Business Insurances

Depending on your field of business, you may need to take out insurance policies against many different risks. Below, you will find some general remarks on various types of insurance.

Marine Insurances

Goods-In-Transit Insurance

Insure your financial interests in transported goods against the dangers of transportation. A Goods-in-Transit Insurance policy pays damage compensation independently from the carrier´s liability, and based on both English and German insurance conditions. We make it easy for you with our comprehensive individually-tailored insurance solutions.

Professional Liablility Insurance

Professional Liability Insurance serves to protect your liability as a freight forwarder, carrier, and storekeeper, whether in Germany, Europe, or anywhere else around the world. Our custom-tailored insurance policies contain additional coverage beyond the market standard.

Both forwarders and carriers, whether operating locally or globally, are subject to different liability regimes that may legally require liability insurance. For livelihood security, however, it is essential to guard against these liabilities.
As a storage owner, you are liable to the depositor as your customer for damage and loss of the stored goods on the basis of legal provisions or general terms and conditions. Secure your liability risks by choosing an appropriate plan for storage owner’s liability insurance.
Transporting high-value and specialized cargo, project forwarders should insure against all of the liability risks involved in their individual contracts, logistics, and project orders, which will far exceed the liability by law or international liability stipulations.

Hull-on-Land Insurance

Hull-on-Land Insurance provides coverage for land vehicles that cannot be insured with motor vehicle insurance. These include rail vehicles, trailers without propulsion systems in the fairground business, and equipment abroad that is not self-propelled.

Hull & Machinery and Protection & Indemnity (P&I) Insurance

Hull & Machinery Insurance covers all damages to insured vessels. Protection & Indemnity (P&I) refers to liability coverage for third-party damages.

Hull and Machinery Insurance policies can cover all seaborne vessels. These also include special ships and ship-shaped units, such as ocean-going tugs and ship cranes. By insuring a vessel with a Hull and Machinery Insurance plan, total loss or partial damage caused by the dangers of the sea will be covered for the vessel. Also, the protection extends to disposal ordered by authorities, disappearance, and piracy.
Protection risks: Liability risks arising from non-contractual relationships, such as collision, people and pollution damage, wreck removal costs. Indemnity risks: Liability risks, especially from freight contracts. Even charterers are subject to these liability risks for all bookings that are not completed on the basis of “Full Liner Terms.”
Freight, Demurrage & Defense Risks (FD&D): Legal expenses and consulting for cost-risk coverage.

General Insurances

Professional Liability Insurance

This liability insurance covers both justified claims for damages by third parties, as well as the defense against unjustified claims for damages, including personal, property, and financial losses.

Every industry has its own specific liability risks. We analyze these risks and design the most suitable coverage concepts in collaboration with renowned insurers. When it comes to international liability insurance, we have many years of experience and comprehensive know-how, and we can offer solutions to meet the specific needs of your foreign clients.
Product liability coverage is usually part of the business liability insurance plan. Industry-specific, extended product liability insurance may be required. To us, this kind of tailored package offers special coverage extensions beyond the usual standard.
Both types of coverage are usually part of business liability insurance. Part of the environmental liability insurance includes personal injury, property damage, and financial loss, resulting from an environmental cause. Environmental damage insurance provides coverage for damages under the environmental damage law. These include emissions or incidents that have resulted in damage to protected plant and animal species, natural habitats (biodiversity), or soil and water.

Directors and Officers Liability Insurance (D&O)

With this management liability insurance, an extended group of people, such as executives and general managers, or other people in senior positions of responsibility, are insurable. In the course of your work as a manager, you may be at risk of making a mistake that could lead to claims for damages from your customers or your company. D&O insurance, which protects you from personal financial losses, is therefore recommended. We work with highly-qualified partners in this field and are thus in a position to be able to offer protection above and beyond the market’s standard insurance coverage.

Commercial Property Insurance

To ensure business continuity, coverage for assets and resources is essential. The insured risk catalogue should, in addition to the classic risks, such as fire, water, burglary, storm, hail, and other natural hazards, also include business interruption coverage. We will work with you to help you analyze your insurance demand.

Technical Insurance

Technical Insurance, which may include electronics, machinery, and builder’s risk insurance, basically offers all-risk coverage. As international brokers, we are in a position to offer you the insurance coverage you need abroad.

Commercial Vehicle Insurance

If leased, company vehicles are often insured by the lessor. Experience has shown that this insurance coverage is not the most cost-effective, so it makes sense to look at possible alternatives.

Personal Risk Insurances

In everyday business, it is important to insure more than just financial and material risks. Comprehensive personal insurance plans are a crucial part of modern compliance requirements.

With Group Personal Accident Insurance, employers can close the gap of inadequate legal protection against accidents. This will make your company more attractive to both current and future employees and highly-qualified experts. Ask us about this type of insurance for more information.
If your employees frequently travel on business to foreign countries, Travel Health Insurance is a must. Private insurers often pay very limited amounts for the cost of treatment abroad, ultimately meaning that employees bear a large portion of the costs out of pocket. Travel Health Insurance can cover the entire cost up front.
In general, but in light of the current situation in many countries, taking out a K&R Insurance plan for people who travel abroad is recommended. For further details, please contact us personally.

About dib