exali Glossary
Your encyclopedia of technical terms used in the insurance industry
The insurance industry is full of technical terms—from insurance policies and obligations to recourse claims. To help you keep track of everything, the exali glossary explains the main insurance terms in a simple, understandable, and practical way.
In the exali glossary, you will find not only definitions, but also practical examples, legal information, and references to the appropriate insurance coverage. This way, you always know where the risks lie—and how to protect yourself against them.
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Gross Negligence
Gross and simple (slight) negligence is not defined by law, but has developed from case law.
Someone acts with gross negligence if he violates or neglects the due diligence required in (business) dealings to a particularly serious extent.
Note
All Professional Indemnity Insurance from exali.com covers both simple and gross negligence. This also applies to infringements of rights, for example violations of copyright, competition law, licensing law or data protection law (GDPR). With other insurance companies, damage caused by gross negligence is often excluded from insurance coverage.
Term: Gross Negligence
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