Legal costs risks: protecting your business in an emergency
Compared to other countries in the world, the lawyers’ and court fees in German speaking countries are regulated and transferable to insurance companies. As a result, comprehensive legal protection insurance is more or less only available and popular in Germany.
In general, legal protection insurance covers the attorney, court, expert and survey costs as well as witness compensation. For companies, these fields of legal protection are especially important:
- General legal protection insurance: available for companies, entrepreneurs and freelancers (optionally including the family members of the policy holders) as a protection against legal costs arising from general suits
- Automotive and traffic legal protection insurance: covers costs from a traffic accident or law violation as well as other disputes in connection with owning a vehicle (e.g. disagreements regarding a repair bill)
- Criminal legal protection insurance: to protect managing directors as individuals when conducting their functions in their companies; indications of offences do not only come from criminal charges or state investigations, but also from public sources, with distinctively increasing numbers over the years due to the constant changes in legislation
Funk protects you with dynamic solutions
For your protection, we regularly update our concepts with specialized insurers on the market. We cover attorneys’ fees, the costs of private expert opinions as well as witness compensation and public relations work. Administrative and tax law procedures, legal protection and forensic services are also included. In addition, we offer services and insurance concepts above the usual market standard:
- International insurance programmes
- Consistently high level of service
- Our own international network
- Services from a single source
- Holistic risk management
What we provide
- Definition of your risks through an individual needs and risk analysis
- Comprehensive continuous advice and support
- Coordination and support for complex claims by technical experts
- Insurance coverage based on specially negotiated wordings
- Adaptation of the insurance solutions to individual customer needs
Your added value with Funk
- Reliable regulations for reasonable hourly rates
- Additional services and consulting
- Calculable and tax-deductible costs for legal protection
Risks
Liability risks
The potential liability of companies varies depending on the industry or clientele. Nevertheless, all companies have one thing in common: even small mistakes can lead to severe losses.
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.
