{"id":4930,"date":"2023-03-18T12:20:35","date_gmt":"2023-03-18T12:20:35","guid":{"rendered":"https:\/\/jhcolorpowdercoating.com\/?p=4930"},"modified":"2023-03-31T15:59:51","modified_gmt":"2023-03-31T15:59:51","slug":"professional-legal-protection-i-m-minimizing-the","status":"publish","type":"post","link":"https:\/\/jhcolorpowdercoating.com\/professional-legal-protection-i-m-minimizing-the.html","title":{"rendered":"Professional legal protection: i’m minimizing the risk!"},"content":{"rendered":"

You are on the front line and make decisions of great consequence every day. But if push comes to shove and your decision was wrong, you are liable for it. How to protect yourself? With a manager insurance. <\/p>\n

\"Professional<\/div>\n<\/p>\n

As a manager, you make decisions every day – and you can be held liable for them. Lawyer Steffen Rohrig explains how to protect yourself.<\/p>\n

Ex-Arcandor boss Thomas Middelhoff did not really have much to laugh about in recent years. The former top manager repeatedly sat in the dock. Among other things, in an embezzlement trial. But Middelhoff was able to relax quite a bit, at least in a threatening situation. He was spared bail – because his manager's insurance took over a liability guarantee. In the amount of 3.4 million euros. Manager Insurance? There is indeed. And for many managers, it is an indispensable part of their everyday working lives. In this euphonious term, marketing experts wrap up the unwieldy verbiage of good old professional indemnity insurance. Why this is not a bad idea for managers, managing directors and board members? So that disputes or liability in the workplace do not turn into a financial disaster.<\/p>\n

What can happen to me?<\/h3>\n

Of course you are no Thomas Middelhoff. But nevertheless, you can still encounter a lot of things from the point of view of labor law. Professional legal protection insurance helps cover financial risks arising from conflicts in the employment relationship. In labor law proceedings, for example, if you take legal action against your employer's dismissal, you pay the legal fees even if you win the case. But there are also considerable risks when it comes to liability, as Steffen Rohrig, a specialist in labor law, knows: "Most legal systems around the world also provide for the personal liability of individuals, even if it appears that only companies have come into contact with one another. In addition, for many reasons, companies often want to shift final liability to individuals. For this reason, executives and corporate bodies must always expect to be claimed against. And because of the high amounts in dispute, the costs are usually very high."<\/p>\n

What to consider when choosing insurance?<\/h3>\n

As a rule, full protection only kicks in after a waiting period of three months with many insurance companies. Neutral comparison portals help with initial orientation, but they are no substitute for an individual comparison for the respective situation. Professional legal protection insurance covers u. a. In the following common disputes:<\/p>\n