Do you need civil liability insurance?

• Civil liability insurance is not mandatory in all activities
• Helps deal with the financial consequences of accidents, injuries or damage

Civil liability insurance is not mandatory in the development of many activities. However, this type of policy can help cover or avoid extra expenses related to claims.

For self-employed professionals who own bars, beauty centers, hairdressers, insurance brokers or lawyers is essential since, otherwise, they would not be able to open this type of business.

Concept

Liability insurance is a document that provides financial coverage for a person or entity considered responsible for damage or injury to third parties. This is insurance that can help cover the costs of compensation, legal expenses and other types of financial unforeseen events related to civil liability claims.

In cases like those already mentioned, it is the laws or regulations that require their validity, but it will depend on the occupation or activity to which the entrepreneur is dedicated. All those professionals who offer services, as well as bankruptcy administrators, doctors, heads of travel agencies, gas installers, school transport companies or owners of theaters and show organizers will also find this resource very useful when it comes to being able to exercise their activities normally and safely.

Another aspect to consider is that this insurance is not only used to protect businesses, but also to help individuals deal with the financial consequences of accidents, injuries or damages that may be legally attributed to them and that may materially or personally affect others. external agents.

Policies

Civil liability insurance policies are can be customized based on business needs and characteristics, including guarantees of legal and legal assistance and defense. Therefore, it is important that the level of risk associated with your job or work activity be evaluated. The greater the unfavorable eventualities, the more useful it will be to have civil liability insurance to avoid putting the assets of the affected professional at risk.

Ultimately, the decision to purchase liability insurance depends on your specific situation and needs. Talking to an insurance agent or financial advisor can help you determine if it's right for you and get personalized guidance on it.