Business liability insurance
According to Icelandic law, an individual is liable for damages caused to others through negligent and unlawful actions. This rule is known as the rule of fault and is a fundamental principle in Icelandic law.
Liability insurance for businesses is intended for companies and operators with the purpose of compensating for damages when liability for damages arises.
According to Icelandic law, an individual is liable for damages caused to others through negligent and unlawful actions. This rule is known as the rule of fault and is a fundamental principle in Icelandic law.
Liability insurance for businesses is intended for companies and operators with the purpose of compensating for damages when liability for damages arises.
The insurance covers
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Direct personal injury of employees or others when liability exists.
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Damage to property when liability exists.
The insurance does not cover
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Damages for which the insured is liable due to breach of contract.
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Damage due to loss of items in the insured's custody.
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Damage due to fire.
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Damage caused by the insured as the owner or user of a registered vehicle, aircraft, ship, boat or other vehicle.
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Damage due to construction works on real estate owned or used by the insured.
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Damage resulting from pollution. However, a compensation obligation may arise due to a sudden event.
Please note that the information about the insurance is not exhaustive. More detailed information can be found in the insurance terms.
In case of a discrepancy between this information and the insurance terms, the insurance terms apply.
Insurance terms and other information
The insurance terms is your contract with VÍS. It is important to thoroughly read the terms and understand what is covered and what is not, before purchasing the insurance.
We point out that the information document contains a brief summary of the main aspects of the insurance. Further information about the insurance can be found in the insurance terms.
Insurance terms and information document