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.
The insurance premium is paid annually by credit card as shown in the premium invoice.
3. Failure to Pay the First Premium
If the insurer does not receive the first insurance premium due to your fault (e.g. insufficient funds in your account), the insurer has the right to withdraw from the contract. The insurance coverage then only begins with the receipt of the late payment.
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.