WHY DO I NEED A PUBLIC LIABILITY INSURANCE?
Despite compliance with the strictest safety requirements, best possible organization and quality management, we are still only humans. Even small mistakes can have huge effects and lead to claims for damages that can easily threaten the existence of a company. A public liability insurance protects you against claims which arise directly from operation or your products. Due to increased exports, the division of labour in production processes and efficiency enhancement measures, product liability has gained in importance. Liability risks are comprehensive and yet very individual. With decades of experience in the international insurance industry, we are the perfect partner to develop optimal insurance solutions for your company in your business sector. Regarding the topic of claims for damages, please also refer to our information on Corporate Legal Liability Insurance.
TYPICAL EXAMPLES OF DAMAGE
Cover of costs for justified claims for damages
Defence against unjustified claims
Protection against claims due to alleged or actual product defects
Cover also for pure financial damages
Managing directors, managing board members and advisory board members
Workers and employees in the performance of their work