Motor Vehicle Liability Insurance

Motor Vehicle Liability Insurance is mandatory. This means that anyone registering a motor vehicle in Poland is required to obtain such a policy. Motor vehicles include:

  • automobile,
  • tractor,
  • moped,
  • trailer, as well as
  • slow-moving vehicle.

Overall, this insurance protects the owner or driver of a vehicle from the financial consequences of damages caused to third parties. The insurer compensates the injured party on behalf of the vehicle owner. On one hand, the insurance safeguards the liable party’s assets, while on the other, it guarantees the injured party’s claims are satisfied.

The principles for concluding and executing Motor Vehicle Liability Insurance agreements are governed by the Act of May 22, 2003, on Compulsory Insurance, the Insurance Guarantee Fund, and the Polish Motor Insurers’ Bureau [PBUK] (Dz.U. z 2003 r., Nr 124, poz. 1152 z późn. zm.).

Liability Insurance for Business Activity and Property Ownership

Running a business activity involves the potential to cause harm to third parties. Such harm can affect any participant in economic transactions and may be either personal or property-related. An effective solution in this regard is Liability Insurance for Business Activity and Property Ownership.

The subject of the insurance is the civil liability of the business owner for personal and property damages as well as the financial consequences of such damages. This liability arises from the conducted business activity and owned property, including the risks associated with introducing defective products into the market, provided that the insured is obligated to remedy such damages under civil law provisions.

Having an appropriate liability insurance policy is an essential element that ensures the financial security of a business.

Road Carrier’s Liability Insurance

Road Carrier’s Civil Liability Insurance for domestic, international, and cabotage transport is designed for transportation companies. The subject of these insurance policies is the civil liability of the road carrier, as defined by applicable law (e.g., the Polish Transport Law or the CMR Convention), in connection with the transportation of shipments or goods. Domestic Road Carrier’s Civil Liability Insurance should be taken out by carriers operating within Poland. International Road Carrier’s Civil Liability Insurance is recommended for carriers performing transport between two or more countries. Cabotage Road Carrier’s Civil Liability Insurance provides coverage for transport conducted within a single foreign country.

Taking out Road Carrier’s Civil Liability Insurance ensures effective protection in cases of non-performance or improper performance of a transport contract. This includes not only damage, destruction, or loss of a shipment or goods but also financial losses resulting from, for example, delivery delays or the loss of documents.

In summary, having a well-structured insurance agreement provides the carrier with a sense of security in their business operations and enhances their credibility with clients.

Directors and Officers Liability Insurance (D&O)

Directors & Officers Liability Insurance (D&O) applies to the management bodies of companies from any industry. This insurance covers not only the liability of members of the management board, supervisory board, or audit committee but also proxies and employees in managerial positions for damages caused to the company or third parties in connection with the performance of their duties.

Under a D&O insurance policy, the coverage includes, among other things: legal and extrajudicial defense costs related to claims (alleged or actual wrongdoing), administrative fines and penalties, funds for compensation payments to claimants.

Customs Agents’ and Customs Agencies’ Liability Insurance

This insurance is designed for customs agents and companies providing customs services on behalf of clients. Liability Insurance for Customs Agents and Customs Agencies protects the interests of both the company and the customs agent when carrying out customs service assignments. The insurance coverage includes damages resulting from the non-performance or improper performance of the assigned customs-related tasks. We recommend this insurance not only to customs agents and agencies but also to freight forwarders.

Freight Forwarder’s Liability Insurance

A freight forwarder, in the course of their business, may be liable for compensation due to the loss or damage of a shipment—but that’s not all! A forwarder may also be held responsible even when the shipment itself is not damaged, but the client incurs losses due to improper execution of the forwarding contract. The subject of Freight Forwarder’s Liability Insurance is the civil liability borne by the forwarder for non-performance or improper performance of the forwarding contract. This insurance ensures that the insurer covers the resulting damages in such cases.

A good Freight Forwarder’s Liability Insurance policy guarantees full protection of the forwarder’s interests in the event of claims being made against them. This ensures certainty and security in their business operations.

Freight Forwarder’s Liability Insurance is a way to mitigate the negative impacts associated with running a forwarding business.

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