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.

Niste zakonski obvezni kupiti osiguranje od opće odgovornosti. Međutim, mnogi ljudi s kojima poslujete vjerojatno će imati ugovorne zahtjeve za Vas kao dobavljača u kojima se traži polica osiguranja od opće odgovornosti.

To znači da će vam možda trebati polica ako želite potpisati komercijalni ugovor s klijentom. Dokaz o pokrivenosti općom odgovornošću također je potreban za podnošenje zahtjeva za određene profesionalne licence.

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.

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.

Specifically, professional indemnity insurance will help provide coverage for: Work errors and oversights, Services not delivered, Negligence charges, 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.

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.

Business property insurance covers your company’s real estate and its contents. It helps pay for repairs or replacements when business assets are lost, damaged or destroyed.
Your business assets aren’t just expensive – they keep your business running. With business property insurance, you will be able to afford repairs to necessary equipment after an unexpected event such as a fire or burglary.

A commercial property insurance policy can cover:

• Building in business ownership
• Furniture and appliances
• Supplies and equipment
• Inventory

Business property insurance protects against the risk of owning or renting offices, storefronts or other business property. It covers property losses when a fire damages your office or a pipe bursts and floods your shop.

This coverage insures expensive equipment as well as inventory. Companies that should have this cover are usually:

• They own or rent buildings, shops or offices
• They own or rent expensive equipment or tools
• They have products or semi-finished products in stock
• It depends on other valuable business assets

Cyber attacks and data breaches are costly and increasingly common. Small businesses often have weak cybersecurity and high vulnerabilities, making them an attractive target.

A cyberattack isn’t just an inconvenience—it can put you out of business. In fact, 60% of small businesses fail within six months of a cyber attack.
Cyber insurance coverage helps your business recover from financial losses caused by cyber attacks and data breaches.

It covers the costs associated with a data breach or cyber attack that directly affects your business.

Specifically, first party cyber liability insurance can help cover:

• Data breach response costs
• Business interruption costs
• Ransomware payments

Although both policies offer personal injury protection, business auto insurance policies are designed for company cars and usually have higher coverages to account for increased risk, such as cargo being driven and the like.

Personal auto insurance policies only cover claims related to personal use, including your business and non-business travel. They have lower limits and usually cost less.

Industrial All Risk policy provides comprehensive coverage of industrial property against unforeseen events. It is a type of property insurance that covers all risks except those specifically excluded from the policy. This type of insurance is especially important for companies operating in high-risk industries such as manufacturing, construction and transportation.

The following are usually covered: Buildings and facilities, Machinery and equipment, Inventories, Raw materials and finished products, Loss of profit due to business interruption, Liability for injury to a third party or material damage.

An all risk industrial insurance policy can offer several benefits to businesses. Some of the key benefits include:

• Comprehensive coverage
• Risk mitigation
• Business continuity
• Protection from liability to third parties
• Equipment and machinery coverage
• Protection of construction projects
• Flexibility and adaptability
• Cost effectiveness
• Confidence
• Compliance with contractual coverage requirements “peaceful sleep”

Machine breakdown insurance protects your company’s computers, electrical systems, production machinery and other equipment from sudden and accidental breakdowns. It is designed to cover losses such as short circuits, loss of air pressure or vacuum, or power surges that commercial property insurance typically excludes.

This coverage does not require that equipment failure result from a covered event in the property insurance policy, such as fire. Coverage can be activated after equipment failure.

Machine breakdown insurance is designed to protect different types of equipment, including:

Computers and telephone equipment
Components of a mechanical system
Production equipment
Refrigeration devices
Heating and ventilation systems
Elevators and escalators
Security systems
Devices at the retail point of sale

This insurance can help you offset costs in two ways:

For lost revenue from damaged goods (minus any costs you may have already paid, such as shipping). Your earnings before loss are the basis for reimbursement under business interruption coverage. Lost earnings, also known as actual suffered loss, is usually defined as revenue less current expenses.
For additional costs if you have to temporarily relocate your business due to a fire (for example, the cost of renting a temporary location).

When a business is damaged in certain situations, the business owner may need to make immediate repairs to minimize further damage. Let’s say that there is a strong storm and strong winds, and several windows are broken. The insurance company usually expects the business owner to quickly repair broken windows to make the premises safe and prevent further damage.

Keep in mind that many insurers will typically reimburse business owners for some repairs that may need to be done right away. This means it’s a good idea to document any damage with photos or video and keep repair receipts.

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.

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.

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.

An accident insurance policy can help cover costs arising from:

• Medical services and treatments
• Injuries
• Hospitalization
• Accidental death
• Disability

Additional covers of this insurance can help cover some costs so you can focus on treatment, such as Hospital Indemnity or Disability Care Services.

It is a type of insurance that provides financial protection in the event of an accident. It is designed to help cover unexpected medical and other expenses that may arise as a result of an accident.

A supplemental accident insurance plan will usually provide coverage for a wide range of accidents, including those that occur at work, at home, or while participating in sports or other recreational activities (although it’s important to note that actual benefits vary by insurance company and policy) . Benefits are paid directly to the policyholder, not the medical provider, and the amounts vary depending on the nature of the accident and special conditions.

The subject of insurance is plant crops that grow in fields, gardens, lawns, vineyards and orchards. In the case of individual types of plants, the insurance covers the value of the different parts of the plants for which we grow them in the first place. Thus, in the case of grain, the grain is secured, in the case of roots and tubers, the roots or tubers, in the case of hops, in the case of forage plants, the fodder crop, in the vineyards, the grape crop, in the orchards, the fruit crop, in the nurseries, the rootstock for grafting and grafted fruit trees, and in the case of securing vegetables and vegetable crops of plants those parts of plants, for which they are grown. Side crops and catch crops should be provided separately from the main crops.

You exercise the right to receive support as a legal entity registered in the Register of Farmers at the time of submitting a request for its payment.

After concluding the insurance contract and paying 30% of the total premium per policy, it is necessary to submit a request for approval of financial support from the European Agricultural Fund and the budget of the Republic of Croatia.

The maximum annual support per beneficiary is EUR 75,000 (HRK 565,087.50).

Cargo shipments are generally safe, but with unforeseen events, things can sometimes go wrong during the transportation of goods. If you entrust the transportation of your products to a professional carrier or forwarder, it is very risky to believe that the carrier or forwarder is fully responsible for any damage or loss. That is not the case.

Carriers and forwarders have only limited liability. If an unfortunate incident occurs, you may be faced with a long list of terms and conditions that make it difficult for non-experts to understand what the most common risks are when transporting goods and when it makes sense to arrange cargo insurance.

If the value of your shipment is greater than the maximum amount for which your carrier or freight forwarder is responsible, it is wise to purchase cargo or transportation insurance.

Cargo insurance gives you the assurance that if something goes wrong in transit, you will be compensated for the value based on the commercial invoice. If there is no commercial invoice, the market value will be used to determine the amount. Transportation costs will also be reimbursed.

As the sender, you are responsible for arranging insurance as required. In some cases, the option of cargo insurance is something that the carrier or freight forwarder will specifically highlight to you.

Common risks associated with the transport of goods are:

• Damaged goods: This includes goods that are scratched, dented or wet in transit.
• Lost or stolen goods: this includes the loss or proven theft of part or all of the shipment.
• Delays: Delayed delivery of goods can sometimes lead to financial losses.
• General average (maritime cargo transport only): If the ship is in danger, sacrifices may have to be made to protect the ship itself, its crew and cargo, and the costs are shared proportionately between the vessel owner and the cargo owner. This means that the shipper of sea cargo bears part of the costs, but it is possible to insure against such risks.

For freight forwarding, the Incoterms rules define the rights and obligations between the buyer and the seller of transportation and delivery services. Incoterms clarify who pays for what. It also states who is responsible in case of any damage or loss of goods in transit.

The carrier or forwarder is only liable if damage or loss occurs due to obvious errors or negligence during transportation. Likewise, there are limitations on the scope of liability of carriers or forwarders and the maximum amount of compensation they are required to pay.