Common questions about business liability.
Actual cover always depends on the business activity, policy, terms and clauses.
Is business liability compulsory for every company?
There is no general legal requirement for every business. Specific professions and activities may nevertheless be subject to statutory, professional or contractual requirements.
What is work damage?
It concerns damage to property directly being worked on, used or held in custody. Standard policies may limit such losses and extensions require specific review.
What does defence against unjustified claims mean?
Within the policy terms, the insurer examines whether a liability exists and defends unjustified compensation claims.
Is product liability automatically fully covered?
No. Depending on the activity, extensions such as removal and installation or further-processing losses may need separate consideration.
How high should the policy limit be?
The limit should reflect possible major losses, particularly severe bodily injury. Sublimits also need to be considered.
What should be done after a claim?
Limit further damage, preserve evidence, avoid unnecessary admissions, observe deadlines and report the claim promptly.
Can an existing policy be reviewed?
Yes. Key points include the business description, extensions, exclusions, sublimits, deductibles and territorial scope.