The importance of civil liability goes beyond the legal requirements necessary for the proper functioning of a business or the conduct of a commercial activity: it provides significant protection for the insured party and support in numerous areas and situations.
Many companies have changed their activity during the state of alarm declared in response to the COVID-19 pandemic. Companies that previously manufactured products in the automotive, food or retail sectors are now producing material for healthcare.
This transition in the company’s business model directly affects its Civil Liability insurance, as the risks have varied and have not been reflected in the policy, and would not, therefore, be covered by the insurance company.
In order to avoid unpleasant surprises if an incident occurs, it is essential for all companies that have changed their activity during this period to contact their broker and update the cover of their Civil Liability insurance.