Civil Liability is a fundamental concept in the insurance world that protects your assets against damages you may cause to third parties.
1. What is Civil Liability?
Civil Liability refers to the obligation to repair damage caused to a third party through your own actions or omissions.
2. Types of Civil Liability
There are different types of coverage depending on the scope: Personal, Family, Professional, Business, and Product Liability.
3. Common covered situations
Civil Liability insurance can cover material damage to third parties, personal injuries, and economic losses.
4. Importance in different contexts
Civil Liability is crucial in various scenarios: personal and family life, professional practice, and business activity.
5. Benefits of having this coverage
Civil Liability insurance provides you with asset protection and peace of mind in your activities.
Conclusion
Civil Liability insurance is an essential tool to protect your assets and ensure peace of mind in your daily activities. Don't underestimate its importance and make sure you have adequate coverage for your particular situation.
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Civil liability in a building: who responds
The most common civil liability case in Argentina: damage to a third party inside a building and the coverage that responds.
See the consortium insuranceFrequently asked questions
What is civil liability?
It is the obligation to repair the damage caused to another person or their property, whether by one's own act, by someone in one's charge or by a thing one owns or keeps. In Argentina it is governed by the Civil and Commercial Code from article 1716.
What is the difference between contractual and non-contractual liability?
Contractual liability arises from breaching a contract; non-contractual liability, from damaging someone with whom there was no prior contract, such as a flowerpot falling from a balcony onto a car. The Civil and Commercial Code applies common rules to both.
What does civil liability insurance cover?
It pays the compensation the insured owes to third parties for covered damages, up to the sum insured, and usually the defense costs. It does not cover one's own damages: other coverages handle that.
Is civil liability insurance mandatory?
To drive a vehicle, yes: it is required by Traffic Law 24,449. In other cases (home, business, building) it is generally voluntary, although a regulation or a contract often requires it.
How long do I have to file a claim for damages?
As a general rule, a civil liability compensation claim expires after three years (article 2561 of the Civil and Commercial Code).
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