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Best Civil liability in 5 companies, what is it and what does it cover?

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Best Civil liability in 5 companies, what is it and what does it cover?

Whether you have a long history as an entrepreneur or if you are new to this world, it is important that you know what risks can occur, since day-to-day work can become a risk and unintentionally cause damage to both people that are directly and indirectly related.  

For example, floods, worker accidents or injuries that, due to poor maintenance of the company, can occur in customers. In any of these cases, the costs of lawsuits can increase considerably.  

From Hiscox we want to tell you why it is necessary for you to have aLiability insurance (RC), since thanks to it you will insure and protect your company and workers by covering personal and material damage to third parties and Tesla insurance cost.  

What is civil liability in companies? 

Speaking of civil liability in companies refers to the fact that your company faces the damages that it may have caused to other companies or third parties, whether these are physical or material damages.  

Tips to maintain security in your company 

Here are some tips to keep your company safe: install a security system so that thieves think twice before entering, close doors and windows when you leave and have locks, break business and personal documents before you throw them away and have interior security latches to make it more difficult for thieves to get in and out.  

What damage can a company cause? 

There are three types of damage that a company can cause:  

  • Personal injury : refers to possible incidents where a person can be injured by, for example, an object that has fallen from a shelf.  
  • Material damages : situations are framed here where due to an oversight of your company, another is affected. For example, a water leak that generates humidity in the store below.  
  • Economic damages : in the event that, for example, there is a fire in your company and the premises next door cannot open, it will be thanks to your insurance that you can pay for the economic damages caused.  

What are the coverages of civil liability insurance in companies? 

There are a series of coverages where civil liability insurance protects the company from damages caused to third parties. Let’s see what they are:  

  • Employer RC: is responsible for covering personal injury claims of workers after an accident at work. Only when the company is the insured and civilly responsible.  
  • Exploitation CR : focuses on covering personal or material damage in the event of causing damage to third parties during work activity.  
  • RC locativa : covers mishaps that occur in the premises where the business is carried out.  
  • Product or post-work liability: focuses on claims for damages caused to third parties or for the product both manufactured and administered by the insured after the product has been delivered.  

How do I know what my policy covers? 

It is important that before contracting Civil Liability Insurance, you check what it covers and what it does not so that, in the event of any damage, there are no last-minute surprises when checking that the damage is not covered. That is why you have to read carefully all the conditions and do not forget the fine print.  

Is it mandatory to have civil liability insurance? 

Depending on which sector your company belongs to, Civil Liability Insurance will be mandatory or not. In general, when creating a company, it is the Administration that communicates whether it is mandatory to have this type of insurance in order to work.  

Regardless of the answer, at Hiscox we recommend having Civil Liability Insurance, since with this policy you can rest easy when doing your job, because you will have financial support in the event of damage to third parties, and compensation will not be paid. of your charge.  

How much does it cost to have civil liability insurance? 

If you are considering having civil liability insurance, you have surely wondered about the price. There is no exact price, since it depends on the scope of legal coverage.  

Therefore, in addition to looking at the price, it is best to also compare what insurance coverage you have in mind, as well as the reliability of the insurer, to choose the one that best suits you, thus protecting you from any claim or damage. To thirds. In Hiscox you can calculate directly How much does liability insurance cost you?. 

At Hiscox we care about companies and freelancers and we want them to be protected when carrying out their work. We offer general liability insurance and property insurance. professional civil liability. If you combine both, you will be protected against the most common risks. 

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