Professional Indemnity Insurance in Finland

With exali's Professional Indemnity Insurance, you and all employees of your Finnish business are covered. These are the following persons:

• Permanent employees, apprentices, trainees and interns, working students
• Freelance employees
• Members of the management board
• Volunteers and part-timers
• Co-owners, limited partners, shareholders, supervisory board members and advisory board members
• Employees of temporary employment agencies integrated into the company
• Subsidiaries, branches and offices in the domestic and European economic area (including Great Britain and Northern Ireland)

Your activities as a managing director outside the company are also covered, as well as participation in consortia and joint ventures.

If you engage subcontractors within the scope of a project, you are covered. However, the Professional Liability of these subcontractors is not insured by your policy, so they can be subject to recourse (the right to demand payment) by the insurer after the claim has been settled.

As with any professional liability insurance, there are also some exclusions with the Professional Indemnity Insurance. You can find these transparently in the Professional Indemnity Insurance Conditions under point E. Typical exclusions are, for example, damage caused intentionally. Furthermore, damage caused by war, terrorism or the threat or use of force are excluded. If you have any questions about what is included or excluded in your Professional Indemnity Insurance, please call exali customer service (English or German only). We will answer all your questions about professional liability.

The contract term is at least one year. When you fill out the online questionnaire, you will be shown the insurance expiration date right away. The insurance premium is then due annually on this date.

Special case: Would you like the premium payments for the professional indemnity insurance to be debited directly in January in the following years? You can ensure this by setting the insurance expiration date to 01.01. when concluding the contract. In order to comply with the minimum contract period, the contract period is extended accordingly by one year up to 01.01. of the following year.
Example: You take out the insurance on 01 September 2023, but you want to pay the amount in January in the future. In this special case, the expiry date cannot be set on 01.01.2024 (three months after the start of insurance), but only on 01.01.2025 (15 months after the start of insurance) in order to comply with the minimum contract period of 12 months.

3-year contract: Alternatively, you can also conclude a 3-year contract in the questionnaire with an additional discount of 10 per cent. The minimum contract period is extended accordingly.

For your coverage it doesn´t matter if you run your business as a freelancer, self-employed or legal entity. The legal form has no impact on the insurance premium. The premium is mainly determined by your annual net turnover and chosen insured sums.

exali's Professional Indemnity Insurance offers you worldwide coverage. For you, this means that no matter where in the world you cause damage to a third party, you are covered.

An exception is only made for the part of the General Liability Insurance (if taken out) for personal injuries, property damage and resulting financial losses that are claimed before courts in the USA or are based on the violation of US law. The 3 following cases are the only ones that are insured in these cases:

• Business trips to the US
• Participation in trade fairs, exhibitions or events in the US
• Indirect export* of products or services to the US

*An indirect export occurs when products or services have reached the US without the policyholder or co-insured persons having initiated this.

If you have caused or suffered damage, you should first of all keep calm. Contact our experts from exali customer care. You will find a claims form to fill out in your “My exali” customer area on the website. The claims form gives you additional information needed in a case of a claim. You can reach us before filling out the form by phone at + 49 (0) 821 80 99 46-0 or via e-mail at info@exali.com (English and German only). Together we will discuss the next steps with you, prepare all the information for the claims form and forward it to the insurer.