Insolvency due to underinsurance – Limitation of liability for chamber professions

insufficient funds in the pecuniary loss liability insurance can quickly lead to (private) insolvency for lawyers, tax consultants and auditors. This is because almost every second chamber professional is inadequately insured against recourse arising from their professional activities. The book reflects typical sources of error and atypical activities with the usual standard coverage of insurers, especially exclusions in the insurance coverage, and shows how liability can be limited and reduced in the event of a claim.

by courtesy of (published in Versicherungsmagazin, issue 06/2010, page 64)

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Dr. Johannes Fiala Dr. Johannes Fiala

Dr. Johannes Fiala has been working for more than 25 years as a lawyer and attorney with his own law firm in Munich. He is intensively involved in real estate, financial law, tax and insurance law. The numerous stages of his professional career enable him to provide his clients with comprehensive advice and to act as a lawyer in the event of disputes.
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