{"id":1472,"date":"2021-04-02T19:00:36","date_gmt":"2021-04-02T16:00:36","guid":{"rendered":"https:\/\/dfadvisors.gr\/?p=1472"},"modified":"2021-04-08T18:34:18","modified_gmt":"2021-04-08T15:34:18","slug":"why-do-i-need-to-have-a-professional-liability-contract","status":"publish","type":"post","link":"https:\/\/dfadvisors.gr\/en\/business\/why-do-i-need-to-have-a-professional-liability-contract\/","title":{"rendered":"Why do I need a Professional Liability contract?"},"content":{"rendered":"

Consumer compensation actions against businesses are on the rise. The reasons why every business needs professional third party liability insurance.<\/h2>\n

In recent years, both in Greece and much more abroad, consumer and customer claims against businesses and professionals are increasing.<\/p>\n

The vigilance of consumers and customers, combined even with unnecessary or malicious actions for damages arising from the civil liability of the professional, make the insurance of professional liability necessary.<\/p>\n

Compensation claims against a professional can be financially unbearable. Most of the times it is impossible to meet such costs on its own. The compensation an insurance company will be asked to pay can reach a few hundred thousand euros or even exceed 1 million euros<\/strong>.<\/p>\n

The cost of insurance is not high<\/strong> and in no way can be considered prohibitive for a professional.<\/p>\n

What does professional liability insurance cover and who does it concern?<\/h3>\n

Professional Civil Liability insurance covers losses (death, bodily harm and\/or material damage) that will occur to the customers of a business or a freelancer due to errors or omissions during the professional activity.<\/p>\n

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Indicative professions that can be covered are:<\/p>\n