Underwritten by Quick Sigorta 
Prudent Merchant (Basiretli Tacir) Business Insurance takes its name from the "prudent merchant" concept in Article 18(2) of the Turkish Commercial Code. The law expects every merchant to act like a prudent, far-sighted and careful businessperson in all commercial activities, and insuring the business and its operations properly is part of that duty of care.
Quick Sigorta's package is similar in scope to Yedekleyen Business Insurance; the difference lies in some limits. The limits for contents in the open, third-party and employer's liability and the tenant's liability to the owner are higher, while the legal protection limit is lower. We put the two packages side by side against your business risks and decide together which one suits you.
What is covered?
- Fire, earthquake, flood and landslide (building and contents)
- Strike, lockout, civil commotion, malicious acts and terrorism
- Internal water, storm, smoke, hail, vehicle impact and snow load
- Contents kept in the open (limited)
- Third-party liability (limited)
- Employer's liability (limited)
- Tenant's liability to the owner (limited)
- Legal protection (limited)
Cover table
| Cover | Prudent Merchant | Yedekleyen |
|---|---|---|
| Contents in the open | TRY 10,000 | TRY 5,000 |
| Third-party liability | TRY 100,000 | TRY 50,000 |
| Employer's liability | TRY 100,000 | TRY 50,000 |
| Tenant's liability to owner | TRY 100,000 | TRY 5,000 |
| Legal protection | TRY 5,000 | TRY 50,000 |
What you should know
Prudent Merchant Business Insurance is a Quick Sigorta product, arranged through our agency. Although its scope is similar to Yedekleyen Business Insurance, the two cover lists may not be identical; we check the exact scope with you using the product information form.
The table shows only the limits that differ between the two packages. The limits are based on information published by Quick Sigorta and may change; contact us for current amounts.
For businesses with many customers or employees, the liability limits inside the package may still fall short. In that case we recommend raising them with a separate employer's or third-party liability policy.
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Frequently asked questions
Under the Turkish Commercial Code, every merchant must act like a prudent businessperson in all commercial activities, that is, with foresight and taking the necessary precautions. The product takes its name from this duty.
The scope is similar. The Prudent Merchant package has higher limits for contents in the open, third-party and employer's liability and the tenant's liability to the owner, and a lower legal protection limit.
If liability towards third parties and employees is your main exposure, Prudent Merchant may be the better fit; if the legal protection limit matters more to you, Yedekleyen may be. We listen to how your business works and compare both packages for you.
The information on this page is for general guidance and does not replace policy wording. Scope of cover, limits, deductibles and exclusions are determined by the general and special conditions of the insurer you choose.