Several hands pulling on a rope – symbolic image for financial loss legal protection and economic disputes.

Personal protection for financial legal disputesFinancial loss legal protection insurance

Imagine that a business partner accuses you of having caused considerable financial damage by failing to provide information. Regardless of whether the allegation is justified, you will first have to defend yourself – and the costs of lawyers, expert opinions and court proceedings can quickly run into the tens of thousands.

Personal protection in the event of financial legal disputes

Financial loss legal protection insurance provides you with comprehensive protection against the financial consequences of such proceedings.

The insurance cover includes the costs of legal advice, legal representation and court proceedings, both for external claims, for example from clients, business partners or third parties, and for internal conflicts with financial relevance.

This insurance is particularly recommended for people in entrepreneurial or responsible positions, such as managing directors, supervisory board members, freelancers or bodies of legal entities. In the event of property-related disputes, fast, professional and strategic legal support is crucial to safeguard your reputation and your economic existence.

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Insured risks & hazards
  • Claims for compensation by third parties: For example, from clients or business partners due to alleged errors or omissions in professional activities.
  • Contractual disputes: Legal disputes in the event of alleged breaches of contract or discrepancies in contract fulfilment.
  • Financial claims asserted by third parties: For example, through lawsuits resulting from professional activities.
  • Claims due to suspected financial losses: For example, as a result of incorrect advice or failure to provide information.
  • Defence costs in legal disputes: Including legal support and procedural costs.
Scope of cover & extensions
  • Assumption of legal and consulting costs in legal disputes.
  • Reimbursement of court and procedural costs, including fees and expenses.
  • Financial protection in the event of claims for compensation asserted by third parties.
  • Assumption of costs in the event of contractual disputes, in particular in the event of suspected breaches of duty.
  • Support in criminal investigations in a professional context.
  • Coverage of expenses for mediation procedures to resolve disputes out of court.
Insured Persons
  • Freelancers and self-employed persons
    For example, lawyers, tax advisors, financial advisors or other advisory professions where professional errors may lead to financial losses.
  • Companies and their management
    Especially in the case of liability risks arising from management tasks or entrepreneurial responsibility.

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