What is a pecuniary damage liability insurance?
The pecuniary loss liability insurance is a special form of professional liability insurance that offers protection against so-called genuine pecuniary losses to third parties in the event of culpable causation. This means that these pecuniary losses do not occur as a mere consequence of personal injury or property damage.
For many freelancers and professions, it is essential to take out a pecuniary loss liability policy. In particular, for those professionals whose activities consist primarily of asset-related advice and support.