Liability insurance | Professional liability in Finland

General liability insurance in short

General liability insurance, often referred to as business 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 you state incorrectly in the sales prospect 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.

Liability claims directed at your company?

Compensation claims
If you become liable for an accident or mistake, we pay.
By your side
Our lawyers and attorneys step in and lead the case for you.
Industry requirements
We know your industry and make sure you have the right insurance.

Liability insurance is the financial backbone of the company

Imagine that you are manufacturing a product that causes damage. Or imagine that you, in your role as advisor or consultant, advise your client into a situation that ends up being harmful for them. Situations may arise in your business operations where you are liable to compensate damages and it can be difficult to predict an accident or mistake.

With our liability insurance, we will help you investigate whether your company is liable for indemnification and negotiate with the injured party. If necessary, we pay the attorney and litigation costs to solve your claim. If you are found liable and have to pay compensation, the insurance will cover the settlement costs.

Liability insurance is there for you, in case your company is liable for an accident, so that you do not have to worry about costly legal proceedings or damages.

Liability insurance - our lawyers are by your side

Your customers may require you to have liability insurance

Your customers, as well as your 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.

How the liability insurance protects you

If you or your employees cause the damage and receive a claim for compensation

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 if a customer is injured whilst visiting the company.

If the company's products or services cause damage

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.

What does liability insurance cost?

Our insurance advisors know your industry and make sure that your business is correctly insured. Start by filling out your business ID at the top of the page and we will contact you.

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What kind of liability insurance coverage do I need?

Each business is different, but you want to make sure that you are covered.

Liability insurance has become increasingly important and today it is an essential part of company risk management. There are several types of liability insurance and what level of security you need depends on various factors. Which one to choose depends on whether you sell products or services, what industry you are in, and what claims may be placed against you. Perhaps you are a board member and need insurance to secure you in that role, for example.

The insurable liability risks of a company can be roughly divided into three groups: damage caused by business operations (operational liability), damage caused by a product (product liability) and damage caused by the incorrectness of an expert's or consultant's assignment (consultant's liability).

Do you work as a consultant or advisor?

If you work in the role of a consultant or expert in various projects, of course it is possible to make incorrect assessments that are difficult to predict. This is why we have a coverage called professional liability insurance (consultant insurance) to protect against damage caused by the incorrectness of an expert's or consultant's assignment. The insurance applies if the business is held liable for a financial loss that a customer or third party has suffered.

Professional liability insurance in Finland