Are your assets sufficiently protected?
Our modern society is characterised by increasing liability risks. In recent years, the number of claims has risen tremendously. All the more reason to protect your assets well. One way to do so is by taking out one of the insurance policies below, such as for liability insurance. This will put your mind at ease, and your employees as well!
If you have a business, you could be confronted with all sorts of claims in case of damages; for instance, ones related to business liability or product liability. This policy covers the financial consequences should you or your employees be held liable for personal injury or property damage experienced by third parties.
If this section is included under the policy, you as an employer will be insured against liability risk if someone who conducts work under your authority and management incurs property damage or personal injury.
As a producer or supplier, you can also be held liable by users for any personal injury or property damage that a faulty product causes. If this section is included under the policy, you as a producer will be insured against the consequences of product liability.
As an independent professional, you could be confronted with claims due to damages that result from failing to perform a contract for services or doing so incorrectly (for example, giving the wrong advice or allowing terms to expire).
The professional liability insurance policy will indemnify you against financial losses which are the consequence of purely pecuniary loss (pecuniary loss without property damage and/or personal injury) and which follow from failing to perform a contract for services or doing so incorrectly.
Directors' and supervisors' liability
As a director or supervisor (whether under the articles of association or not), you can personally be held jointly and severally liable for purely pecuniary loss (pecuniary loss without property damage and/or personal injury) which is the consequence of omissions and/or mistakes that can be attributed to you as a director or supervisor.
The directors' and supervisors' liability insurance policy will indemnify you against financial losses which are the consequence of omissions and/or mistakes.
Would you like to know more about asset protection? Raymond Hess is happy to assist you!
+31 (0)88 - 273 32 93