DETAILED TESTS TO MINIMISE LIABILITY RISKS

As a business owner, you are confronted with new liability risks on a daily basis. One of your products turns out to be defective or an accident occurs on your business premises: you are responsible. That is why it is important to recognise your risk exposure and to have taken the right precautions. For that reason, we check your contractual liabilities and analyse the possibilities of recourse vis-à-vis your suppliers.

Here is what Jobst-Christian Haacke has to say: “In many industries such as the car and food industries, it is customary today to specify the legal liability of producers in great detail using contractual expansions. Warranty deadlines are being extended, hold-harmless agreements and arbitration clauses are being inserted and coinsurance of third parties demanded. In such cases, an expansion of the liability policy will always be necessary, since provisions of this kind go beyond the legal requirements.

In addition to the broadest possible comprehensive coinsurance policy, it is necessary to conduct a regular examination of the individual risks in order to ensure the greatest possible compliance with the coverage.

Our in-house lawyers provide intensive support to our clients within the scope of the legal advice permitted by the European Insurance Mediation Directive in identifying these so-called extended liabilities and in reaching an agreement on corresponding insurance coverage."