Although some property insurance policies may cover certain types of water damage (such as a water leak or burst pipe), flooding due to storms or other weather conditions, for example, is generally not covered. A flood insurance policy is usually required to cover flood damage.

The terms, limits and exclusions of each property insurance policy will vary, but the following are examples of events that typically exclude losses: earthquakes, willful conduct, normal wear and tear, neglect of property and war damage. As always, please refer to the terms and conditions and documentation for quotes and insurance policies for details.

Generally, landlords are responsible for maintaining insurance that covers the losses of the rented apartment. Landlords can purchase a renter’s insurance policy, which typically provides coverage for the renter’s personal property and additional living expenses. Such policies may also offer personal liability coverage.

Property insurance can help protect against property damage, but it likely won’t provide adequate coverage to help protect the business and all of the company’s needs. Although the terms of each policy will vary, typical property insurance may not be comprehensive enough to meet all of the company’s particular business needs.

When considering the terms and limits of coverage, the owner should consider, for example, whether clients or customers visit the property and the value of any business assets (such as computers and other supplies). Read more on our subinsurance blog.

The coverage terms of each property insurance policy will vary, but coverage for loss of personal property resulting from theft is usually included in personal property coverage. If a thief steals covered items from the home, homeowners insurance will usually cover the loss of those items up to the policy limit. Some homeowners insurance policies may also cover certain personal property when it is off the premises.

It is important to review the terms to determine if you need additional coverage for items that may be excluded such as collectibles, fine art collections or other valuable items.

With the automobile liability insurance policy, you fulfill the obligation prescribed by law and insure your liability towards third parties for damages caused by the use of your vehicle.

The insurer assumes the risk and thus protects you financially and guarantees that the consequences of a possible traffic accident will be significantly mitigated. Statistical data show that the probability of being injured in a traffic accident is significantly higher than in other forms of transport.

Although each policy’s terms, limits and exclusions will vary, windshield repair and replacement are generally not covered by a comprehensive auto insurance policy.

Of course, it is possible to contract glass breakage coverage as a separate risk.

The rental vehicle will generally be covered by your existing auto insurance policy (the same policy coverage should apply, including limits and deductibles).

However, drivers may choose to purchase a separate rental car insurance policy to cover the rental vehicle if, for example, car insurance policy deductibles are high, claims on an existing policy are to be avoided, someone is driving out of the country, or if the car owner’s insurance policy does not include collision or comprehensive coverage.

Vehicle theft is usually covered by comprehensive car insurance such as comprehensive insurance, which can help cover the replacement of the stolen car (or parts, if applicable). As a rule, auto liability policies do not cover theft, although with some insurance companies it is possible to contract the risk of theft of your own vehicle as an addition to the auto liability policy.

Personal items stolen from a car, however, are generally not covered by an auto insurance policy. Although the terms and exclusions under each policy will vary, some homeowner’s or renter’s insurance policies may cover the theft of items from the policyholder’s vehicle.

It is possible to arrange assistance with each car liability policy and comprehensive vehicle insurance. The assistance covers the costs of roadside assistance in cases such as traffic accidents or technical malfunctions in which your personal vehicle is not in drivable condition or is not safe to drive.

The costs of transporting the vehicle to the place of residence or the location of your choice are also covered, and depending on the selected package, a replacement personal vehicle is also available in the event of a breakdown or traffic accident.

How much does car insurance cost? The premium a vehicle owner pays for personal liability auto insurance and comprehensive insurance depends on many factors, including but not limited to their driving history, license plate number, age, type of car and zip code.

Does the make and model of the vehicle affect the auto insurance rate?
The make, model and year of the vehicle usually affect the car insurance rate.

Why? The higher the car’s value, the more expensive it may be to repair or replace.

Supplementary health insurance covers participation:

• in primary health care
• for hospital treatment
• for dispensing prescription drugs
• for specialist examinations
• for diagnostics
• for laboratory tests
• for physical therapy
• for services to dental medicine
• for orthopedic and other aids

Additional health insurance allows you to perform systematic and specialist examinations and numerous other health services in modern polyclinics:

• Diagnostic and therapeutic services for which you have to wait for months in public institutions can be obtained immediately or in a few days in more than 600 cooperating health institutions without referrals and waiting.
• In addition to a systematic examination, you have the right to use specialist examinations, diagnostic processing and laboratory tests: Specialist and subspecialist examination, Control examinations, Medical diagnostics, Endoscopy, Laboratory tests, Hormones and tumor markers, Magnetic resonance, CT, Medical rehabilitation, Dental treatment.

Compulsory boat insurance covers the liability of the owner or user of the boat or yacht for compensation for damages due to death, bodily injury, damage to the health of swimmers, divers or people on land. Vessel owners are obliged to insure the vessel every year, and the insurance is contracted for one year.

It covers:

• Liability for damage you cause to others, in case you kill, injure or harm someone with your vessel
• The insured amount is prescribed by law and amounts to €464,529.83 per event

It covers:

• Maritime accidents such as collision, impact, stranding, sinking and other extraordinary and unforeseeable external events related to sea navigation
• Damage caused by disasters such as hail, tidal wave, lightning or thunder, earthquake, fire, explosion
• Damage caused by a hidden flaw or material fatigue on the hull, machine or equipment
• Damage caused by negligence or deliberate action of persons not on the vessel, ship repairmen or third parties
• Alienation or unauthorized use of the vessel and theft of equipment and outboard motor

An insurance broker represents you and helps you purchase an insurance policy. The broker analyzes your insurance needs in cooperation with you and then requests offers from several insurance companies. In the end, you choose the best one from several offers, and when choosing, the broker points out the differences between the offers. Instead of going directly to an insurance company to buy insurance, a broker can shop for you and find a policy that fits your business.

Also, in case of damage, contact a broker who will help you when reporting and processing the damage.

The right coverage for your small business. Small business insurance can help give you peace of mind by protecting what you’ve built by working hard. Protect your small business with a combination of different types of business insurance.

What small business insurance do you need? This depends on your business industry, location, size, type and payroll, among other things. You know your business, and we know how to protect it. With our partners specializing in small business insurance, you can get the right coverage for your business. We can help you find a business insurance solution by matching your business with the right insurer and giving you access to the coverage you need.

You are not legally required to buy general liability insurance. However, many of the people you do business with are likely to have contractual requirements for you as a supplier that require a general liability insurance policy.

This means that you may need a policy if you want to sign a commercial contract with a client. Proof of general liability coverage is also required to apply for certain professional licenses.

General liability insurance protects against the most common risks of running a business. This business liability insurance coverage pays legal fees if a customer is injured on your business premises or if you accidentally damage someone else’s property. These policies also cover risks such as defamation and copyright infringement.

General liability coverage is essential if your business: Has a location that is open to the public, Works closely with clients, Rents or owns commercial real estate.

General liability insurance covers common risks arising from interactions with individuals outside of your business. This includes protection against damage and injury to customer property, such as a customer falling on a wet floor at your business. It also covers defamation, copyright infringement and other damages from false advertising and the like.

In addition, most general liability policies include contractual liability insurance that protects your business from the financial risks you assume when signing the contract.

While general liability insurance is essential for most small businesses, it doesn’t provide all the protection you need. For example, your general liability policy does not include coverage for:

• Professional liability for mistakes
• Employee injuries
• Stolen or damaged business property
• Lawsuits for employee discrimination
• Vehicles used by the company

Professional liability insurance is intended for companies that make a living from their expertise. Even the most experienced and thorough professional service provider makes mistakes. Unfortunately, clients may not be as understanding if your mistake costs them significant time or revenue. Professional indemnity insurance helps protect you from lawsuits from disgruntled clients.

For example, if you miss a project deadline, make a mistake in your work, or provide ineffective business advice, a client can sue you.

When a disgruntled client sues because of a mistake you made in business or service delivery, professional indemnity insurance can help cover legal defense costs, including the cost of hiring a lawyer.

In particular, professional indemnity insurance will help provide coverage for: Work errors and omissions, Undelivered services, Accusations of absence, Missed deadlines.

Although professional indemnity insurance covers many of the costs associated with a client’s legal action, it has a number of exclusions. For example, it only covers the cost of defending against lawsuits—it doesn’t pay for lawsuits you bring.

Other exclusions from professional liability insurance coverage include: Customer injuries or property damage, Employee injuries, Employee discrimination claims, Business property damage, Traffic accidents, Product damage.

There are usually several different scenarios when a company may be required to carry professional indemnity insurance.
Clients may request a Certificate of Insurance as proof that you have coverage to secure the contract. That way, they know that if you make a costly mistake or fall short of their standards, they’ll be able to recoup their losses.

Additionally, if you choose to apply for certain professional licenses, many states will require you to have professional liability insurance before you can apply.

General liability and professional liability insurance protect against common liability claims, but they cover different types of claims.

General liability insurance covers bodily injury to customers, damage to customer property and damage from false advertising. Conversely, professional indemnity insurance covers all legal defense costs when a client or customer suffers a financial loss as a result of your professional services or advice.

Product liability insurance helps pay legal costs when a product you made, sold or distributed causes personal injury, property damage or other loss.

Specifically, product liability insurance can provide coverage for: Injury caused by the product, Property damage caused by the product, Illness caused by the product, Death caused by the product.

Although often purchased together, these two types of insurance are not the same. General liability insurance, sometimes called public liability insurance, provides coverage for the most common claims. It covers accidental damage, like a customer slipping on a puddle in your store and breaking their arm (or phone). It also helps pay for lawsuits that claim you damaged a competitor’s reputation or copied their logo.
Product liability insurance covers damage related to your products or completed services. That’s why manufacturers, retailers and contractors need both types of coverage.