Professional Insurance in Luxembourg

The professional insurance in Luxembourg is dedicated to the coverage of the civil liability of either individuals or companies within the framework of their professional activity.

Professional Liability Insurance is divided into 3 parts:

• Professional Liability: covers the legal liability of the company in case of damage caused to your clients.
• Operating Liability: covers accidents involving a third party with whom you are not contractually bound.
• Post-Delivery/Work Liability: covers defects in your product or issues with any completed work occuring after delivery.

Note that Pro Liability only covers the company, not Directors and Officers. To protect them, you must purchase additional insurance called "Directors and Officers Liability". For more information, click here.

We offer a wide range of car / motorcycle / truck (and other) insurance for professionals such as:

• Vehicle insurance
• flet insurance
• red plate insurance

If your requirements are related to road and water transport, we also have a specific solution. Do not hesitate to contact us

• Fire explosion and lightning Insurance: covers buildings and contents in case of fire
• Storm Insurance: covers material damage to the insured property and includes hale damage hail as well as damage caused by the weight of rooftop snow/ice
• Theft and Vandalism Insurance: covers insured property inside the building or vehicle. Extended warranties may also cover damage and vandalism
• Water Damage Insurance: covers damage or deterioration to property caused by water
• Glass Breakage Insurance: covers the replacement of windows, glass and even mirrors that may be damaged
• Natural Disasters Insurance: covers material damage caused only to the insured property
• Broken Machinery Insurance: covers damage to machines whether in operation, parked or being transported
• Labor Disputes and Attacks at Work: covers damage to insured property caused by people engaged in protests in the event of attacks, riots, strikes or lockouts
• Operating loss Insurance: compensates financial losses suffered by a break in production, and the related charges that continue, such as salaries, rent etc

Multi-Risk Corporate Insurance (MRC) is a combination of several complementary guarantees that cover both the activity and the property of your company.

MRC is a tailor-made insurance that can include:

• Civil Liability
• Office insurance
• Business interruption
• Cyber Attack
• Legal protection
• Additional categories, details provided upon request

Travel Insurance

If your company requires business trips abroad, Travel Insurance is the solution for safe and worry-free travelan. Whether it's a one-off or regular trips, the policy can be adapted to your needs.

The coverage options we offer are:

• Cancellation insurance
• Luggage protection
• Personal and vehicle assistance
• 24/7 assistance
• Repatriation

Employees: Retirement, death and disability insurance

• Retirement: in Luxembourg, the company has the possibility of deducting this insurance for tax purposes, and the employees benefiting from this complementary pension are free to contribute to it themselves.
• Death and disability: this coverage guarantees the payment of a capital sum in the event of the employee's death or total or partial irreversible disability. It can also be paid in the form of a lifetime annuity.

Group Health

In Luxembourg, supplementary health insurance is paid after reimbursement by the CNS (Caisse Nationale de Santé). Several reimbursement formulas apply in the case of hospitalization, for dental treatment, for visual and ophthalmic aids or even for alternative therapies. Companies can thus take care of their employees' health via a scheme that can be adapted to their particular situation and budget.

Legal Protection Insurance:

• advises and supports you in the event of contractual disputes
• puts you in touch with qualified lawyers who can answer your questions
• drafts your letters
• manages your conflicts out of court
• covers the associated costs

Computer Data Insurance & Cyber Attack Protection covers:

• hacking
• phishing
• cyber fraud
• cyber blackmail

Solutions are often expensive and the costs for specialised assistance quickly escalate and so we advise a combination with legal protection that can assist in protection from these risks.

To provide protection from the risks of transportation, Transported Goods Insurance cover the costs of damage to goods.

Thanks to various guarantees, it is possible to put in place tailored transportation insurance solutions that optimally protect your goods from departure point to arrival at the end-destination.

Premiums are defined according to:

• the level of risk
• the nature of the goods transported
• the conditions of transport
• the extent of the service provided

Director & Officer (D&O) Insurance protects them against any errors and omissions that might occur in the performance of their duties and avoids any claims on personal assets.

It covers:

• defense costs
• cost of damage
• cost of damage to the reputation of the director

There are various product categories depending on appropriate your needs:

• Cash Flow Protection: Insurance that covers your finances by protecting you against non-payment by your clients
• Credit: Insurance that covers your risk related to unpaid invoices
• Fraud: Insurance that covers the costs associated with fraud and malicious actions
• Key Man: Insurance that covers the temporary or unavailability of a key person, impacting the smooth running of the business
• Cross Partner: Insurance that provides financial support to the other partners in the event of the disappearance or death of one partner
• Mergers and Acquisitions: Insurance that allows you to carry out your transactions quickly and securely (liability guarantee, claim buy-back, liability buy-back, etc.)
• Kidnap and Extortion: Insurance that covers companies and employees against ransom risks
• Computer Data & Cyber Attack Protection: Insurance that covers costs in case of cyber-attacks (hijacking, hacking, phishing...) 
• Reputation and Image Restoration: Insurance that covers the costs of rehabilitation in case of damage to reputation and image

Your broker will be more than pleased to provide you with a tailor-made study and advice on the risks against which you wish to protect yourself. Do not hesitate to contact us.

To protect your financial activities, there are different product that you can combine:

• Initial Public Offering (IPO): Insurance that protects the company during its IPO
• Prospectus: Insurance that protects the company against any errors that might appear in the prospectus
• Directors' and Officers' Liability: Insurance which protects directors and officers against any mistakes or errors made in the exercise of their duties and avoids any implication for personal assets
• Computer Data & Cyber Attack Protection: Insurance that covers costs in case of cyber-attacks (hijacking, hacking, phishing, etc.) 

OCA Luxembourg is specialised in insurance for construction, real estate and Financial Bond (Financial Guarantee of Completion - FGC - or Garanties Financières d'Achévement - GFA - in French).