Business liability insurance covers damages resulting from unintentional faults (errors, oversights, inaccuracies, omissions, negligence) directly related to the service provided or sale made, caused to others.

By ‘your company’ we mean: yourself, managers, employees, subcontractors, equipment, premises, vehicles, products and services of your company.

“Other persons” means any person directly or indirectly connected with your company such as your customers, suppliers, partners, prospects, visitors, employees, etc.

In some cases, taking out such a policy is compulsory., but it is still worthwhile taking out cover when this is not the case. Not only are you covered in the event of a problem, but your clients and partners will also be more inclined to trust you. It is common for a client to ask you for proof of professional liability insurance, or for you to provide it in order to respond to a call for tenders.

What does corporate liability cover?

The following types of corporate liability insurance can be distinguished:

• Professional Liability Insurance may be sufficient when you are engaged in purely intellectual activities. In some cases, you will be required to take it out.
• Objective fire or explosion liability insurance must also be taken out as soon as you operate establishments open to the public.
• Product liability or after delivery relates to damage caused after delivery by the company's services or products.
• Operating liability insurance covers the company's liabilities during operations and related tasks. When you store goods for processing or borrow tools to carry out your activities, this coverage can be extended to warranty Items entrusted.
• Director and Officer Liability Insurance (D&O) will cover you against the risks your company may face due to the liability of one of its directors.