Optimal coverage for your activityFinancial loss liability insurance for mediators
Financial loss liability insurance is not an obligation for mediators in Germany – however it is a very sensible investment.
Protection of mediators is a traditional need of this profession. Now the Federal Mediation Association is responding to the desires of its members. The initial inspiration was the fiduciary duty: Members of the Federal Mediation Association should obtain exclusive products at a marketable price/performance ratio. This includes innovative conditions and content, as well as qualified advice from an external service provider.
Anyone who works as a mediator should be comprehensively insured to cover their liability risks.
Thus, the Federal Mediation Association had exclusive mediator coverage developed for the professionalisation of mediation. This was preceded by a two-year research, negotiation and development process. For the time being, the exclusive professional indemnity insurance and office inventory insurance are only available to members of the Federal Mediation Association (Bundesverband Mediation). The Federal Mediation Association itself does not act in an advisory or mediating capacity. However it recommends, that liability risks arising from the mediator’s activities should be sustainably covered. These include both justified and unjustified financial losses (as well as personal injury/property damage) and inventory risks (all-risk).
For members of the Federal Mediation Association, Mesterheide acts as the first and direct point of contact – for all questions involving advice, service, mediation and claims processing. Thus, the consulting and contractual relationship exists exclusively between the mediators and Mesterheide.
To benefit from exclusive insurance products, active professional association membership in the Federal Media Association (not sponsoring membership) is all that is required.