Liability claims arising from purely financial losses are covered, i.e. ones where there are no consequential damages arising from personal damages and damages to property. An example of such an insurance would be any kind of professional indemnity insurance.
German: Vermögensschadenversicherung (836)
Source: FMA AT m. e. E., 30.10.2018
Leave a ReplyWant to join the discussion?
Feel free to contribute!