Liability Insurance
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Third Party Liability Insurance
Regardless of your field of operations, you are always under the risk of causing direct or indirect harm to people surrounding you when performing your work. At MAPFRE SİGORTA with Third Party Liability Insurance we provide coverage against any insurance claims that may arise if you cause harm to third parties during your professional activities.
Employer’s Liability Insurance
We are well aware of your efforts to take all measures required to ensure a safe work environment at your business. However, you may still face pecuniary as well as non-pecuniary problems due to some undesired circumstances. MAPFRE SİGORTA Employer’s Liability Insurance provides coverage for both your employees and your business by taking measures against occupational accidents your employees subject to the Social Security Law may be involved in.
Certified public accountants and sworn-in certified public accountants Professional Liability Insurance
We are well aware of the extent of responsibility certified public accountants and sworn-in certified public accountants shoulder. That is why we want to provide you coverage through the certified public accountants and sworn-in certified public accountants Professional Indemnity Insurance against third party claims that arise when doing your professional activities.
Architects and Engineers Professional Liability Insurance
We know that you carry a huge responsibility regarding the buildings you design and work on. That is why we offer you Architects and Engineers Professional Liability “Insurance. With MAPFRE SİGORTA Architects and Engineers Professional Liability Insurance, you are covered against the legal consequences of the professional risks you may incur during the performance of your work.
Product Liability Insurance
The liabilities of manufacturers are substantial…Even a minor defect in your products may lead to material or physical injuries on third parties. MAPFRE SİGORTA Product Liability Insurance provides you coverage against claims that may arise due to the use of your product by third parties, or that occur during your operations.
Frequently Asked Questions
Does Third Party Financial Liability Insurance cover non-pecuniary damages third parties may claim?
No. Third party liability insurance covers only pecuniary and physical injuries third parties may suffer due to the operations of the business, subject to the limits stipulated on the policy.
Damages caused by which parties are covered under the Third Party Financial Liability Insurance?
Physical-pecuniary damages the insured and/or its employees cause shall be covered.
Even though Third Party Liability Insurance is not one of the statutory liability insurances, it should not be confused with Product Liability Insurance and Professional Liability Insurance as well, with reference to the requirements of the firms or individuals.
Even though Third Party Liability Insurance is not one of the statutory liability insurances, it should not be confused with Product Liability Insurance and Professional Liability Insurance as well, with reference to the requirements of the firms or individuals.
Are interns and sub-contractor personnel covered by Employer’s Financial Liability Insurance?
Provided that they are included in the payroll as well as the worker count with reference to the labor costs reported during the “operations performed by relevant parties for the insured”, they are considered “insured”.
Does the Employer’s Financial Liability Insurance provide coverage for occupational diseases?
Unless specified otherwise, occupational diseases are not covered.
What are the major risks covered by the Sworn Certified Public Accountant and Public Accountant Professional Liability Insurance?
Professional Liability Insurances are deemed part of Financial Liability Insurances, but are not Statutory Liability Insurances. Therefore, they are extended with reference to the risks requested and stipulated by the Insured.
1. The tax fines, default charges and default interest the insured shall be required to pay as per joint liability requirement due to his/her fault as stipulated under certified public accountants and sworn-in certified public accountants Professional Liability Insurance Clause I.b shall be covered up to the limits stipulated in the policy, whereas the liability regarding Social Security premiums and taxes shall be covered up to 25% of the limits stipulated in the policy, up to a maximum figure of EUR 150,000.
2. In contrast to Article A.4.2, Sub-paragraph (f) of the General Terms and Conditions of Professional Liability Insurance, non-pecuniary damage claims shall be covered up to a minimum limit of EUR 25,000 per year in sum, throughout the term of the policy and for each incident.
3. In contrast to Article A.4.1, Sub-paragraph (a) of the General Terms and Conditions of Professional Liability Insurance, damages claims regarding the loss of any type of document or the loss or destruction of information or materials entrusted to the care, oversight or control of the insured, regardless of such being available for storage on electronic media or in computers, written, printed, or reproduced using any method (or in a similar vein), shall be covered up to a minimum limit of EUR 25,000 per year in sum, throughout the term of the policy and for each incident.
4. The trial expenses and attorney costs to be incurred with reference to a damages claim to be filed against the insured with reference to an incident covered by the present policy shall be covered (as per the Minimum Attorney Fees Tariff of the Bar Association). Nonetheless, the damages figure payable in any case shall not be in excess of the figure specified in the policy.
5. If any restriction applies to the assets of the insured due to a final administrative decree, provided that the cases which are exempted from the insurance coverage are excluded, the insurer shall effect all procedures such as submitting required collateral for the release of the insured’s assets from such restrictions.
1. The tax fines, default charges and default interest the insured shall be required to pay as per joint liability requirement due to his/her fault as stipulated under certified public accountants and sworn-in certified public accountants Professional Liability Insurance Clause I.b shall be covered up to the limits stipulated in the policy, whereas the liability regarding Social Security premiums and taxes shall be covered up to 25% of the limits stipulated in the policy, up to a maximum figure of EUR 150,000.
2. In contrast to Article A.4.2, Sub-paragraph (f) of the General Terms and Conditions of Professional Liability Insurance, non-pecuniary damage claims shall be covered up to a minimum limit of EUR 25,000 per year in sum, throughout the term of the policy and for each incident.
3. In contrast to Article A.4.1, Sub-paragraph (a) of the General Terms and Conditions of Professional Liability Insurance, damages claims regarding the loss of any type of document or the loss or destruction of information or materials entrusted to the care, oversight or control of the insured, regardless of such being available for storage on electronic media or in computers, written, printed, or reproduced using any method (or in a similar vein), shall be covered up to a minimum limit of EUR 25,000 per year in sum, throughout the term of the policy and for each incident.
4. The trial expenses and attorney costs to be incurred with reference to a damages claim to be filed against the insured with reference to an incident covered by the present policy shall be covered (as per the Minimum Attorney Fees Tariff of the Bar Association). Nonetheless, the damages figure payable in any case shall not be in excess of the figure specified in the policy.
5. If any restriction applies to the assets of the insured due to a final administrative decree, provided that the cases which are exempted from the insurance coverage are excluded, the insurer shall effect all procedures such as submitting required collateral for the release of the insured’s assets from such restrictions.
Will tax fines, default charges, default interest, social security premiums and taxes be covered by the Public Accountants Professional Liability Insurance?
The tax fines, default charges and default interest the Insured shall be required to pay as per joint liability requirement due to his/her fault as stipulated under Certified Public Accountant and Accountant Professional Liability Insurance Clause I.b shall be covered up to the limits stipulated in the policy, whereas the liability regarding Social Security premiums and taxes shall be covered up to 25% of the limits stipulated in the policy, up to a maximum figure of EUR 150,000.
What is the scope of the Architects and Engineers Professional Liability Insurance?
The Professional Liability Insurances are deemed part of Financial Liability Insurances, but are not Statutory Liability Insurances. It provides coverage within the framework of the General Terms and Conditions of Professional Liability Insurance, for claims which may be raised during the policy term by the insured’s customers, due to direct damages that may arise due to the professional mistakes, negligence and omittance on part of the individual(s) acting on behalf of the insured or the personnel or directors employed by the insured within the framework of design, control and project management services the insured will provide within the framework of his/her professional activities.
What are the leading risks covered by Product Liability Insurances?
The damages the insured shall be legally required to compensate for, with reference to the material losses or damages incurred on third party property as a result of incidents occurring during the policy term and within the territory stipulated in the policy, with respect to the products sold, supplied, or produced by or on behalf of the insured, shall be covered up to the limits stipulated in the policy, within the framework of the applicable provisions of the General Terms and Conditions of Product Financial Liability Insurance.
Does the Product Liability Insurance stand also as a Product Warranty Insurance?
Product Liability Insurances are deemed part of Financial Liability Insurances, but are not Statutory Liability Insurances. Product Liability Insurance is not a Product Warranty Insurance. Product Warranty Insurance involves the coverage of a product and is oriented to the indemnification of a damaged product. However, Product Liability Insurance is a liability insurance and provides coverage against liability incurred in relation to the product that the insured manufactures instead of the product itself.
Relevant Documents
Below are the information and documents you may need for the product you are reviewing. If you have any question marks, you can contact our nearest agency to get more detailed information.