Liability insurance

A decisive criterion for the security of a business is the quality of its liability insurance. The coverage concepts must be regularly adjusted due to constantly changing laws, regulations, court decisions and company profiles. This challenge is addressed by GGW Group with a specific concept for the operating platform industry.

Essential contents:

  • Choice of 3 million or 5 million euro blanket coverage for personal and property damage
  • Leasing with or without personnel, trade and service for third parties is deemed covered
  • Additional areas of activity can be included 

 

The following are some of the items deemed included in the existing insurance coverage: 

  • Damages to third-party machinery being worked upon
  • Damages to work equipment belonging to third parties
  • Incidental costs related to the correction of defects
  • Damages incurred in making improvements
  • Oil/petrol separator included in the premium
  • Heating oil/diesel tank up to 5,000 litres included in the premium
  • Private liability for owners and managers 

 

The following are included in the coverage amount: 

  • 2,000,000 euros for damage to rental property
  • 100,000 euros for damage to motor vehicles or work machines being worked upon
  • 1,000,000 euros for other damages incurred during processing
  • 150,000 euros for damages incurred while making improvements
  • 50,000 euros for damages to work equipment belonging to third parties, etc.  


Additional components can be easily used to add further areas of activity to the coverage.