Liability Insurance Agreement Template for Netherlands

The Liability Insurance Agreement is a critical legal document used when a business entity seeks protection against potential liability claims under Dutch law. This agreement is essential for risk management and regulatory compliance, providing detailed coverage terms, exclusions, and procedural requirements. It is structured in accordance with Dutch legal requirements, particularly the Dutch Civil Code (Burgerlijk Wetboek) and the Financial Supervision Act (Wet op het financieel toezicht). The document typically includes comprehensive details about coverage limits, premium calculations, claims procedures, and the obligations of both the insurer and the insured. It's particularly important for businesses operating in high-risk environments or those requiring specific liability coverage for regulatory or contractual compliance.

1. Parties: Identification of the insurer and the insured party, including full legal names and addresses

2. Background: Context of the insurance arrangement and brief description of the insured's business activities

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Scope of Coverage: Detailed description of what risks and liabilities are covered under the policy

5. Policy Period: Duration of the insurance coverage, including start and end dates

6. Premium and Payment Terms: Premium amount, payment schedule, and consequences of non-payment

7. Exclusions: Specific risks, activities, or circumstances that are not covered by the policy

8. Insured's Obligations: Duties of the insured including disclosure requirements and risk mitigation measures

9. Claims Procedure: Process for notifying and handling claims, including timeframes and required documentation

10. Limits of Liability: Maximum amounts payable under the policy, including any sub-limits

11. Termination Rights: Circumstances under which either party can terminate the agreement and the process for doing so

12. Governing Law and Jurisdiction: Confirmation of Dutch law as governing law and jurisdiction for disputes

13. Data Protection: Provisions relating to handling of personal data in compliance with GDPR/AVG

14. Notices: How formal communications between parties should be made and delivered