Grossly negligent organizational fault, insurance cover and the necessity of documentation

Friday, April 13, 2012 Veröffentlichungen

Article by Dr. Anja Mayer in Versicherungspraxis 4/2012

Managing bodies are subject to more and more organization and supervision duties. The discussion about organization and compliance requirements comes along with an increased awareness of insurers of possible organizational faults committed by policy holders. In the industrial indemnity insurance, insurers examine whether they can reduce the indemnification payment due to a possible grossly negligent organizational fault committed by the policy holder.

The article highlights the significance of a proper organization and documentation for the insurance cover.



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