Multi-Risk Business Insurance in Luxembourg 2026: Comparison Guide
Multi-risk business insurance is the go-to policy for protecting your entire business under a single contract: your premises and assets, your civil liability, and your financial losses in the event of a claim. In Luxembourg, 4 insurers supervised by the Commissariat aux Assurances (CAA) offer this type of cover: LALUX, Foyer, AXA and Baloise. This guide compares their policies and covers to help you choose the right option for your situation.
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Go to the comparison tool →What is multi-risk business insurance?
Multi-risk business insurance is a single contract that combines several families of cover under one policy. Unlike professional liability insurance alone — which only covers your liability to third parties — multi-risk insurance also protects your own assets and can compensate for financial losses following a claim. It is the standard policy for any business with premises, equipment or stock.
Asset protection
Covers physical damage to your business assets: buildings (whether you own or rent), equipment and machinery, goods and stock. Perils typically covered: fire, water damage, theft, storm, and glass breakage.
Civil liability
Covers damage caused to third parties in the course of your business: public liability (accidents linked to your operations), product/completed operations liability (damage after delivery or completion), professional liability (fault, error, omission). Legal defence is generally included.
Financial losses
Compensates for the economic consequences of a covered claim: business interruption (maintaining turnover during a forced closure), additional operating costs, and depending on the policy, directors’ liability and key person accident cover.
Multi-risk business insurance is flexible: you choose the cover you actually need. A sole trader without dedicated premises can take out liability cover only, while a retailer with a shop will add asset protection and business interruption. The advantage of a single contract: one point of contact, one renewal date, and a much simpler claims process when several covers are involved.
The 4 multi-risk business insurance options in Luxembourg
Each insurer takes a distinct approach: an all-in-one policy by sector, a fully modular option, a multi-risk policy with two separate categories of cover, or a build-your-own product with optional packs. Here is an overview based on their official product information documents (IPID).
| Insurer | Product | Approach | Key strengths |
|---|---|---|---|
|
LALUX
easyPROTECT PRO
|
All-in-one policy: property insurance (building, equipment, goods) + public liability + product liability — professional indemnity (sectors 1 & 4), directors’ liability and flood available as options | Structured around 8 business sectors with sector-specific cover — monthly payments at no extra cost | Equipment covered away from premises (10% of insured value) — business interruption included for covered claims — liability limit up to €12,000,000 per claim — directors’ liability available as option |
|
Foyer
Multirisque Pro
|
Modular policy in two versions: Office Professions (13017) and Retail & Services (13021) — all covers can be selected individually | Maximum flexibility: each cover selected according to actual needs — instalment payments possible subject to conditions | Directors’ liability included — natural disasters can be covered — loss of goodwill value — key person accident cover — liability valid worldwide |
|
AXA
Atouts Pro
|
Multi-risk business policy with base cover (fire, water damage, electrical damage, storm, earthquake, terrorism, glass breakage) + two distinct categories of options | Distinction between options linked to base cover (theft, flood, business interruption, IT equipment…) and options that can be taken out independently (public liability, product liability, professional indemnity, legal protection) | Electrical damage and goods defrosting included in base — public liability and mobile IT equipment covered worldwide — earthquake included in base — note: cyber risks explicitly excluded |
|
Baloise
Business
|
Modular business multi-risk insurance: building, contents (equipment, goods), public liability, product liability, entrusted items, accidental pollution — wide range of covers to combine as needed | Modular approach with damage and liability extensions or packs — machinery breakdown, all-risks electronics, business interruption, flood, earthquake available — monthly, quarterly and half-yearly payments possible | Public liability valid worldwide — data and archive reconstruction costs can be insured — wine cellar and goods defrosting covered — assistance included |
Sources: Official IPIDs — LALUX easyPROTECT PRO, Foyer Multirisque Pro, AXA Atouts Pro, Baloise Business — June 2026.
Coverage comparison by insurer
This table shows the main covers available in each multi-risk policy, based on the official IPIDs of all 4 insurers. ✓ = included as standard or available depending on the plan. Option = optional add-on. — = not offered or explicitly excluded in this product.
| Cover | LALUX easyPROTECT PRO |
Foyer Multirisque Pro |
AXA Atouts Pro |
Baloise Business |
|---|---|---|---|---|
| Asset protection | ||||
| Fire and related perils | ✓ | ✓ | ✓ | ✓ |
| Water damage | ✓ | ✓ | ✓ | ✓ |
| Theft and vandalism | ✓ (on insured premises) | ✓ | Option | ✓ |
| Storm, hail, weather perils | ✓ | ✓ | ✓ | ✓ |
| Glass breakage | ✓ | ✓ | ✓ | ✓ |
| Electrical damage | ✓ | ✓ | ✓ (incl. defrosting) | ✓ |
| Machinery breakdown / electronic equipment | ✓ | ✓ | Option (IT and electronics) | ✓ |
| Flood | Option | ✓ | Option | ✓ |
| Earthquake | Option | ✓ | ✓ (included as standard) | ✓ |
| Goods in transit | ✓ (LU + 600 km) | ✓ (LU, BE, FR, DE, NL, CH) | Option | ✓ |
| Civil liability | ||||
| Public liability | ✓ | ✓ | Standalone option | ✓ |
| Product / completed operations liability | ✓ (excl. sector 2) | ✓ | Standalone option | ✓ |
| Professional indemnity (fault, error, omission) | Option (sectors 1 & 4) | ✓ | Standalone option (selected sectors) | Option |
| Entrusted items | ✓ (sectors 1, 3, 4, 6, 8) | ✓ | Standalone option | ✓ |
| Accidental pollution | Option (Luxembourg only) | ✓ (Luxembourg only) | — | ✓ |
| Directors’ liability (D&O) | Option | ✓ | — (excluded) | — (excluded) |
| Criminal defence and civil claims | ✓ | ✓ | Standalone option | ✓ |
| Financial losses | ||||
| Business interruption | Commercial downtime (covered claims only) | ✓ | Option (linked to base cover) | ✓ |
| Key person accident | — | ✓ | — | — |
| Instalment payments (monthly or quarterly) | ✓ (monthly, no extra charge) | Available (subject to conditions) | Available (subject to conditions) | ✓ (monthly, quarterly, half-yearly) |
Sources: Official IPIDs — LALUX, Foyer, AXA, Baloise — June 2026.
Notes: With LALUX, theft is only covered within the insured building or its outbuildings on the same site; flood and earthquake are available as options. Professional indemnity is an option for sectors 1 and 4; directors’ liability is an option for all sectors. With AXA Atouts Pro, cyber risks and associated data losses are explicitly excluded; public liability, product liability, professional indemnity and legal protection can be taken out independently of property cover. With Foyer, instalment payments are subject to conditions and may incur additional costs. With Baloise, directors’ and officers’ liability is explicitly excluded.
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Compare now →Multi-risk or professional liability only: which is right for you?
Multi-risk business insurance is not always necessary for every profile. Here is how to choose between professional liability insurance alone and a full multi-risk policy based on your situation.
Liability cover alone may be enough
- You work without dedicated premises (home office or co-working)
- You have no stock or expensive professional equipment
- Your work is primarily intellectual (consulting, coaching, freelance IT…)
- You have no employees or very few
- Your main risk is a service error, not a physical claim
- No protection if your equipment is stolen or damaged
- No compensation if your business is forced to close
Multi-risk cover recommended
- You have commercial premises, a workshop or a practice
- You have professional equipment or stock to protect
- You employ staff or receive members of the public
- A forced closure would put your cash flow at risk
- You work in retail, trades, hospitality, healthcare or construction
- Higher premium than liability cover alone
- Some covers may be unnecessary depending on your activity
Multi-risk business insurance costs in Luxembourg 2026
The cost of a multi-risk business policy depends on many factors: premises size, value of insured equipment and stock, turnover, sector, headcount and the covers selected. The ranges below are indicative estimates based on the Luxembourg market — the actual premium is always calculated on a personalised quote. For more detail, see our pricing guide.
| Profile | Essential cover (liability + basic assets) |
Comprehensive cover (+ business interruption, options) |
|---|---|---|
| Sole trader / small practice no employees | ~€1,000 – 2,000/year | ~€1,500 – 3,500/year |
| Micro-business / tradesperson 2–5 employees, premises ≤ 200 m² | ~€1,500 – 3,500/year | ~€2,500 – 6,000/year |
| SME with premises 5–20 employees | ~€3,000 – 8,000/year | ~€5,000 – 15,000/year |
| Restaurant / HORESCA higher-risk activity, exposed premises | ~€2,000 – 5,000/year | ~€4,000 – 10,000/year |
| Medical / paramedical practice | ~€2,000 – 5,000/year | Varies by specialism |
| Construction company + decennial and all-risks site cover extra | ~€3,000 – 8,000/year | ~€6,000 – 15,000+/year |
Switchr estimates based on the Luxembourg insurance market — June 2026. These ranges are indicative only and do not constitute a firm quote.
The main lever on a multi-risk premium is your choice of covers: business interruption, machinery breakdown, natural disasters and directors’ liability add significantly to the cost. Start with the covers that are essential to your business, then add options based on your actual risk exposure.
Multi-risk business insurance by sector
The risks to prioritise vary considerably from one sector to another. Here are the essential multi-risk covers for each type of business, with the specific guarantees you should not overlook.
| Sector | Priority covers | Watch out for |
|---|---|---|
| Retail & Trades | Asset protection (stock, equipment) + public liability + product liability | Theft, stock fire, entrusted items — check the scope of theft cover with LALUX (limited to the insured site) |
| HORESCA | Comprehensive multi-risk + business interruption + public liability | Food poisoning (product liability), frozen goods, premises fire — AXA and Baloise include goods defrosting in base cover |
| Medical & Healthcare | Public liability + professional indemnity (mandatory) + practice protection | Medical equipment, machinery breakdown — professional indemnity available from all 4 insurers — product liability excluded by LALUX for the medical sector |
| Construction | Public liability + product liability + site equipment protection | Subsidence damage (LALUX sector 6 specific cover) — all-risks site cover and decennial liability: separate contracts |
| Liberal professions | Public liability + professional indemnity + premises and office equipment protection | Mobile IT equipment — professional indemnity optional at LALUX (sector 1) and Baloise, included at Foyer — legal protection |
| IT & Consulting | Public liability + professional indemnity + IT equipment cover | Cyber insurance is essential as a complement (excluded from all standard multi-risk policies) — AXA covers mobile IT equipment worldwide |
| Property & Finance | Public liability + professional indemnity (mandatory for estate agents) + directors’ liability | Directors’ liability available at LALUX (option) and Foyer — excluded at AXA and Baloise — criminal defence essential for client disputes |
Cyber insurance: a blind spot common to all multi-risk policies. None of the 4 multi-risk business insurance products in Luxembourg cover cyber risks. AXA Atouts Pro explicitly excludes them in its IPID. If your business handles client data, invoices online or relies on digital tools, a dedicated cyber insurance policy is essential alongside your multi-risk cover.
How to choose your multi-risk business insurance in Luxembourg
Take stock of your business assets
Estimate the replacement value of your equipment, machinery and stock. This figure determines the insured sums for asset cover — underinsurance can lead to partial compensation in the event of a claim. Also factor in the building if you own the premises, and any fit-out if you are a tenant.
Assess your ability to absorb a forced closure
If a fire or water damage forced you to close for several weeks, could you absorb the loss of turnover? If not, business interruption cover is essential. With LALUX, commercial downtime cover only applies to insured claims (fire, water damage, weather perils) — which is more restrictive than the broader business interruption cover offered by Foyer and Baloise.
Identify your liability risks
Public liability covers accidents linked to your business (an injured customer, damage caused by your staff). Product/completed operations liability covers damage caused by your products or work after delivery or completion. Professional indemnity specifically covers your service errors. With AXA Atouts Pro, all three liability covers can be taken out independently of asset cover — a useful flexibility if you only need liability insurance without insuring premises.
Compare limits, exclusions and territorial scope
Check the policy limits — with LALUX, the liability cap reaches up to €12,000,000 per claim. Look carefully at key exclusions: off-site theft with LALUX, cyber risks excluded with AXA. With LALUX, flood and earthquake are not included as standard but can be added as options. Liability is worldwide with all insurers (with some exceptions for the USA and Canada with Baloise and AXA). Accidental pollution cover is limited to Luxembourg with both LALUX and Foyer.
Choose the policy that fits your sector and needs
LALUX easyPROTECT PRO is built around 8 business sectors with sector-specific covers — ideal for liberal professions, healthcare, construction, automotive and agriculture; directors’ liability available as an option. Foyer Multirisque Pro suits retailers and SMEs seeking maximum flexibility, with directors’ liability and key person accident cover included — two benefits not available at AXA or Baloise. AXA Atouts Pro is the only policy that lets you take out liability cover independently of asset cover. Baloise Business stands out for its specific options (data reconstruction, wine cellar, refrigerated goods). Use our comparison tool to assess all options against your profile.
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Go to the comparison tool →Frequently asked questions about multi-risk business insurance
What is multi-risk business insurance?
It is a single policy that combines several families of cover: protection for your business assets (building, equipment, goods) against claims such as fire, theft or water damage; civil liability (public liability, product/completed operations liability, professional indemnity); and financial cover such as business interruption. The advantage is managing all your risks under one policy, with a single point of contact and one renewal date.
What is the difference between multi-risk business insurance and professional liability cover alone?
Professional liability only covers damage you may cause to third parties in the course of your work. It does not protect your own assets. Multi-risk business insurance is broader: it includes liability cover and adds protection for your assets (building, equipment, stock) as well as financial covers such as business interruption. If you have no dedicated premises or expensive equipment, liability cover alone may be enough. As soon as you have assets to protect, a multi-risk policy is more appropriate.
Is multi-risk business insurance compulsory in Luxembourg?
No, multi-risk business insurance is not compulsory as such. Professional liability insurance is mandatory for certain regulated professions (architects, lawyers, estate agents, doctors…), but not the multi-risk policy as a whole. It is, however, strongly recommended for any business with premises or professional equipment. See our guide to mandatory business insurance for your obligations.
How much does multi-risk business insurance cost in Luxembourg?
The cost varies depending on your activity, the value of insured assets and the covers selected. As a rough guide, a basic multi-risk policy for a sole trader or small shop starts at around €1,000–2,000 per year. For a small business with premises and employees, you should typically budget between €2,500 and €6,000 per year. These are indicative ranges only — the actual premium is always calculated on a personalised quote.
Is business interruption included in multi-risk cover?
It depends on the insurer and the plan chosen. With Foyer and Baloise Business, business interruption is available as an optional cover. With AXA Atouts Pro, it is available as an add-on linked to the base cover. With LALUX easyPROTECT PRO, commercial downtime cover only applies to interruptions caused by an insured claim (fire, water damage or weather perils) — which is more limited than the broader business interruption cover offered by Foyer and Baloise. Always check the exact conditions, particularly the indemnity cap and duration.
Does multi-risk business insurance cover cyber risks?
No — and this is a crucial point not to overlook. None of the 4 multi-risk business insurance products in Luxembourg cover cyber risks. AXA Atouts Pro explicitly excludes them. If your business handles client data, relies on digital tools or is exposed to ransomware attacks, you need a dedicated cyber insurance policy alongside your multi-risk cover.
Which multi-risk policy should I choose for my sector?
LALUX easyPROTECT PRO is built around 8 business sectors with specific cover per profession. Foyer Multirisque Pro is particularly well suited to retailers, tradespeople and SMEs looking to build bespoke cover, notably thanks to directors’ liability (included) and key person accident cover. LALUX also offers directors’ liability as an option. AXA Atouts Pro is the only policy that lets you take out liability cover independently of asset cover. Baloise Business stands out for activities needing specific covers such as data reconstruction or refrigerated goods.
How do I cancel a multi-risk business insurance policy in Luxembourg?
Cancellation takes effect at the annual renewal date with 30 days’ notice by registered letter, in accordance with the Luxembourg Insurance Contract Act of 27 July 1997. Cancellation is also possible within 60 days of a notified premium increase, or upon permanent cessation of business activity. Unlike in France, Luxembourg does not provide for free cancellation after one year of contract.
Can I take out a multi-risk policy if I work from home?
Yes. Your personal home insurance does not cover your professional assets or business activity. If you work from home with professional equipment, you can take out a multi-risk business policy tailored to your situation. At a minimum, professional liability cover is recommended even when working remotely, to cover damage caused to third parties in the course of your work.