What does mandatory insurance entail?
Companies in Italy will be required to insure against damages caused by natural disasters such as earthquakes, floods, or extreme weather events. The goal is to mitigate the economic impact of such incidents. Notably, agricultural businesses and condominiums are explicitly exempt from this requirement.
Why the extension?
The original deadline of December 31, 2024 had to be postponed after the Council of State requested adjustments and clarifications to the implementation guidelines. Insurers, brokers, and businesses are now awaiting the final regulations, expected to be published in early 2025. These guidelines will clarify the technical and procedural aspects of the policies.
Our recommendations for businesses
Many companies have already received quotes for these insurance policies in recent weeks. However, we advise caution:
- These policies may not comply with the legal requirements, as the implementation guidelines are still pending.
- It is advisable to wait until the final regulations are released to ensure the insurance is legally compliant.
- If you wish to enhance your insurance coverage against natural disasters regardless of the legal mandate, we are happy to provide expert advice.
What are the next steps?
Contact us directly for personalized advice. Together, we will find the perfect solution for your needs.
Your Assiconsult Team – Security You Can Rely On.