Since you as an entrepreneur are liable for all the damages resulting from your operation, therefore you need a company liability insurance.
According to the § 823 of the German Civil Code: ‘Whoever intentionally or negligently injures others’ life, body, health, freedom or any right in an unlawful manner, he/she is liable to compensate the other party for the damages resulting from it.”
Based on this, you – as owner and entrepreneur – are liable for the conduct of the employees and other assigned persons with your personal wealth up to an unlimited amount, and due to this, you need a company liability insurance.
What is a company liability insurance?
The company liability insurance provide services in case of personal and material injury, which is caused by you, your company or your employee to a third party. Just because you, as company owner, are liable for your employees, it is important to conclude the company liability insurance.
What services are provided by the company liability insurance?
In case of the claims for damages incurred, the company liability insurance examines if these are rightful against you, and if it is unlawful, the insurer refuses it on behalf of you – even before the court. It is good because the costs of it are assumed by your company liability insurance. The rightful claims for damages are covered by the company liability insurance according to the agreed services.
Do you need a company liability insurance?
The objective Partner office of our company is happy to be at your disposal, and searches for the best insurance for you.
Contact us and ask for our offer!