You accidentally spill coffee on someone else’s computer at your coworking space. This insurance will cover the replacement cost and any lost wages (time without their computer) of the person affected.
Injury and damage you cause to another person
While jogging down the street you accidentally run into a pedestrian which causes them to fall and hurt themselves. Your policy will cover all of the damages you brought onto this person (i.e. ambulance, medical bills, lost wages, etc).
Damages to you caused by someone who is uninsured
You are injured or your property is damaged by someone without liability insurance. In this case, your policy will cover the costs associated with this accident.
Losing your keys
You lose the keys to your office building and your company must replace all of the locks. In Germany this is quite a big deal. Since all of the locks and keys must be replaced this can end up costing thousands of euros. Your policy will cover all of the costs associated with the incident.
What is private liability insurance?
Private liability insurance, or Haftpflichtversicherung as it’s known in German, is accident insurance. A Haftpflichtversicherung policy will cover you for up to 30 million euros in damages that you might accidentally cause to another person or someone else’s property. You can consider it as insurance against the unpredictable events of life.
Did you know that 8 out of 10 people living in Germany have liability insurance?