Professional civil liability
Key characteristics
- Insurance of specialised services
- Complex product with multiple options
- Expert consultancy
This professional civil liability insurance compensates damages mainly caused by negligence in the exercise of the profession. It covers practitioners of certain professions who offer consultancy or provide specialized services.
Who needs malpractice insurance?
We list the following professionals: builders, architects, notaries, lawyers, doctors, pharmacists, accountants, teachers, brokers, interpreters and translators, and operators and agents authorized to register warranty notices in the Electronic Archive of Real Movable Guarantees.
They may cause harm to customers or third parties due to error, negligence, omission, or fault.
The following risks are covered by this professional liability insurance:
- The insured is obliged to pay to third parties’ different amounts as a result of personal injury or damage caused to property.
- Moral damages of the damaged person.
- The insured costs of the insured if he was obliged to pay compensation.
- Court costs of the injured third party, if the Insured was obliged by law to pay damages.
- Damage caused by loss, destruction or damage to documents, burglary.
- Any loss caused by error, mistake, negligence or omission of a partner or employee of the insured in direct connection with the activity of accounting expertise.
The following risks are covered by this professional liability insurance:
- The insured is obliged to pay to third parties’ different amounts as a result of personal injury or damage caused to property.
- Moral damages of the damaged person.
- The insured costs of the insured if he was obliged to pay compensation.
- Court costs of the injured third party, if the Insured was obliged by law to pay damages.
- Damage caused by loss, destruction or damage to documents, burglary.
- Any loss caused by error, mistake, negligence or omission of a partner or employee of the insured in direct connection with the activity of accounting expertise.
Exceptions and cases for which the insurer is not responsible
- The activities of the insured outside a contract concluded with his client.
- Damages intentionally caused by the insured.
- Claims for war damage in any form, rebellion, confiscation, seizure, destruction or damage by order of a government or public authority.
- Direct or indirect legal civil liability caused by radiation, nuclear contamination, pollution and others as the case may be.
- The consequences of some circumstances that lead to a claim as a result of an activity carried out before the beginning of the validity of the current insurance
Under what conditions is the compensation granted?
The indemnity is based on the insurance contract and is limited to the insured amount. To receive compensation, the insured must cause harm to a third party through negligence, recklessness, or professional incompetence. The damage must be personal, direct, and certain.
To learn more about this type of insurance or to purchase professional civil liability coverage, we invite you to schedule an appointment with a Destine Broker consultant, here.
Under what conditions is the compensation granted?
The indemnity is based on the insurance contract and is limited to the insured amount. To receive compensation, the insured must cause harm to a third party through negligence, recklessness, or professional incompetence. The damage must be personal, direct, and certain.
To learn more about this type of insurance or to purchase professional civil liability coverage, we invite you to schedule an appointment with a Destine Broker consultant, here.
What are the obligations of the insured?
- The insured agrees to pay the professional civil liability insurance premium on time.
- Notification of the insured event must be made to the insurer on the date it occurs.
- Payment or settlement decisions with the injured person requires the insurance company’s consent.
- Professional activity must not be practiced during the suspension of the free practice authorization.
