On March 28, the extension decree for SMEs stipulates that the deadline provided for in Article 1, paragraph 101 of Law 30 December 2023, n. 213 is now deferred as follows:
A) for medium-sized enterprises as of October 1, 2025;
B) for small and micro enterprises as of January 1, 2026.
For all other companies referred to in paragraph 1, the provision referred to in Article 1, paragraph 102 of Law 30 December 2023, no. 213, applies with effect from March 31, 2025.
Attention to the fact that the term remains fixed for large companies, without sanctions for 90 days from the implementation date. In essence, large companies now have 90 days to comply with the decree.
The obligation in question was introduced by article 1, paragraphs 101 to 111, of the 2024 Budget Law (Law no. 213/2023), and applies to all companies with registered office in Italy, and companies with registered office abroad but with a permanent establishment in Italy, required to register in the Italian Chamber of Commerce.
It should be noted that there are two major exceptions to the insurance obligation:
- Agricultural enterprises (ex art. 2135 of the Civil Code) to which the discipline of the National Mutual Fund for the coverage of catastrophic weather damage to agricultural production caused by flood, frost, and drought applies,
- Companies whose real estate does not have the required construction authorization. These buildings are subject to a different set of obligations.
The insurance policy must cover the goods referred to in Article 2424, first paragraph, Asset section, item B-II, numbers 1), 2) and 3), of the Civil Code. Read also: Disaster risk policies companies: only for assets registered in the SP