Keywords
subscription
insurance policy
civil liability
risk (insurance)
How to Cite
Abstract
Whenever a natural or legal perosn subscribe an insurance policy in order to cover civil liability that may result from damages caused to thirs parties as a result of the performance of their activities, it is of great importance to teke into consideration some aspects. The consditions established at the time of subscribing the insurance policy determine the scope of the coverage granted by the insurance company and in the end they determine effective protection the insured wil have once the loss has occurred.
In order to have the adequate protection of equity, the insured party mus take into consideration some important aspects at the tiem of subscribing any civil liability insurance.
These aspect are the following ones: the correct and complete statement about the status of the risk, learning about the information resulting form inspecting the risk, the correct determination of the amount insured, estabblishing the modality of temporary delimitation of the coverage that is adjusted to the activity developed by the insured prty, covering the risk the best way possible, including coverage for contractual civil liability and forr torts for economic damages and non-econimic damages, as well as with regard to the citim's profit lost.
As well, the need to take special care in including all areas in wich the insured party develops its activity and terms granted in the insurance policy to report them is highlighted.
Finally, some aspects of the policies that are worth of attention by the insured party are indicated, such as guarantee clauses, exclusions, deductible items and the inclusión of the arvitration clause
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