When running a GmbH (limited liability company), managing directors bear several liability risks. There are insurance policies that help ensure your professional and private existence is not endangered in the event of a claim.

In this tutorial, Olaf Grünewald from Versicherungskammer Bayern provides insights and practical tips on insuring IT risks (e.g., app programming) for startup managing directors:

• What liability risks exist in particular regarding cyber, IT, and electronics risks for startup management, especially for app startups?

• What threats do I face in the event of a claim?

• To what extent can I sensibly insure against these liability risks?

• As a startup, can I insure against lost revenue resulting from a claim?

• Can I protect the startup against outages caused by cyber attacks from an insurance perspective?

• What costs should I expect?