Liability insurance for companies: rely on Funk’s experts
The potential liability of companies varies depending on the industry, clientele and even export activities. Nevertheless, the essential importance of liability insurance is something that all companies have in common: even small mistakes can lead to severe losses.
Funk offers companies across all industries reliable protection against their specific liability risks. Chemical or pharmaceutical companies are naturally exposed to other risks than machine and plant manufacturers, which in turn have a liability risk that only compares to that of a construction company to a limited extent. With years of experience and expert knowledge, we give our clients the necessary market insight to choose the best liability insurance for them.
A strong partner for risk analysis and insurance management
In addition to the general liability risk associated with a company’s specific industry, we always pay special attention to the company’s individual risk as well. Tailored protection is only possible if the specific risks of a company are calculated, analysed and then accordingly included in an insurance solution. The experienced specialists from Funk conduct a targeted risk analysis for companies from all industries and devise the appropriate national or international insurance solution for them. Companies operating internationally, which may be subject to special liability regulations in foreign markets, can benefit from our global expertise within the Funk Alliance. We also support our clients with further approaches to developing practical risk management systems.
Individual strategies and flexible solutions
Funk devises solutions in these classic liability lines:
- Public and products liability insurance
- Environmental liability insurance
- Environmental damage insurance
- Product recall insurance
We also incorporate special cover for our clients based on their insurance requirements, such as clinical trials insurance, German Pharmaceuticals Act (AMG) cover, aircraft products liability insurance and IT liability insurance. Whether a liability solution is “classic” or completely individual, we check all of the liability programmes under our care on a regular basis. This approach ensures that our clients can respond adequately to changing liability risks, for example those arising from going into new business fields, founding new companies or entering new markets.
We support our clients with the highest level of expertise even in the event of a claim. Our claims team comprises fully qualified lawyers with years of experience in handling major claims, even in the range of tens of millions of euros. We are your reliable partner every step of the way in negotiations with insurers and claimants.
Learn more about liability risks
IT financial-loss cover
In the course of digitisation, machine construction also offers software-based services. Modern technology leads to new claims, which should be insured against.
Disassembly and installation costs
The ‘German act for the reform of the construction contract law and for the change of liability for commercial liability’ (Gesetz zur Reform des Bauvertragsrechts und zur Änderung der kaufrechtlichen Mängelhaftung) came into force on January 1st, 2018. It increases protection for buyers, but suppliers are now in a weaker position.
Risks
Transportation risks/marine cargo
Freight transport by road, rail, air and sea has always been an essential part of global economic trade. In the course of globalisation, the transport chains become longer and the risks more complex.
Property damage and BI risks
While property insurance is a basic protection every company should have, the risk of business interruption is increasing steadily as well – especially for globally connected players.
Risks in M&A processes
The M&A market is booming: in a constantly changing market environment, transactions are the key to the success and future viability of companies. But their risks should not be underestimated.
Services
Funk China
Investing and operating outside of China becomes more and more essential for Chinese companies. The Funk China Division supports its Chinese clients in managing the risks, challenges and chances of worldwide outbound investments.
Insurance + risk management
Funk devises and implements holistic risk and insurance solutions for companies across all industries, sectors and countries. In doing so, our experts do not only secure your individual assets but also create genuine added value for your company.
Employee health + benefits
Employee benefits concepts are a sustainable component of a good corporate policy. Funk provides comprehensive, transparent advice with a view towards the long-term advantages for your company and your employees.
