Financial sustainability
FINANCIAL SUSTAINABILITY
The financial sustainability of a Company is essential for Risk Managers as well as Insurers.
Exploitation Civil Liability
Civil liability is a legal obligation to repair the damage that a natural or legal person has caused to others. It is governed by article 1382 of the Civil Code.
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The civil liability of your company can be engaged in the event of direct or indirect damage caused to third parties (be it your customers, your suppliers, the environment, etc.).
A General Civil Liability contract is made up of several components, the first of which is the basic guarantee: Exploitation Civil Liability.
Depending on the nature of the claim, several guarantees may apply. Among them is operational liability insurance (or RC exploitation), which intervenes in the event of damage while
the performance of your services or the daily life of the company.
The operating RC applies in the event of an incident occurring during operation, in the context of the daily activities of the company.
Professional Civil Liability or RC PRO
Guarantee for service companies, whether service, intellectual or intangible.
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The purpose of this guarantee section is to guarantee the consequences of its services as soon as they give rise to a challenge, a recourse on the part of Third Parties (Customers or others).
Product Liability or After Delivery
Guarantee for commercial, industrial or agricultural companies.
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The purpose of this guarantee component is to guarantee the products after the act of sale. In the event of an implication or recourse on the part of a Third Party, this guarantee can work to help the company to determine its responsibility in the disaster or the inconvenience caused.
If its responsibility is proven, the guarantee also intervenes in compensation.
Depending on the activity and the type of products sold, it is important to set up guarantees such as the Deposit and Restoration Fees or the Withdrawal Fees.
Civil and Decennial Liability
This guarantee component is applicable to all Companies in the Construction sector requiring a 10-year cover on their achievements.
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Maritime, Aeronautical, Nuclear and Medical Liability
Depending on your sector of activity, holding a guarantee in "RC" may prove to be compulsory. Sometimes it is even necessary to have a separate contract to cover only part of your activity.
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Civil Liability of Directors or Corporate Officers
Executive Civil Liability contracts cover ex officio and de facto executives that they may suffer following a fault in the management of their business.
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Professional Civil Liability contracts do not cover the assets of the manager personally challenged for a management fault.
By means of his Civil Liability insurance, the company manager took care to insure his company for bodily, material and immaterial damage caused to others.
However, these guarantees do not cover the personal property of the manager personally implicated for a management error.
When his personal responsibility is sought in the context of his duties as manager, neither his family liability insurance nor the liability insurance of his company can play.
Likewise, his company cannot take charge of the complaint lodged against him.