Professional Indemnity Insurance in Lithuania

With exali's Professional Indemnity Insurance, you and all employees of your Lithuanian 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 marginal employees
• Unitholders, 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 by insurance. However, the personal liability of these subcontractors is not insured, so they can be taken recourse to 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, damages caused intentionally or knowingly and willfully. Furthermore, damages caused by war, terrorism or the threat or use of force are excluded. If you have any questions about the scope of benefits or exclusions of Professional Indemnity Insurance, please call exali customer service. 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 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 2018. You want the amount to always be collected in January in the future. In this special case, the expiry date cannot be set on 01.01.2019 (three months after the start of insurance), but only on 01.01.2020 (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 with an additional term discount of 10 per cent in the questionnaire. The minimum contract period is extended accordingly.

exali's Professional Indemnity Insurance offers you worldwide insurance cover. For you, this means that no matter where in the world you cause damage to a third party, you are covered. An exception is made 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:

• Participation in or carrying out business trips
• Participation in trade fairs, exhibitions or events
• 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 suffered a damage, you should first of all keep calm and not act without thinking. Contact our experts from exali customer care. You can reach us by phone at + 49 (0) 821 80 99 46-0 or via e-mail at info@exali.com. Together we will discuss the next steps with you, prepare all the information and forward it to the insurer.