Liability Insurance

Because you have the right to be wrong

COINS - INSURANCE SERVICES

According to the definition of Civil Liability as a legal term, this is the case where someone εί causes by an act or omission, due to negligence, bodily injury and / or material damage to a third party and is obliged to repair it.

The general and broad meaning of this definition does not clearly define the requirements that can be set by the individual affected to the detriment of the culprit who caused the damage.

General Liability Coverage

The coverage of the General Liability to third parties for Businesses as well as for Heads of Families, as well as that of the Professional Liability for any mistakes or omissions of ourselves or our employees in the exercise of our work to third parties, can be an important point of support for any business or individual.

With a Civil Liability program we cover you for physical or material damages, which can be caused to third parties by your professional activity.

Whether you are a private professional or an entrepreneur, there is a range of insurance packages for you that go hand in hand with modern business and business requirements.

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Coverage To Third Parties

Compensation for bodily injury or property damage is at the heart of this commonly heard legal term, but few are aware of both the rights and the obligations it offers.

You will surely have noticed that in the insurance policies there is the term civil liability and the phrase ” coverage for damage to third parties “. As much as you think they do not concern you, they hide the whole essence of insurance and at the same time it is your shield in case you cause material or bodily harm to someone else , such as if you cause a car accident.

That is why civil liability coverage is mandatory by law for car owners . Essentially, civil liability depends on the capacity, but also the act of the culprit. But it is generally divided into five main categories. See which one concerns you and decide how you will be shielded!

The 5 categories of civil liability

1. Civil Liability for a car accident

ΑMost people are probably aware of this coverage, as it is mandatory for car owners. This is an insurance policy which essentially covers you against third parties in the event of personal injury or property damage. In fact, from January 1, 2017 the minimum amounts of insurance coverage can not be lower than the following:

a) 1,220,000 euros per victim, in case of bodily harm

b) 1,220,000 euros per accident, regardless of the number of victims, in case of material damage

2 .Personal and / or family civil liability

Insurance for such liabilities may not be widespread in our country, but the crisis has changed the facts. A family liability insurance policy covers everyone's private life and includes responsibilities arising from the actions of dependent family members. For example, it can put you in a difficult position for damage resulting from cycling or pet ownership , or even from playing any sport.

3. Liability of Members of Boards of Directors and Businesses

A company can face many problems in its operation that have to do with either the logistics infrastructure, the facilities, the products it produces, the environment, and even its employees. An insurance policy provides for all the responsibilities that may arise from the smallest, such as those related to the operation of the space, up to the responsibilities of employers. There are now programs that cover the executives of the companies themselves, as there are many who turn against them, believing that the decisions they made directly affected them.

4. Professional Liability

It mainly concerns the damages that can be caused to third parties and which every professional, whether it is a natural or legal person, has to repair, according to the law. Usually the financial claims of third parties in these cases are very high and with an insurance contract every professional activity is shielded. If you are a doctor, accountant, lawyer, pharmacist, civil engineer or architect, then you must have an insurance policy.

The electricians, plumbers, burner technicians and refrigerants, presented in the table above, fall under the civil liability of the respective sectors. In addition, the coverage of the relevant civil liability is mandatory by European legislation. With Law 3844/2010, the Greek legislation was harmonized with the European one. According to Article 24, liability insurance for a number of technical and non-technical professions that provide services is now mandatory. However, professionals in addition to mandatory coverage often need other additional coverage in order to be fully protected against any eventuality. For example, a comprehensive insurance policy for a plumber or electrician should include, in addition to professional civil liability and general civil liability for the operation of the premises, property insurance coverage and legal protection.

5. Specialized Liabilities

The individual legislation defines more specific responsibilities, such as environmental ones, which have been discussed at European level in recent years. The "polluter pays" doctrine may be right, but it is likely to put you in a difficult financial position if you are a professional, as you will not only pay a fine, but you will also need to repair the damage done to the environment. if your company proves guilty.

As you can see, civil liability is an important regulator of lifestyle in modern societies, so the only way to provide for it is an insurance policy, in order to protect both your personal and professional life against third parties.

Certainly the cost is small in relation to the benefits and responsibilities you will need to take on in such a case. Find out today about the available liability insurance programs and ensure complete coverage!