Financial Lines

• Legal protection in service agreements for labour disputes of business executives, managers, directors on the executive board, etc.
• Insurance for legal costs in criminal proceedings:  For legal representation in the event of the alleged infringement of provisions in criminal and administrative law
• Legal protection for financial losses: For the civil defence of pure financial losses, if a claim is made against the insured person by the company or by a third party
• Legal protection for managers: Includes the three aforementioned areas in a single policy.

Sie schützt vor den finanziellen Folgen durch kriminelle Handlungen von Mitarbeiter aber auch durch Dritte (Täuschungsschäden) sowie Computermissbrauch.

Cyber Insurance insures against losses associated with hacking attacks or other acts of cybercrime. On the one hand, coverage includes own costs such as forensics costs to determine the scope of data leakage, costs of notifying affected customers about the cyber event, PR costs, costs of business interruption from such an incident and cyber liability insurance.

Prospectus liability insurance provides coverage for the prospectus liability risk of the issuing company and its organs as well as the responsible persons involved in the event of the issuance of securities (project insurance for the IPO).

EPLI insurance provides coverage for damage claims in connection with employment application conditions and employment agreements, such as:

• discrimination
• sexual harassment
• unlawful dismissal

Kidnap, ransom & extortion insurance provides coverage in the event of the kidnapping and extortion of family members or company employees.

This deals with the risk of becoming a victim of extortion. If threatened with the damage, destruction or contamination of products or other assets of the company, the company may be incited to make a ransom payment to the extortionists. Recall costs, lost revenue, loss of reputation and risk management are important issues in this class of insurance.

The best-known types of professional indemnity insurance are those for architects, civil engineers, technical offices, lawyers, certified tax consultants and auditors. However, other service providers and industries can insure themselves against the risks of financial loss to a third party arising from their business activity by taking out professional indemnity insurance or E&O insurance. Financial service providers and the IT industry, as well as business consultants, are the professions most severely affected by this. Some of these professionals in any event require statutory professional liability insurance.