Facing the inevitable: Catastrophic Risk Insurance Becomes a Reality for Italian Businesses

A recent gathering at Confartigianato Imprese di lucca highlighted the growing concern and need for clarity surrounding mandatory insurance against catastrophic damage for businesses in Italy. The high attendance underscores the urgency and relevance of this issue for local entrepreneurs.

the Legal Framework: Decree 18/2025 and its Implications

The driving force behind this increased focus is Decree 18/2025, published in Official Gazette n. 48 on February 27, 2025. This decree, dated January 30, 2025, outlines the “Regulation containing implementing and operational methods of the insurance schemes of catastrophic risks pursuant to article 1, paragraph 105, of the law of 30 December 2023, n. 213.” Set to take effect on March 31st, it completes the regulatory framework established by Article 1, paragraphs 101 to 111, of the 2024 Budget Law (law 213/2023), mandating insurance coverage for company real estate against damage directly caused by natural disasters.

These disasters include:

• Earthquakes (Sismi)
• Floods
• Landslides
• Flooding

expert Insights and Concerns from the Ground

During the Confartigianato Imprese di Lucca meeting, Generali agent Marco Porciani, along with Piero Gennai and Amedeo Porciani, presented the new regulatory system. They emphasized that companies registered in the Register of Companies must secure insurance contracts to cover damages to their real estate and instrumental assets directly resulting from catastrophic events.Though, they also acknowledged notable concerns and uncertainties within the business community.

many entrepreneurs view this mandatory insurance as yet another financial burden, especially in a market that is still developing and perhaps lacking in mature and diverse offerings. This sentiment reflects a broader unease among small and medium-sized enterprises (SMEs) regarding increasing regulatory demands.

Addressing the Concerns: open Dialog and Available Resources

the meeting provided a valuable platform for artisans to directly address their questions and concerns to the experts. The speakers offered personalized consultations and quotes to interested companies, demonstrating a commitment to assisting businesses in navigating this new landscape. This proactive approach is crucial in fostering understanding and compliance.

Further Information and Support

Businesses seeking additional information or assistance are encouraged to contact the Confartigianato offices at 0583.47641.