Professional IndemnityInsurance

Insurance for single insolvency and restructuring proceedings.

This special insurance provides cover for insolvency administrators and other natural persons who carry out their functions based on an order by court according to the German law "Insolvenzordnung" and "StaRUG". The courts usually authorize the payment of the premium for a proceeding related insurance from the bankruptcy estate in order to take into account the special risk of liability and the protection of creditors.

The constant protection.

The basic insurance comprehensively covers the permanent insurance needs and includes the statutory compulsory insurance. It consists of an insurance sum program and general and special insurance conditions, which are adjusted to the
→ legal form,
→ liability agreements,
→ type and number of professionals,
→ areas of law covered,
→ client structure,
→ international character,
→ exercise of personal mandates,
→ escrow accounts etc.

Purchase annual maximum annual aggregates with an effect on premiums.

In addition to the basic insurance, an excess provides further sums insured as permanent coverage. The annual maximum annual aggregates can be selected with an effect on premiums according to the risk, and excess layers can follow one another. Basic insurers offer varying levels of aggregate capacity. Due to healthy competition, querying the insurance market is worthwhile.

Temporary special insurance needs.

This insurance covers a mandate separately; in particular for larger mandates and activities according to the Insolvency Regulation (InsO). It is the product of choice for exceptional risks, as its content is specifically tailored to them, and it is often more cost-effective than extending permanent coverage. It can be taken out as stand-alone or as an excess.