LIABILITY INSURANCE

Liability & professional indemnitywhen liability comes at a cost.

A claim from a client or third party for damage, injury or financial loss can be very costly, even when you are not at fault. Liability insurance covers compensation and defence costs.

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Types of liability insurance

Public liability: for injury and property damage to third parties from your activity or premises
Professional indemnity: for errors or omissions in the services you provide (doctors, engineers, accountants, lawyers, consultants)
Directors & officers (D&O): for board members and senior managers
Product liability: for damage caused by products you make or distribute
Employer’s liability towards staff, depending on the programme
Legal protection, depending on the programme

Who needs it

Every business that receives customers or visitors, every professional who gives advice or services, and every company with a board of directors. For some professions professional indemnity is compulsory or required by contracts and tenders.

What to check

The limit per claim and per year
The period of cover and what applies to claims made later
The exclusions, which vary a lot by profession
Whether legal defence costs are covered

Covers, limits and exclusions are always defined by the terms of the insurer’s policy.

WHY NIVIS

The right advisor makes the difference.

32 partner insurersWe compare programmes from a large number of insurers, so we find the cover that suits you rather than simply the first one available.

Access to the London marketFor risks that are hard to insure in Greece, we have access to the international London market through our partners.

45+ years of experienceA family business with a long presence in the insurance market. We know what to check before you sign.

One advisor for youOne person who knows your programme, keeps you informed at renewal and stands by you if you need to claim.

FREQUENTLY ASKED QUESTIONS

Liability & professional indemnity: frequently asked questions

What is the difference between public liability and professional indemnity?

Public liability covers injury and property damage to third parties. Professional indemnity covers clients’ financial losses from errors or omissions in your services.

What is D&O insurance?

It covers the personal liability of board members and managers for management decisions, as well as their defence costs.

Is professional indemnity compulsory?

For some professions it is compulsory by law or by the professional body, and it is often required in contracts and tenders. We will tell you what applies to you.

Are legal costs covered?

Most liability programmes also cover defence costs, within the policy limits.

For every risk, the right cover.

Talk to a NIVIS advisor, with no obligation.

Request a quote 210 9405223-6