Natural disaster insurance: Legal obligation postponed – Staggered deadlines for companies

01.04.2025

The mandatory natural disaster insurance was introduced as part of Italy’s 2024 budget law and applies to companies with headquarters or operations in Italy. Initially, this obligation was to take effect on January 1, 2024. However, the Italian government – following initiatives from business associations – has adjusted the deadlines for implementation based on the size of the company.

Staggered Deadline Extension Decided

Government Responds to Pressure from Business Associations

Originally, the insurance requirement was set to begin on January 1, 2024. After numerous requests from the business sector, the Council of Ministers decided on a deadline extension last Friday. The implementation will now occur in stages depending on the company size:

Micro and small companies: until January 1, 2026
Medium-sized companies: until October 1, 2025
Large companies: from April 1, 2025, with sanctions starting only from July 1, 2025

How Your Company Is Classified

The classification is based on the number of employees, annual turnover, and balance sheet total.

Guideline values for company size*:

Company size	Employees	Annual Turnover	Balance Sheet Total
Micro/Small	< 50	< 10 Mio. €	or < 10 Mio. €
Medium	< 250	< 50 Mio. €	or < 25 Mio. €
Large	> 250	> 50 Mio. €	or > 25 Mio. €

Policyholders are encouraged to consult with their business advisors to determine the correct classification for their company.

*As indicated by the Italian Association of Insurance Brokers (AIBA).

Better safe than sorry

Why Early Insurance Coverage Might Still Be Worthwhile

Although the obligation has been postponed depending on company size, it may still be beneficial to take out natural disaster insurance early. This is especially true for companies operating in high-risk areas. The policies not only cover damage to buildings and inventory but also business interruptions caused by natural events.

We Advise You Personally

Assiconsult supports you in implementing the new requirements

As your insurance broker, we are here to assist you in implementing the new requirements. Our team specializes in finding tailored solutions for your company and will guide you through the entire process. We will keep you informed about all relevant developments and help ensure that you have the right coverage for your business.

Should you have any questions or require personal advice, we are always available to assist you.