Professional liability insurance

Everything you do or what you have omitted to do represents a potential source of danger for third persons and their property.

What can be insured by this policy?

Your civil-legal liability in the capacity of legal person for

• death, body injury and deterioration of health,
• destruction of or damage to a third person's property.

This policy pays damage instead of you to people who, according to the law, consider you liable for their damage.

Do you need this insurance?

If any of your property, machine or workers caused injury or damage to or destruction of a third person's property, you may be subjectively liable - if your fault exists.

If any of your items have detrimental properties and in most cases it proved to be so, your liability exists but without your fault (objective liability).

Furthermore, you may be objectively liable even without knowing it. Lack of knowledge does not release you from liability.

The principles of your liability are based on:

• the Law of Contract,
• complete legal framework your are dealing in.

As a rule, court practice always takes side of the weaker party and the court shall have no doubts with respect to your liability when it concerns the body injuries of third persons, i.e. ordinary citizens.

Even though you might have done nothing, you still may be held liable if you have omitted to do something and, thus have created a source of danger that may cause damage to someone.

In the country and abroad, you are insured against liability arising from:

• using, possessing, renting or usufructing a real estate,
• owning and using machines and devices,
• possessing supplies,
• keeping livestock, etc.

Liability for pure financial loss implies that, by doing or omitting to do something, you have caused material loss to third persons without bringing their property and health in danger.

For instance, if, during working on your property, you have broken the overhead power line and left your neighbours without electricity, you have caused them a loss by making their production impossible, which can, by them or their legal representatives, be qualified in economic terms. Consequently, they may require you to indemnify their loss.

Every legal state supports court practice that efficiently resolves all claims for damage, even those mentioned above.

This insurance also provides cover for liability for injuries of third persons resulting from water and/or soil pollution, caused by your negligence.

There is also an automatic coverage, which is granted for the liability resulting from new sources of danger i.e. items purchased and/or activities commenced after the insurance conclusion.

The basic insurance contract is contained in the Terms and Conditions for professional liability insurance and we shall be glad to inform you about all details.

To which value do you pay the premium?

Depending on the type of activities and the source of danger - casco number of employees, paid net earnings, casco annual turnover, etc. The sum insured is selected by you and it represents a limit of coverage per one loss occurrence.

What part of damage does insurer indemnify?

For the premium calculated on the basis, for instance, of your casco annual turnover, you get a coverage to the contracted sum insured per one loss occurrence.

When choosing the sum insured, it should be taken into consideration that if a claim exceeds the amount obtained from your insurance, the claimant may refer directly to you.

Within the scope of indemnity, material and non-material damages to third persons are indemnified up to the contracted sum insured.

Court expenses are borne by the insurer, even in case when they exceed the sum insured and when the claim for damage is unsupported.

Additional service - legal protection

DDOR Novi Sad is obliged to:

• litigate in your name
• defend you against unsupported or extreme claims for damage brought against you both during legal proceedings as well as in all other cases.

Managing risks of your potential liability sometimes requires considerable legal skill.

In addition to legal protection in defence against claims for damages we shall also assist you in the process of minimising risks, by recommending adequate business actions and technical measures of protection.