Directors and officers (D&O) liability insurance protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company.
Employers Liability
The 1997 is a milestone for occupational safety and health in our country after its entry into force of Law 63/97, which provides for compulsory insurance against any employer liability to the employees. This law defines the obligations of both employer and those of the employee. A fundamental requirement of the law is the responsibility of every employer to “ensure, so far as is reasonably practicable, safety, health and welfare at work of all employees.” This of course implies that every employer must act in advance, so as to reduce the maximum exposure of employees to the multiple risks presented in each company.
Mandatory coverages according to law:
- € 160.000 per employee (higher coverage can be offered)
- € 3.415.000 per occurrence
- € 5.125.000 per insurance period
Professional Indemnity Policy
Any errors or omissions are human weaknesses even the most conscientious professional. These responsibilities may bring him face to face with claims that may be economically “unsustainable” in relation to professional fees.
The current professional (Physical Person or Company) is in need of legal and financial protection for the smooth conduct of business without additional anxiety for the consequences of errors or omissions or the employees.
Modern developments require professional indemnity insurance not only as a welfare and a presumption of reliability – guarantee of service
Public Liability Policy
The Public Liability insurance policies provide coverage for the Insured against Liability for bodily injury, death, loss damage or destruction to property of others or under construction, business, the building or the premises of the insured who holds or performs they control.
At any moment we could be liable to pay compensation to third parties who are injured or their property damaged or destroyed by the negligence of someone.