VSH: Coverage gaps for liability umbrella and intermediaries

Time and again, companies in the investment brokerage industry get into difficulties or disappear from the market. In fact, the individual intermediaries, for whom such events can threaten their very existence, are always caught up in the maelstrom. The latest example of this could now become the liability umbrella of Infinus. For the time being, […]

Public liability using the example of the Love Parade coverage gap

What entrepreneurs can learn from this for their own liability insurance   7.5 mi. Euro sum insured – instead of the usual 100 million minimum cover The Love Parade disaster in Duisburg after a mass panic was insured at an astonishingly low level. The amount of cover provided by the organiser’s liability insurance is obviously […]

Coverage gaps in pecuniary loss liability insurance

One in two chamber professionals is inadequately insured against recourse arising from their professional activities. In the area of the necessary pecuniary loss liability insurance (VSH), insufficient coverage can quickly lead to (private) insolvency in the event of a claim. The work reflects typical sources of error and atypical activities with the insurers’ usual standard […]

Insurance brokers liable for gaps in insurance contracts

– How insurance agents and brokers are liable for incorrect fact finding and other errors -. The Federal Court of Justice (BGH, judgment of 12 March 2014, Case No. IV ZR 306/13) dismissed the claim of a policyholder against his insurer for damages due to insufficient information. The insured person or his insurance broker had […]

Advisory duties, liability, gaps in cover using the example of natural hazard insurance

– When insurance brokers and agents are liable for the uninsured like insurers -.   The German Insurance Association (GDV) puts the insured losses from the flood disaster in July at around €7bn. However, for damages that are not insured in whole or in part, the liability of the insurance intermediary, who often provides “support”, […]

Typical gaps in protection in the financial loss liability insurance of the guardian

CONTENTS   I. Liability in the event of delegation of tasks II. Particular gaps in cover for voluntary guardians III Further questions regarding adequate insurance cover arise for the professional guardian: Consequences of partnership, cooperation and office sharing No pecuniary loss insurance for lawyers and tax advisors in the case of commercial activity as guardian […]

occupational pension schemes: gaps in insurance cover for intermediaries, initiators and trustees

by Ralf W. Barth, pecuniary loss liability broker (www.rwbfinanz.de) and Johannes Fiala, lawyer (www.fiala.de) Practical gaps in the intermediary’s VSH protection: A short story starts with the statement of an insurer that only the advice of the employer in the occupational pension scheme is insured in the scope of coverage – but not the advice […]

Controlling and distribution law: Increasingly large VSH gaps in the area of closed-end funds and investments

*by Johannes Fiala, Lawyer (Munich), Mediator (Univ.), MBA Financial Services (Univ.Wales), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), EC Expert (C.I.F.E.), Lecturer (Univ. of Cooperative Education), Banker (www.fiala.de) Never do anything by halves, or you’ll lose more than you can ever recover. (Louis Armstrong, American jazz musician, 1900 – 1971) The VSH broker Ralf […]

Veröffentlicht unter Uncategorized

OLG Celle: Pension providers are directly liable to employees for pension gaps

Advice errors by intermediaries, including on pension disadvantages in the event of a change of employer, open up the possibility of legal action against insurers, provident funds, etc…. – *by Dr. Johannes Fiala, Attorney at Law (Munich), MBA Financial Services (Univ.), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), Lecturer for Civil and Insurance Law […]