Operational liability insurance is designed to protect you against any damages you may cause in the course of your professional activities.
The purpose of operational liability coverage is to address extracontractual liability that may arise for the insured company due to damages inflicted on third parties as a result of harmful events occurring during operations.
Coverage includes: the policyholder, meaning the company itself, for its liability as well as that of individuals for whom it is accountable; family members of the individual entrepreneur involved in the business; directors, managers, partners, auditors, and agents of the insured company; as well as employees, apprentices, interns, and volunteers, etc.
The premium rate is determined based on the company's activities, the insured amounts, and the extent of the coverage taken out. The basis for calculating the rate is either the total gross salaries allocated to personnel or the company's revenue. A deductible is typically included.
You may sometimes receive items for safekeeping or to be worked on. As the custodian, you are responsible for them.
If this is the case, adding a “Custody of Property” extension to your civil liability policy is essential.
The purpose of After Delivery coverage is to protect the insured company against extracontractual liability for damages caused to third parties as a result of harmful events occurring after delivery.
Coverage includes: the policyholder, meaning the business itself, for its liability and that of the individuals for whom it is accountable; family members of the individual entrepreneur involved in the business; directors, managers, partners, auditors, and agents of the insured company; as well as employees, apprentices, interns, and volunteers.
The insured amounts for property and personal injury damages are negotiable, ranging from €25,000 for property damage to €124,000 for personal injury, or a total of €2,500,000 combined for personal injury and property damage.
The premium rate is determined based on the company's activities, the insured amounts, and the extent of the coverage taken out. The basis for calculating the rate is either the total gross salaries allocated to personnel or the company's revenue. A deductible is typically included.
Asa company director, your personal liability may be engaged for mistakes made in the course of your duties, even if the management errors were not made by you but your fellow directors.
Directors and Officers Liability Insurance (D&O) covers management errors committed by directors in the course of their duties. The primary purpose of this coverage is to protect the personal assets of individuals in leadership roles who find their liability questioned in this capacity. Given the increase in claims, D&O coverage has become an essential means of protecting directors.
The purpose of Professional Liability Insurance is to cover both contractual and extracontractual liability incurred through the exercise of a profession due to damages suffered by third parties as a result of services rendered.
The premium rate is expressed per thousand and is calculated based on the company’s revenue. It is determined by the nature of the business and the insured amounts.
A deductible is typically included.
