Public liability insurance
Public liability insurance covers damage caused by the organisation and its employees to third parties. In certain circumstances, such damage may include, for example, accidents on the premises of the public body. We can help you assess what kind of liability insurance cover your organisation needs and which insurance company can provide it at the best price.
The price of public liability insurance is affected by a number of factors
The price of liability insurance and the coverage of the solution are influenced by
- industry
- the amount of salaries paid
- the amount of insurance chosen and the deductible
- the financial scale of the activity.
Meklari will help you to compete your liability insurance so that you have the best possible solution at an excellent price.
Broker helps you choose the right business liability insurance
There are many different types of liability insurance. Insurance broker always assesses individually which liability insurances are necessary for each company's operations and industry.
Our insurance experts tender the company's liability insurance for you and advise your company, e.g. in the following liability insurances:
D&O insurance covers the personal compensation liability of the company's CEO or board member in accordance with the Limited Liability Companies Act.
Operational liability insurance is a basic protection that every company should have. It compensates personal and property damage caused in the company's operations.
Product liability insurance compensates for damages caused by defects in a product manufactured, imported or sold by the company. In case of product liability damages, the compensation amounts can be large, so insurance is important for companies of all sizes.
Consultant liability insurance compensates personal and property damage as well as financial damage caused by incomplete or incorrect consultant work. The insurance is particularly suitable for a technical consultant.
Property liability insurance compensates purely financial damages. Insurance is necessary, for example, for real estate agents or accounting firms, as well as for other industries where expert work is performed and a mistake can cause financial damage.
What is covered by liability insurance
The activities of public organisations can give rise to liability for damages in a wide range of situations:
- For cities and municipalities, typical liability cases include slip-and-fall accidents and other claims related to the maintenance of streets and public areas. Damage can also be caused by fallen trees in poor condition near parking lots, raised manhole covers or other poor road conditions. Liability damage also occurs in agricultural land reclamation.
- Water utilities may be subject to compensation claims due to blockages or breakages in sewerage systems. There are also possible claims relating to the cleanliness of drinking water.
- Directors and other administrators may even face personal liability for financial loss caused by their duties.
Educational establishments are not liable for damage caused by students during their work placements, but many establishments still wish to insure such damage.
Why is liability insurance essential for your organisation?
Liability insurance provides a strong safety net for public operators. With well-designed liability insurance, you transfer a significant part of the risks of your activities to an insurance company. We can help protect your organisation and, if necessary, your subcontractors and contractors.
Liability insurance is also a kind of service product. If a claim is covered under the terms of the policy, the insurer will determine the liability on behalf of the organisation, determine the amount of compensation payable and, if necessary, negotiate with the injured party.
Liability insurance for projects
In terms of liability insurance, project insurance - especially in alliance projects - is a whole chapter of its own. There are numerous details relating to liability in projects. However, alliance projects are generally not subject to normal practices regarding liability insurance, so liability insurance needs to be considered from a completely new perspective for alliance projects.
