Liability insurance is one of the most important insurances and essential for companies and self-employed entrepreneurs. Let us help you find the right liability insurance for your business.
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.
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.
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 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.