Legitimate possessor

Liability insurance for legitimate possessor covers the losses caused by the ownership or management of legitimate possessions.

 What is the Salva’s liability insurance for legitimate possessor? 

Liability insurance for legitimate possessor is primarily designed for companies that want to insure only the liability arising from the ownership and maintenance of a possession, i.e. building, territory belonging to the building, operating premises, rental space. 

In addition, liability insurance for legitimate possessor is designed for companies, the core or main activity of which is the rental of premises.

See for insurance terms and conditions here and request additional information, if necessary. 

FAQ

Which are the main considerations during the conclusion of liability insurance for legitimate possessor?

Liability insurance for legitimate possessor is only meant to cover the liability related to the possession of buildings, operating premises and rental space. Insurance cover excludes the liability arising from other economic activities, even if these activities are related to the premises. E.g. if the liability insurance for legitimate possessor is purchased for a tourism office, the cover does not include economic activities related to the mediation of travel; in case of a building materials store, the cover does not include losses caused by collapsed shelves or personal injuries or property losses caused to clients in relation with the movement of goods. It is necessary to remember that general third party liability is meant to cover the activities and liability insurance for legitimate possessor is meant to cover the possession of buildings or rental space.

What is covered by the liability insurance for legitimate possessor?

The cover includes the liability to a third person, including a client visiting the operating premises, that arises from causing personal injury or property damage to such person. Owner of a building can cover his/her liability in two ways: first, s/he can cover only losses caused to third persons (so-called external losses or losses related to clients), or extended cover that also includes losses caused to tenants. Tenants can protect themselves only against the claims of third persons. Liability insurance for legitimate possessor does not cover losses caused by a tenant to a renter. 

Is it always necessary to purchase separate liability insurance for legitimate possessor?

Liability insurance for legitimate possessor can also be purchased together with the general third party liability insurance, if the respective policy specifies the relevant address(es) that is (are) covered by the liability insurance for legitimate possessor. E.g. if a company that purchases a cover for its activities as a car repair shop wants also to cover its liability arising from the buildings, it can include both covers in a single insurance policy.