Liability insurance gives the company financial security
Imagine that you are manufacturing a product that causes damage. Or that you as an advisor or consultant give advice that leads to your client losing money. It is difficult to predict an accident or mistake and having liability insurance is therefore important.
With us, you get insurances that are tailored to your business. Our lawyers and attorneys speak for you. If the outcome is that you have to pay compensation, the insurance will cover this.
Your customers may require liability insurance
Your customers, or potential customers, can demand that your company has liability insurance. In certain industries, it is a great advantage to be able to prove that the company has liability insurance. The insurance creates security both for you and for the customer.
The liability insurance covers if your company receives a claim as a result of injuries or damages to persons or their assets.
An example could be that you or an employee destroys something when working for a customer, or a customer is injured whilst visiting the company.
It is important to have protection if the company's goods, products, or services cause damage and claims. This applies to all products that your company sells.
Liability insurance helps the company if an accident or error occurs which leads to the company receiving a compensation claim. Liability insurance can help the company with investigation and negotiation, as well as lawyers who handle the case for you. Furthermore, liability insurance covers the payment of any claim. The insurance applies for property damages and personal injury claims.
Example 1: Claims as a result of an accident
You own a store and have just washed the floor when a customer enters and slips on the wet floor. If the customer is injured, the company may be liable for the damage. Such damage can be costly if the customer requests compensation.
Example 2: Claims against a real estate agent
You work as a real estate agent and write incorrectly in the sales prospectus that an apartment comes with a parking space. This did not turn out to be the case. The loss this entails is covered by the professional liability insurance.