Professional Indemnitiy for Digital Professions

Contract Information: Selected Plan Content

The following information gives you an overview of the important contents of the insurance contract for Professional Indemnity for Digital Professions and the risk carrier Markel. We expressly point out that this information is not exhaustive.

1. Type of Indemnity Insurance Offered

The insurance is Financial Loss Indemnity Insurance (FLII) with integrated Professional Indemnity Insurance (PII) for freelancers and service providers.

The financial loss indemnity insurance also includes first-party claims insurance. The following are insured, among others

  • Costs of an external PR consultant in the event of imminent or already occurred reputational damage due to a damage event,
  • Changing or blocking your own website (e.g. hacking damage)
  • Replacement of lost, own, written documents for order processing,
  • Costs for loss of your own domain caused by a third party (legal protection for domain)

Optional Modules

In order to adapt the insurance cover individually to your business model,’s professional indemnity insurance offers additional add-ons:

2. Premium Payment:

The insurance premium is paid annually by credit card as shown in the premium invoice.

Cost & Charges

The acquisition costs of the contract amount to approximately 26,5% of the annual net premium. The administrative costs for the contract amount to approximately 30% of the annual net premium.


A comparison between several insurance contracts should not be limited to a comparison of the estimated costs and charges of each contract, but should also take into account other elements, such as the scope of cover, the amount of any excesses or the exclusion clauses.

The estimates provided above allow for a better appreciation of the part of the premium that serves to cover the risk insured by the insurance contract. The balance of the premium, after deduction of taxes and contributions as well as acquisition and administration costs, represents the part of the premium allocated to the performance of the contractual services as well as the costs not mentioned above (including the mutualised cost of claims and their management).

These estimates are calculated on the basis of the accounting data for the last financial year of the insurance undertaking as approved by its general meeting.

3. Failure to Pay the Premium

One-time or first premium

As long as the one-time or first premium has not been paid on time, the insurance agreement terminates after 15 days from the day the policyholder received a payment reminder (registered letter) from the insurer with notification that the premium is due.

Follow-up insurance premium

Follow-up premiums must be paid immediately following receipt of the premium invoice. If the premium has not been paid within 15 days from the day the policyholder received a payment reminder (registered letter) from the insurer with notification that the premium is due, the insurer may terminate the insurance contract without a notice period.

The insurer will expressly advise the policyholder of this consequence when the termination is issued. The termination is not valid if the policyholder submits the payment within one month after the termination or the expiry of the deadline, unless the insured event has already occurred.

4. Minimum Contract Period

The contract period is at least one year, unless the 01.01. of a year has been selected as the primary due date (this can be useful for taxation purposes, for example). In this case, the minimum term is calculated from the shortened year (up to 01.01 of the following year) plus 12 months. You determine the exact start and, if applicable, the different primary due date in the online application. Your entries are documented accordingly in the online policy.

5. Start of Insurance

When you pay by credit card, if the application questions are answered with yes, you will receive immediate insurance coverage, i.e. from 12:00 a.m. CET of the selected start of insurance (including Saturday or Sunday). In the online application, you can choose a backdate of up to 3 months or a date that is up to 12 months in the future.

6. Contract Extension and Termination

The contract is extended by a further year if it is not terminated by one of the parties (policyholder or insurer) with one month’s notice to the end of the insurance year.

7. Special Right of Termination

In addition to the ordinary right of termination at the end of the contract, it is also possible to terminate the contract extraordinarily after a damage event has occurred.

You also have the right to extraordinarily terminate the insurance if you cease to work (for a freelancer, for example, when you switch to permanent employment). In this case, any overpaid premiums will be reimbursed proportionally.

For complete information, we ask you to familiarise yourself with the insurance conditions agreed upon.