Liability insurance
In the scope of your work, you may cause damage to health or property to third parties. It is therefore advisable to be insured to avoid possible consequences.
Overview
Liability insurance can ensure that the damage is paid out to the injured party in the event of an insured event if you are responsible for the damage caused.
The amount of the premium for this type of insurance depends primarily on the turnover of the company in the previous year or the expected annual turnover in the following year, the number of employees, rental income or the required sum insured.
Basic offer
Subject of the insurance
The insurance covers claims for damages for bodily injury and property damage and other resulting property damage asserted against the insured person on the basis of the liability provisions.
Scope of the insurance
- Public liability for damages
- Liability for damage caused by a defective product of the insured person
- Liability for damage caused by the ownership of real estate (used for the performance of the insured activity)
- salvage costs incurred by the insured after the occurrence of the insured event
- court and out-of-court costs of establishing claims and defending claims for damages
- costs of defence in criminal, administrative or disciplinary proceedings conducted on the instructions of the insurer
Extended offer
In liability insurance, it is possible to take out several supplementary insurances. In general, the sub-insurances from the list below are concluded with an indemnity limit within the sum insured for the basic cover (sub-limit).
- liability for property damage caused by environmental violations
- extended product liability
- the cost of withdrawing the product from the market
- liability for net property damage
- liability for damage to rented property
- liability for damage to the property of immovable property (not used for the performance of the insured activity)
- liability for damage to rented movable property (used property)
- liability for damage to property taken into custody
- liability for damage to movable/immovable property (property taken over)
- recourse claims by social security and/or health insurance funds
- mutual liability
Environmental liability insurance
This insurance covers liability within the meaning of Act No. 359/2007 Coll. on the prevention and remediation of environmental damage, according to which operators are obliged to prevent imminent environmental damage and to take remedial action in the event of its occurrence.
The insurance covers:
- the costs of remediation measures for environmental damage to protected species, protected habitats and water bodies (including primary, additional and compensatory remediation measures),
- the costs of remediation measures for environmental damage to land.
HDI's environmental liability insurance can be taken out as a supplement to general liability insurance.
Advantages of HDI Insurance:
- the possibility to extend the territorial scope of the insurance to the whole world or to the world excluding the USA and Canada.
- the possibility to provide high coverage amounts (even above 5 million EUR) and high sublimits for additional policies
- pecuniary loss liability is included in full in the basic coverage
- cover for liability for damage caused by defective products manufactured before the insurance contract was concluded
- in the case of property damage insurance for environmental damage, the so-called 72-hour clause is not applied (the insured is not obliged to report the damage within 72 hours)
- the insurance of defence costs is without limitation and without specifying the nature of the costs
- the possibility to issue the insurance contract and other documents (e.g. insurance certificates) in a foreign language.