Business civil liability insurance
Every day your employees are working on your own company sites or at clients. Unfortunately, not all activities run smoothly all the time. Third parties may also be victims of an accident or carelessness caused by you or one of your employees. Accidents can happen easily, but the financial consequences can be dire.
Protect yourself and your business against damage to third parties with business civil liability (BA) insurance. The policy consists of four parts:
Civil liability for commercial operations: covers damage to third parties while carrying out a professional activity.
Civil liability for entrusted property: covers damage to goods and tools entrusted for carrying out works
Civil liability for subsequent delivery: covers damage to third parties caused by a defective product or work that has been carried out.
Legal assistance: covers lawyer’s fees and legal costs in the event of prosecution or own recovery from the liable party
Director’s liability insurance
Cover yourself as a director against joint and several liability with a Directors & Officers policy. This director’s liability insurance covers:
This insurance provides indispensable protection of your private assets. Not only do you cover the financial consequences of a management error, but you also protect yourself against huge legal costs.
Depending on the needs of your business, you can supplement this policy with:
Liability of management companies: In the separate Management Company Protector policy, all insurable liability risks are contained in one policy: Professional indemnity and director’s liability, civil liability for commercial operations, and employment liability.
Liability with regard to employment practice errors: protects directors and employees in cases of claims for damages for discrimination in the workplace, wrongful dismissal or suspected sexual harassment.
Professional indemnity insurance
As a service provider, your firm assists clients and other businesses with advice and services.
But what if clients are not satisfied and claim to suffer losses by working with your company?
What about contractual liability? What happens when contractual obligations are not met?
Is the claim well-founded? What is the actual damage and what is the liability limitation? What exactly was agreed in the cooperation contract?
Professional indemnity insurance protects your company against damage resulting from advice, calculations or actions.
For whom is a professional indemnity policy useful?
A professional indemnity policy is mandatory for certain regulated professions, such as lawyers and architects.
Other professions such as IT and business consultants can also benefit from this policy.
It is useful for all service providers, especially in the medical, legal and financial sectors.
The three main advantages of professional indemnity insurance are the following:
It protects you against the financial consequences of damage.
It gives peace of mind.
It signals your professionalism to the client
Objective liability
Do you own a business that is open to the public and appears in the legal list? If so, you are required by law to take out insurance for Objective Liability for Fire or Explosion.
Supermarkets, clothing stores, party halls, sports complexes, offices, restaurants, amusement parks, pubs and other businesses that are open to the public must take out cover against the risks of fire and explosion.
This insurance covers the business owner’s liability:
