Germany Business Insurance: Essential Coverage Explained
Guide to essential business insurance in Germany, covering liability, professional indemnity, cyber risks, and costs based on business type.
What has been corrected on this page?
Every accepted correction to this page is recorded with the exact change, so readers can see how the page improved over time.
-
Corrected the minimum coverage figure for Versicherungsmakler (insurance broker) professional liability insurance. A related figure, the Berufsgenossenschaft (BG) insurance ceiling, was also corrected from 5% to 10% in the article's paired FAQ data during a later consistency audit.
BeforeVersicherungsmakler (insurance brokers): EUR 1,131,350 per claim / EUR 1,697,600 per year under the GewO
AfterVersicherungsmakler (insurance brokers): EUR 1,564,610 per claim / EUR 2,315,610 per year under the GewO (updated October 2024)
Why: The mandatory minimum professional indemnity coverage for German insurance brokers under the GewO was raised in an October 2024 update, so the article's stale pre-update minimum coverage figures needed to be corrected to the current amounts.
View the full record →
Who checked this page?
1 contributor has checked "Germany Business Insurance: Essential Coverage Explained" on Corpy. Each name below links to that person's public CitePep profile, where every contribution they have made is listed with the exact change they proposed.