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R+V Firmenkunden Kompakt: the policy wording in full
Haftpflichtkompaktpolice für Firmenkunden mit Produkthaftpflicht nach AHB für Personen- und Sachschäden, Export in das europäische Ausland, ohne erweiterte Produkthaftpflicht und ohne Rückrufkosten.
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Everything about this policy
What the policy covers: 60 points, each with its clause
Quotes are shortened.
The full German wording of each point is on the German page for R+V Firmenkunden Kompakt.
Basics
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Sum insured per claim for bodily injury and property damage caused by products | as stated in the policy schedule | ||
| Annual aggregate (maximum payable per insurance year) | yes | „Ferner kann vereinbart werden, dass der Versicherer seine Gesamtleistung für alle …“ | AHB § 3 III 2, page 10 |
| Deductible for product liability claims | yes | „Es kann vereinbart werden, dass sich der Versicherungsnehmer bei jedem …“ | AHB § 3 III 2, page 10 |
| Contract form: standalone product liability policy or module of the general liability policy | no | „HA-KOMPAKT - Haftpflichtkompaktpolice“ | HA-KOMPAKT, page 243 |
| Insured roles: manufacturer, quasi-manufacturer (own brand), retailer, importer | yes | „die gesetzliche Haftpflicht privatrechtlichen Inhalts des Versicherungsnehmers aus …“ | 1.01, page 245 |
| Trigger: occurrence, act or claims made | yes | „Versicherungsfall im Sinne dieses Vertrages ist das Schadenereignis, das …“ | AHB § 5 1, page 13 |
| Territorial scope for delivered products (domestic, Europe, worldwide) | yes | „durch Erzeugnisse, die der Versicherungsnehmer ins europäische Ausland geliefert hat …“ | 3.05 1. a), page 251 |
| Deliveries to the USA and Canada (direct or indirect) covered | yes, up to EUR 3 million, excess EUR 10,000 | „Als Ersatzleistungen stehen die vertraglich vereinbarten Versicherungssummen, maximal …“ | 3.05 4. b), page 252 |
Conventional product liability
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Bodily injury and property damage caused by manufactured or delivered products | yes | „den Tod, die Verletzung oder Gesundheitsschädigung von Menschen (Personenschaden) oder …“ | AHB § 1 1, page 8 |
| Strict statutory liability under product liability law (ProdHaftG, PHG, Spanish consumer law) without fault | not addressed | ||
| Design, manufacturing and instruction defects (manuals, warnings) | not addressed | ||
| Development risk: defects not detectable by the state of the art when put into circulation | not addressed | ||
| Traded goods and parts purchased from third-party manufacturers | not addressed | ||
| Own brands (quasi-manufacturer) and imports from non-EU countries | not addressed | ||
| Damage from completed work and services (installation, maintenance, repair) | yes | „Lieferungen von Erzeugnissen oder Arbeiten resultieren“ | 1.03, page 246 |
| Mail order and online sales, including via marketplaces | not addressed | ||
| Defence against unfounded claims and costs outside the sum insured | yes | „Die Aufwendungen des Versicherers für Kosten werden nicht als Leistungen auf die …“ | AHB § 3 III 4, page 10 |
Extended product liability (financial loss)
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Extended product liability for pure financial loss of customers covered | no | „Schäden, die durch vom Versicherungsnehmer (oder in seinem Auftrag oder für seine …“ | AHB § 4 I 6, page 13 |
| Lack of agreed properties (no bodily injury or property damage required) | yes | „wenn der Versicherungsnehmer aufgrund einer Vereinbarung mit seinem Abnehmer über …“ | 3.17, page 256 |
| Connection, mixing and processing damage (defective product combined with other products) | not addressed | ||
| Further processing and treatment damage at the customer | not addressed | ||
| Removal and installation costs (removing defective and installing defect-free products) | not addressed | ||
| Seller's removal and installation costs owed to the buyer (subsequent performance under section 439 (3) BGB or equivalent law) | no | „auf Erfüllung von Verträgen, Nacherfüllung, aus Selbstvornahme, Rücktritt, Minderung …“ | AHB § 4 I 6, page 11 |
| Transport costs for defective and defect-free products during removal and installation | not addressed | ||
| Testing and sorting costs (checking products for defects) | not addressed | ||
| Damage from products made with machines supplied by the policyholder | not addressed | ||
| Loss of profit and production downtime of the customer | no | „wegen anderer an die Stelle der Erfüllung tretender Ersatzleistungen“ | AHB § 4 I 6, page 11 |
| Deductible in extended product liability | not addressed |
Product recall
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Recall costs covered (recall liability module or standalone) | not addressed | ||
| Recall from consumers to prevent bodily injury | not addressed | ||
| Recall ordered by authorities (market surveillance) and voluntary recall | not addressed | ||
| Recall from business customers and retailers in the supply chain | not addressed | ||
| Costs of recall notices (media, letters, hotline) and destruction | not addressed | ||
| Costs of crisis and PR consultants in a recall | not addressed | ||
| Recall after malicious product tampering and extortion | not addressed | ||
| Exclusion: recall of motor vehicle parts and accessories (separate automotive recall cover needed) | not addressed |
Exclusions
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Exclusion: aircraft, spacecraft and their parts | yes | „der Planung oder Konstruktion, Herstellung oder Lieferung von Luft- oder Raumfahrzeugen …“ | 4.01 4. a), page 261 |
| Exclusion: motor vehicle parts and accessories in extended product liability | not addressed | ||
| Exclusion: medicinal products (statutory pharma cover) and medical devices | yes | „wegen Personenschäden durch im Geltungsbereich des Arzneimittelgesetzes (AMG) an …“ | 4.01 7., page 261 |
| Exclusion: products not tested to the state of the art (testing clause) | not addressed | ||
| Exclusion: deliberate deviation from laws, standards or customer specifications | not addressed | ||
| Exclusion: damage to the delivered product itself and performance claims | yes | „Haftpflichtansprüche wegen Schäden, die an den vom Versicherungsnehmer (oder in seinem …“ | AHB § 4 II 5, page 13 |
| Exclusion: contractual guarantees and liability extensions beyond the law | yes | „Haftpflichtansprüche, soweit sie aufgrund Vertrags- oder besonderer Zusagen über den“ | AHB § 4 I 1, page 10 |
| Exclusion: punitive and exemplary damages | yes | „auf Entschädigung mit Strafcharakter, insbesondere punitive oder exemplary damages“ | 3.05 2. b), page 252 |
| Exclusion: asbestos, genetically modified organisms and similar substances | yes | „wegen Schäden, die auf Asbest, asbesthaltige Substanzen oder Erzeugnisse zurückzuführen …“ | 4.01 16., page 262 |
| Exclusion: defects in software and data as part of products | not addressed |
Obligations
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Requirement of a quality assurance system or incoming goods inspection | not addressed | ||
| Requirement of product monitoring and documentation (batches, traceability) | not addressed | ||
| Turnover reporting as premium basis and consequences of misreporting | yes | „Zur endgültigen Beitragsabrechnung übermittelt der Versicherungsnehmer nach …“ | 1.08 2., page 247 |
| Provisional cover for new products and risks after inception | yes | „Für Risiken, die für den Versicherungsnehmer nach Abschluss der Versicherung neu …“ | 3.01 1., page 251 |
| Contractual indemnities, quality and liability agreements with customers covered | not addressed | ||
| Waiver of incoming inspection by the customer (duty to inspect under section 377 HGB) covered | not addressed | ||
| Deadline to report a claim or an imminent recall | yes | „Jeder Versicherungsfall ist dem Versicherer (§ 14) unverzüglich, spätestens innerhalb …“ | AHB § 5 2, page 13 |
Contract and term
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Retroactive cover for products delivered before inception | not addressed | ||
| Run-off cover for delivered products after business closure or end of contract | yes | „besteht Versicherungsschutz im Umfang des Vertrages für die Dauer von bis zu fünf …“ | 1.03, page 245 |
| Contract term and notice periods | yes | „Bei einer Vertragsdauer von mindestens einem Jahr verlängert sich der Vertrag um …“ | AHB § 9 I 2, page 17 |
| Premium basis (turnover, payroll, flat rate) | yes | „Die Berechnung des Beitrages erfolgt als vorläufige, im Voraus zu zahlender …“ | 1.08 1., page 247 |
| Insurer's right to cancel after a claim | yes | „Das Versicherungsverhältnis kann ferner gekündigt werden, wenn von dem Versicherer …“ | AHB § 9 II 2, page 17 |
| Guarantee of compliance with the association model conditions (GDV, VVO) or better | not addressed | ||
| Innovation or update clause (future improvements apply automatically) | not addressed |
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Policy wordings and provider
- Legal entity
- R+V Allgemeine Versicherung Aktiengesellschaft
- Distribution
- through tied agents
- R+V-Bedingungsheft Firmenkunden (Haftpflicht), Gesamt-Inhaltsverzeichnis Edition: KFH0123; HA-KOMPAKT Ausgabe Juli 2014; AHB Ausgabe Januar 2008 Original from the insurer (PDF, German)
Full text of the wording
The full text exists only in German.
It is printed on the German page for R+V Firmenkunden Kompakt and available as plain text.
Volltext R+V Firmenkunden Kompakt Produkthaftpflicht · As text (Markdown) R+V Firmenkunden Kompakt Product liability