general legal duty, but the rules of your profession, a licence, a lease, a client contract or a tender may require it | Rules of your profession; your contracts | Depends on the rule or the contract |
Not sure which rules apply to you? Describe your business in our business quote form and we will tell you what is compulsory and what is worth considering.
Public and professional liability
Claims from others,
handled by your insurer.
If a customer is injured on your premises, a product you sold causes harm or a client says your advice cost them money, liability cover can pay for your defence and for the compensation you owe, up to the policy limits.
- Public liability for injury and damage to third parties
- Employer’s liability
- Professional liability (errors and omissions)
- Product liability
- Directors’ and officers’ liability (D&O)
- Environmental liability
Premises and property
Your premises
and everything in them.
For the buildings you own, and for the fit-out, equipment and stock in premises you rent: offices, shops, warehouses, workshops and hotels. Business interruption cover pays for lost income and running costs while an insured loss keeps you closed. Above €500,000 revenue, earthquake, flood and wildfire cover is compulsory.
- Fire, explosion and lightning
- Earthquake, flood, wildfire and storm
- Theft and burglary
- Machinery breakdown
- Electronic equipment and IT
- Business interruption (loss of income)
Read the natural disaster insurance guide →
Get a quote
The law since 1 June 2025
Revenue over €500,000? Natural-disaster cover is compulsory.
Businesses with revenue over €500,000: earthquake, flood and wildfire cover is compulsory
Since 1 June 2025, a business with gross revenue above €500,000 in the previous tax year must insure its owned buildings, equipment, raw materials, goods, stock and trucks or professional vehicles against earthquake, flood and wildfire, for at least 70% of their total value (Law 5116/2024, art. 5).
What the law asks for
| Point | Rule |
|---|---|
| Who | Businesses with annual gross revenue above €500,000 in the previous tax year. The test is revenue: the law says nothing about the nationality or residence of the owners. |
| Risks | Earthquake, flood and wildfire |
| Assets | Owned buildings and installations, equipment, raw materials, goods, stock, and trucks or professional vehicles |
| Minimum cover | At least 70% of the value of all these assets together |
| Since | 1 June 2025. From 1 January 2025 the rule applied only to businesses above €2 million; Law 5162/2024 lowered the threshold to €500,000. |
| Fine | €10,000, imposed by the Interagency Market Control Unit (ΔΙ.Μ.Ε.Α.). It doubles if the business has not insured within 30 days of notification. |
| State aid | Obliged businesses get no state aid for damage to these assets, housing assistance included. Law 5329/2026 (art. 35) sets which tax year’s revenue counts when a disaster happens before that year’s income tax return is due. |
Exemptions, leased premises and vehicles
Joint ministerial decision 96806 ΕΞ 2025 (ΦΕΚ Β' 2810/05.06.2025) leaves out some bodies and assets, such as public-sector bodies, new businesses without published financial statements, crops and livestock. A business refused by two different insurers is exempt for two years, and silence for 30 days counts as a refusal. As we read the law, a business that rents its premises insures its own equipment, stock and vehicles. Trucks and professional vehicles insured under this rule at 100% of their current market value are also exempt from the separate wildfire and flood duty for vehicles (decision 94798 ΕΞ 2025).
Who is caught, leased premises, the 70% calculation, vehicles and the two-refusals rule: see our guide to mandatory natural disaster insurance for businesses.
Cyber insurance
Cyber attacks
and data breaches.
Ransomware, a phishing email or a stolen laptop can stop sales and expose customer data. Cyber insurance pays for expert help to respond and recover, and for claims from people whose data was affected.
- Cyber attacks and ransomware
- Response to a personal data breach
- Liability to third parties for a data breach
- IT and data recovery costs
- Business interruption after a cyber attack
Group cover for staff
Cover for
the people who work for you.
A group policy covers your employees under one contract that you arrange as the employer. It adds to the public social security system and helps you attract and keep good people.
- Group life cover
- Group health and hospital cover
- Personal accident cover for employees
Construction projects
Every project,
from groundwork to handover.
For contractors, developers and owners who build. Contract works cover protects the project while it is built or installed, and liability cover protects you against claims from neighbours and passers-by.
- Contractors’ all risks (CAR)
- Erection all risks (EAR) for machinery and installations
- Contractor’s third-party liability
- Damage to existing property on or next to the site
Transport and logistics
Goods on the move,
covered along the way.
For hauliers, couriers, importers, exporters and warehouse operators: cover for the goods you send or carry, for your liability as a carrier and for the vehicles that do the work.
- Cargo insurance for goods in transit
- Carrier’s liability under the CMR Convention
- Fleet insurance for company vehicles
- Storage and warehouse keeper’s liability
Rentals and hospitality
Guests, staff
and the property.
Hotels, holiday lets, restaurants and bars face guests, staff, pools, kitchens and a building full of equipment every day. Liability cover has been compulsory for every short-term rental since 1 October 2025.
- Liability to guests and visitors
- Buildings, contents and equipment
- Earthquake, flood and wildfire
- Loss of income after an insured loss
- Food and drink liability for restaurants and bars
Read the short-term rental insurance guide →
Get a quote
How it works
From your first message
to a policy in force.
We arrange business cover by phone and email, wherever your business is based, and we reply within 24 hours on working days.
Proposals
We explain the options side by side.
We ask the insurers we work with for proposals and explain them side by side: what each one covers, what it excludes and how the price compares.
Cover and support
You decide, and we stay in touch.
Once you choose, we arrange the policy with the insurance company and help with renewals, changes and claims. There is no obligation until you decide.
Before you ask for a quote
What to send us for a business quote
The more we know, the more accurate the proposals. Please send us:
- what your business does, and its legal form (sole trader or company);
- the address of each site, and whether you own or rent it;
- the value of the buildings you own, and of your equipment, stock and vehicles;
- your gross revenue for the last tax year, which decides whether the natural-disaster cover is compulsory;
- the number of employees, if you want staff cover or employer’s liability;
- any claims in recent years, and any policy you already hold;
- any cover that a lease, a client contract or a tender asks for.
Use our business quote form or email info@leadinsure.gr. You pay us no separate fee: our commission is already included in the premium.
Read next
Guides and pages
for business owners.
Revenue over €500,000
Mandatory natural disaster insurance for businesses
Who must insure against earthquake, flood and wildfire, how the 70% works, leased premises, exemptions, vehicles and fines.
Read the guide →
Airbnb, Booking, direct lets
Short-term rental insurance in Greece
The liability cover compulsory since 1 October 2025, the €5,000 fine and a full compliance checklist.
Read the guide →
Company cars and vans
Car insurance in Greece
Compulsory third-party cover, the wildfire and flood rule and the fines for an uninsured vehicle.
Read the guide →
Boats and yachts
Boat insurance in Greece
Which boats must be insured, the legal minimums and the fines per metre.
Read the guide →
For you and your family
Personal insurance
Car, home, health, life, travel and boat cover for individuals.
Read more →
Step by step
How we work
From your first message to support with renewals and claims.
Read more →
Frequently asked questions
Is business insurance compulsory in Greece?
Not in general, but some covers are. Businesses with gross revenue above €500,000 in the previous tax year must insure against earthquake, flood and wildfire (Law 5116/2024, art. 5). Every vehicle needs third-party cover, every short-term rental needs liability cover, and so do pleasure boats over 7 m and speedboats. Other covers depend on your profession, your contracts and your risks.
Which businesses must insure against earthquake, flood and wildfire?
Since 1 June 2025, businesses with annual gross revenue above €500,000 in the previous tax year. They must insure their owned buildings, equipment, raw materials, goods, stock and trucks or professional vehicles for at least 70% of the total value of these assets. Public-sector bodies, unauthorised constructions, ships, trains, aircraft, infrastructure, crops, livestock and new businesses without published financial statements are left out. Our guide to mandatory natural disaster insurance for businesses has the details.
What is the fine for a business without natural-disaster insurance?
€10,000, imposed by the Interagency Market Control Unit (ΔΙ.Μ.Ε.Α.). If the business has not insured within 30 days of notification, the fine doubles. Obliged businesses also lose state aid for damage to these assets, housing assistance included.
Does the rule apply to foreign-owned businesses?
The law sets a revenue test and says nothing about the nationality or residence of the owners, so a business in Greece with gross revenue above €500,000 must insure, whoever owns it. If your group already insures its Greek assets under a policy issued abroad, ask us to check it against the Greek rule.
What if insurance companies refuse to cover my business?
Insurers operating legally in Greece must answer a request within 30 days, and silence counts as a refusal. A business refused by at least two different insurers is exempt from the obligation for two years. Keep the requests and the answers in writing.
What is the difference between public liability and professional liability?
Public liability covers injury or damage you cause to other people or their property, for example a customer who falls in your shop. Professional liability, also called errors and omissions, covers financial loss a client suffers because of a mistake in your advice or service. Many businesses need both.
Does a small business need cyber insurance?
No law requires it, but a small business depends on email, card payments and customer data as much as a large one. Cyber insurance pays for expert help after an attack or a data breach, for restoring systems and data, and for claims from people whose data was affected, up to the policy limits.
Do I pay you a fee?
You pay us no separate fee: our commission is already included in the premium.
Sources
The legal points on this page come from these texts (checked on 14 October 2026):
- Law 5116/2024, art. 5: compulsory earthquake, flood and wildfire insurance for businesses above €500,000 revenue, the 70% rule, the €10,000 fine and the loss of state aid
- Joint ministerial decision 96806 ΕΞ 2025 (ΦΕΚ Β' 2810/05.06.2025): exemptions, the 30-day answer from insurers, checks and fines by ΔΙ.Μ.Ε.Α.
- Law 5329/2026, art. 35: which tax year’s revenue counts for state aid
- Law 5116/2024, art. 5A: wildfire and flood cover for vehicles
- Joint ministerial decision 94798 ΕΞ 2025 (ΦΕΚ Β' 2706/02.06.2025): start on 1 June 2025 and the exemption for business trucks and professional vehicles insured at 100%
- Art. 5(4) of Presidential Decree 237/1986, as replaced by Law 4286/2014: fines for uninsured vehicles
- Law 5170/2025, art. 3: compulsory liability insurance for short-term rentals and fines
- Law 5170/2025, art. 34: art. 3 in force from 1 October 2025
- Law 4926/2022, art. 17: compulsory insurance for pleasure craft and day-tour boats
- Law 4926/2022, art. 20: fines and the ban on sailing without insurance
- Law 4926/2022, art. 74: speedboats, water taxis and rented motor boats
- United Nations Treaty Collection: Convention on the Contract for the International Carriage of Goods by Road (CMR)
No obligation
Tell us about your business.
We explain the options side by side.
Liability, premises, cyber, staff, construction or transport. We reply within 24 hours on working days.