You can use our online advisor to tell us about your business, and we will then recommend the insurance coverage we suggest for you.

All property owners are required by law to have fire insurance for their property. This applies whether the property is used for residential purposes, business activities, storage, or other uses.

It is also mandatory to have fire insurance for buildings under construction during the construction period, and a separate application must be submitted for this.

In the Building Owner’s Insurance, we have combined several insurances for homeowners that protect them against the most common damages to property.

However, Fire Insurance for the property is not included, as the property owner is required to purchase it separately.

All registered vehicles must be insured with mandatory vehicle insurance. This includes third-party liability insurance and accident insurance for the driver and owner.

With vehicle insurance, you are primarily protecting yourself and others from damages you may cause on the road. You can also add windshield insurance.

If your car is damaged in a traffic accident, repairs can be costly.

It is therefore important to have good Comprehensive Collision Insurance for your car so that it is covered for potential damages.

Movable Asset Insurance covers machinery, equipment, and tools against major losses with fire insurance, water damage and windstorm insurance, as well as optional burglary insurance.

The Glass Breakage Insurance covers breakage of standard flat window glass in a property after it has been permanently installed. Colored, decorative, custom-cut, curved, and sandblasted glass can be insured separately.

It is also possible to insure glass and plastic signs, glass markings, and lighting equipment separately.

Comprehensive Insurance for Heavy Machinery compensates for damage to the insured machinery caused by sudden and unforeseen external events.

Fridge and Freezer Insurance compensates for damage to goods caused by breakdowns, power outages, or other unexpected events resulting in temperature increase or coolant leaks.

Comprehensive Asset Insurance compensates for damage to movable property caused by sudden and unforeseen external events, whether it involves equipment, machinery, or other valuables.

Business Interruption Insurance is designed for business owners and companies. The scope of the insurance — i.e., its coverage, compensation period, and insured amounts — varies depending on the size of the company and the nature of its operations.

The insurance covers financial losses incurred by the policyholder due to a decline in product sales or services caused by damage resulting from fire, indoor water leakage, or burglary.

Extra Expense Insurance covers unavoidable additional costs incurred following a compensable loss under Movable Asset Insurance.

The insurance is sold alongside Movable Asset Insurance, and the loss must be compensable under its terms. If so, the additional expenses the company incurs will be covered.

Those who employ people are, according to collective agreements, required to insure their employees against accidents. That is why we offer Workman’s Compensation Insurance.

The advantage of this insurance is that it adapts to the provisions of different collective agreements, allowing companies in various industries to purchase the version that suits their obligations.

If you are self-employed, you do not have the same rights as employees if you become seriously ill or injured. That’s why it is important to carefully review Critical Illness and Accident Insurance options.

Sickness and Accident Insurance is specifically designed for those who are self-employed and can be tailored to individual needs. It protects you against income loss that may result from serious illnesses and accidents, whether short-term or long-term.

By getting life insurance, you ensure the financial security of your loved ones in case you pass away.

If others rely on you or you have financial obligations, we recommend purchasing life insurance.

Applying for life insurance is simple and takes only about 15 minutes to complete the application.

If you become unable to work due to a serious illness, it can result in significant income loss and expenses.

That’s why we recommend getting Critical Illness Insurance, so you can continue to pay your monthly bills even if you’re unable to work.

The application for critical illness insurance takes only about 15 minutes to complete.

Those who move to Iceland must have legal residence in the country for six months before becoming eligible for public health insurance. This applies to both foreigners coming to Iceland and Icelanders who have moved their legal residence abroad and are returning.

If you are in this situation, we recommend purchasing Medical Cost Insurance, which helps bridge this gap. Medical Cost Insurance is valid for six months and provides comparable coverage to health insurance.

Liability Insurance is designed to cover compensation claims that may be made against you, as a business owner or your company, if others suffer damage due to your operations. This can include both property damage and bodily injury, often involving significant amounts.

The insurance is often referred to as Voluntary Liability Insurance, as it is not legally mandatory to purchase it.

All members of the Icelandic Farmers Association are covered by a Substitute Insurance policy with Sjóvá. This insurance provides compensation if you’re unable to work due to illness or injury, helping you cover the costs of temporary replacements.