Advisor’s liability

Advisor’s liability

In Germany, the service sector accounts for around three-quarters of all jobs and contributes 70 percent of overall added value. This all-important sector comprises numerous interest groups and a wide variety of professions, which in turn are closely associated with the manufacturing sector. On the one hand, there are many well-established, traditional professions, such as the registered professions, while on the other hand, new service providers are constantly arriving on the market in this digital age. The relevant insurance markets have either existed for decades or have to be adapted to cater to the newly arising needs. An understanding of risk, a level of expertise and access to the market are all vital in order to cater to the demanding clientele and their specific individual risks.