Property

With this policy, traders cover legal liability arising from the activities, characteristics and legal relationships of their business. Contrary to what is often assumed, third-party claims due to personal injury or property damage are not covered by the conditions for financial loss liability insurance.

It is important for companies in the real estate industry to effectively hedge their actual risks from office and outdoor activities. Last but not least, negligence or omissions in connection with accidents in managed properties can trigger expensive recourse against your company. The insurer examines possible claims and assumes responsibility for indemnification from compensation payments as well as defense against claims in the event of unfounded claims.

Real estate service providers bear a high degree of responsibility for the assets entrusted to their clients. You make important decisions every day. Needs-based protection against consulting errors is essential. Even an alleged breach of duty can threaten your professional existence.

In addition to satisfying legitimate claims for damages from third parties, the insurer also assumes the important function of defending against unfounded claims. The individual design of the contractual conditions is particularly important in view of the constantly growing professional challenges in the industry.

A criminal investigation usually triggers a crisis situation for your company. The supposed reason is the stricter legal framework and the associated compliance with ever new obligations and tasks.

Even if the allegations are often unfounded, the people affected must defend themselves and seek legal representation. Accusations are not just directed at company managers. Employees are also exposed to criminal prosecution and, if necessary, must seek legal advice at their own expense.

The costs of defense are much higher than in civil law and are often dictated by the lawyers. Precautions should therefore be taken, particularly due to considerations of the employer's duty of care. Legal and procedural costs in connection with criminal and administrative offense proceedings against the insured persons are insurable.

The commercial and technical equipment of your business premises forms the basis for achieving your business goals. Business contents insurance protects you from the financial consequences if your business equipment is damaged. In addition to property damage, lost income and damage-related costs can also be insured.

As work processes continue to be digitized, the economic success of your company depends largely on your systems and facilities for electronic data processing.

Despite security measures such as backups and outsourcing of IT operations, abusive access is often unavoidable. Losses or unusability of the software you use as well as company and customer data are far more serious than possible damage to the hardware. The costs of restoring the functionality of your systems quickly become threatening.

Electronics insurance with an integrated extension to include data insurance makes a valuable contribution to protecting against such scenarios.

Corporate legal protection insurance covers costs from legal disputes caused by employees or owners of a business in the exercise of their professional activities. In the event of legal proceedings, legal protection insurance also covers court and legal costs.

A special feature for companies in the real estate industry is the expansion of insurance coverage to include professional contract risk. This provides real estate agents with an effective instrument for enforcing brokerage claims.

Property managers also have the option of securing disputes with clients within the package.

In all cases, the tax deductibility of the premium costs as a business expense is guaranteed, including the private legal protection services included for the owner or managing director.

Hacker attacks cause more serious damage to real estate companies every year. The costs of repairing damage quickly reach threatening proportions, especially since in mostly small and medium-sized companies there are often neither financial resources nor adequate risk management.

Cyber ​​insurance can at least mitigate the financial consequences of an attack. Damage to third parties as well as classic personal damage, which primarily results from the loss or unusability of your business and customer data, can be insured.

Fidelity insurance protects companies against financial loss resulting from unlawful criminal acts, including fraud, embezzlement, theft, breach of trust, damage to property or sabotage.

Insurance cover generally applies to the defined trusted persons, ie company employees and other named persons, as well as third parties.

From experience, many property owners place increased demands on property managers and sometimes require proof of insurance cover, for example for entrusted maintenance reserves.

HOWDEN CANINENBERG takes over ongoing motor vehicle insurance for your company and private cars as part of the usual broker support. We check existing contracts for you for completeness and plausibility. We provide you with the right insurance cover for new vehicles and vehicle changes.

Managers and executives in senior positions make far-reaching decisions every day. If it is proven that they have breached their duty, they can be held personally and unlimitedly liable to the company and third parties.

It is often the companies themselves that assert claims against their own management. But contractual partners, competitors and authorities are also increasingly accusing companies and their bodies of breaches of duty.

To protect the private assets of the defendants, executive liability insurance, also known as D&O (Directors & Officers) or manager insurance, is essential. The policy covers liability for all managerial activities, from operational business to strategic decisions.

Storms, earthquakes, fires, corroded pipes, flooding – even the most solid house can be severely damaged. To really avoid this damage completely is almost impossible! These are risks that constantly threaten your building. In principle, all risks can be insured individually.

“Classic” home building insurance includes the following risks:

• Fire (fire, lightning, explosion)
• Tap water (pipe break, frost damage to pipes)
• Storm, hail

Additionally insurable are:

• Natural damage (flood, inundation, volcanic eruption, earthquake, subsidence, landslide, snow pressure)
• All-risk coverage (unnamed perils)

As the operator of systems for the storage of substances that are harmful to water, you are responsible if the escape of these substances leads to water contamination.

Heating oil tanks are certainly the most common systems. Oil spills can contaminate millions of liters of groundwater.

As a builder, you are responsible if third parties are injured on your construction site. Even if you have commissioned a company to carry out the construction. If this case occurs, you are liable to an unlimited extent according to the German Civil Code (BGB). For this reason, builder's liability insurance is one of the most important insurance policies for builders.

Extreme storms, floods, vandalism, clumsiness – any building can be affected. Damage to the shell of the building in particular has a devastating effect. Not only do they put your schedule behind schedule, but they also put a considerable strain on your financing due to the additional effort! All deliveries and services for the new construction or conversion of the building specified in the insurance certificate are insured.

The house and land owner is liable for damages that are related to the incorrect construction or inadequate maintenance of a property “due to presumed negligence” (§ 836 BGB). What does that mean for you? – If damage to people or property occurs due to the collapse or detachment of parts of your building, you are liable, regardless of whether you are at fault. Unless you have taken the necessary care in traffic to prevent damage and can prove this! In addition, there is of course liability for all other damages in accordance with Section 823 of the German Civil Code (BGB) and the traffic safety obligation derived from it.

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Real estate service providers bear a high degree of responsibility for the assets entrusted to their clients. You make important decisions every day.

Needs-based protection against consulting errors is essential. Even an alleged breach of duty can threaten your professional existence. In addition to satisfying legitimate claims for damages from third parties, the insurer also assumes the important function of defending against unfounded claims.

The individual design of the contractual conditions is particularly important in view of the constantly growing professional challenges in the industry.

In recent years, the number of tenancy disputes between property owners and tenants has exploded. While these disputes used to be settled out of court, today the contracting parties dispute before the local court and other instances. These disputes not only spread discord, they also cause costs for the apartment owner such as court and legal fees, enforcement costs and possible eviction costs, which far exceed the basic rent.

Legal protection insurance for homeowners' associations gives you and your company the necessary financial security so that you can enforce your "fair rights".

This steps in when the community needs legal assistance to resolve disputes and restore unity under the common roof.