FINANCIAL LINES & PROFESSIONAL LIABILITY
Under the influence of consumer law and common law, the liability of finance professionals and all regulated and non-regulated advisory professions has increased: legal expertise in drafting their French and international policies has become an essential requirement.
– Liability insurance contracts are governed by principles other than liability law, hence the frequent gaps with companies’ and their executives’ liability cover
– These differences are very clear in the event of a business sale / split – Liability insurance contracts are governed by domestic law, which varies considerably from one country to another in insurance law
– This can result in considerable gaps in coverage, often inadequately assessed by vendors, guarantors and buyers
InsurancePartners has long-standing, regular and specialised experience in these issues, both in France and internationally.