Everyday business life can be full of pitfalls. It can happen very quickly, suddenly, through no fault of your own, you find yourself faced with financial and legal problems that you can no longer manage on your own. No need to worry! With an experienced insurance broker, you have a strong partner on your side to protect you from such problems. Whatever coverage you need, we put together a comprehensive package for you that takes the risk out of your life and removes your worries.
Many people trust a recognized expert. This has its pitfalls. A wrong decision, an inadequate advice can have disastrous financial and legal consequences.
Fortunately, there is professional liability insurance. Certain professional groups, such as lawyers, doctors, managers, architects, engineers and interpreters, can use it to cover themselves in the event of an emergency.
Running a business does not only have pleasant aspects, but is always associated with liability risks. The owner or trader is liable for the damage caused culpably to an unlimited extent with all his assets. In addition, the risks are greatly increased due to strict laws, regulations and requirements.
The company is liable for an unlimited amount for bodily injury or property damage caused. Liability insurance covers the risks of traders, craftsmen, freelancers. The insurance pays for justified claims for compensation and defends against unjustified claims. For some professions, there is even a legal obligation to provide cover.
Fire, storm and similar natural and technical disasters - Due to damage to property, operations can no longer be maintained in whole or in part. There is a risk that business will cease. This can lead not only to loss of customers and competitive disadvantages, but also to loss of profits, as fixed costs such as rent and wages and salaries must continue to be paid.
Business interruption insurance is recommended for manufacturing companies, commercial and craft enterprises and the self-employed. The insurance cover can be tailored to individual needs.
The insurance covers due to damage caused by:
Fire
Burglary
Storm and hail
Natural hazards such as floods, landslides, avalanches
Political unrest, strike or lockdown
Vehicle impact
Not only your residential building can be damaged and destroyed but also your business premises. A single event is enough to suddenly cause huge damage that cannot be covered by current income. For many companies, such a situation is financially unsustainable.
Businesses whose buildings are owned by the company and landlords who rent company buildings should therefore take out company buildings insurance. This insures the business buildings and including the various fixtures and fittings.
Managers must make high-profile decisions on a daily basis. A single wrong decision can cost companies dearly.
CEOs (also shareholders), supervisory board members or board members are personally and unlimitedly liable with their entire private property in case of wrong decisions. For this reason, we recommend that members of the executive bodies take out D&O insurance.
D&O insurance provides insurance coverage if an insured person can be held liable for financial loss in connection with his or her professional activity.
It is no longer possible to imagine a company without sophisticated, sensitive and expensive electronic devices. They are not only aids to everyday work, but are often a prerequisite for being able to work. If these devices cannot be used due to a defect and need to be replaced, electronics insurance can help.
Property damage that is not foreseeable is insured. This includes:
Handling errors, clumsiness, negligence
Theft, burglary, robbery
Defects in workmanship, material or construction
Short-circuiting
Fire, lightning, explosion, collapse, etc.
Water of any kind, moisture
Storm, frost, flooding
Note: Wear and tear and obsolescence are generally not covered by electronic equipment insurance.
As a law-abiding citizen and honest businessman, you pay your taxes on time and do not instigate any violations.
However, the prosecution is more active than you might think. One accusation from a disgruntled customer can be enough.
Company legal expense insurance, also known as criminal legal expense insurance, makes sense for all companies and freelancers who want to protect themselves from the financial risks that can arise when defending against criminal prosecution. The insurance coverage includes the services necessary to represent legal interests:
The cost of the defence lawyer
The costs for experts and valuers
The compensation for witnesses
Please note: The benefits of the company's legal expense insurance serve as a defense against an unjustified accusation of wrongdoing. If the proceedings result in a legally binding guilty plea, the advances must be returned.
Accidents happen quickly: if business equipment is damaged and rendered unusable, it can cost a company dearly. Group business insurance insures the value of the company's facilities, goods and supplies, and the tools of the company's employees.
From company cars to trucks - a company's vehicles are often an essential part of running its commercial activities. In today's world, mobility and flexibility are extremely important for companies. If a vehicle breaks down due to damage, quick action must be taken to avoid financial consequences.
Companies and freelancers who own company cars or their own fleet of vehicles can take out the following insurance policies:
Third party insurance
Third party insurance
Fully comprehensive insurance
Passenger accident insurance
Comprehensive comprehensive insurance
Driver protection insurance
Operator error, machine breakage and product failure are just a few examples where machinery insurance provides more extensive coverage than business insurance.
The financial burden of a machinery breakdown can be covered by machinery breakdown insurance.
Machinery insurance covers unforeseen damage related to operation.
Note: For mobile equipment, machinery insurance covers damage caused by fire and, if requested, also damage caused by theft. For stationary equipment, fire damage must be covered by fire insurance. Physical damage is not covered by machinery insurance.
Every business is in a state of risk. The equipment of the business, for example, must be protected against fire or burglary, and third-party liability claims must also be covered. MultiRisk insurance offers the possibility of bundling all important coverages in one policy. In this way, a company can obtain the protection it needs centrally from a single source.
Depending on the offer, MultiRisk insurance can include the following coverages:
liability insurance
Machinery insurance
Business closure insurance
A shipped product is damaged or defective and the recipient requires a replacement. Depending on the industry, this can be very expensive. Extended product liability insurance is an additional coverage under business liability insurance and is particularly necessary for manufacturers of raw or intermediate products.
It covers claims for compensation from third parties for net economic losses (so-called cost losses) arising from:
the absence of justifiable characteristics
further processing and transformation
combination or mixing with other products
dismantling of the defective product and installation of a product without defects
Manufacture of defective products with supplied defective machinery.
Note: Insurers do not provide insurance coverage for damage to their own product or for subsequent delivery of a product without defects.
Protecting the environment is a rightly declared goal of the state: nature in all its biodiversity must be preserved for future generations.
We therefore recommend environmental liability insurance. Coverage depends on the scope of the contract. The insurance covers legal liability under the Environmental Liability Act or the Environmental Damage Caused by Operational Facilities or Business Activities Act. For both laws, strict liability applies. The Environmental Damage Act applies even to damage to the insured's land.
You bear a high degree of responsibility when advising your clients or making decisions on their behalf. Some of these decisions may turn out to be wrong and some are even irrevocable.
Certain professional groups, such as notaries, lawyers, tax advisers, but also civil servants and public sector employees, bear a particularly high degree of responsibility.
The decisions, information and recommendations of these professionals are reliable because of their professional experience. But even experts can make mistakes.
Property liability insurance is aimed at individuals, businesses, chambers of commerce, chambers, clubs and associations, companies, as well as civil servants and public sector employees working professionally or voluntarily.
Taking out insurance doesn’t have to be a highly complicated matter. At least not if you have a competent partner at your side who already knows the ropes..
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