Fidelity insurance: “gross negligence” as a pitfall

Wednesday, September 23, 2015 Veröffentlichungen

Column by Lars Winkler for 

Fidelity insurance ought to protect companies against financial losses resulting from illegal conduct committed by own employees. This includes losses resulting from fraud, breach of trust and theft.

For some years now, German insurers increasingly deny coverage or only compensate for part of the loss. They claim that the policy holder made the insured event possible due to gross negligence. The insurance often proves worthless as a result.


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