The daily liability risk lets many GmbH managing directors no longer sleep easy. Rightly so! If there is a liability case, such as B. in the case of insolvency of the GmbH, there are quickly claims in the millions against you as the managing director in the room. insurance quotes.

And then things can happen quickly: If you are not sufficiently insured now, your private assets can even be confiscated, known as arrest.

For you as a GmbH managing director, in addition to good operational organization, only D&O insurance offers you sufficient protection against such financial losses due to a breach of duty.

But that's not the only advantage!

This liability risk with your private assets is usually hardly taken into account

As a GmbH managing director you can be as conscientious and careful as you want: That still does not protect you from personal liability!

In practice, with your private assets you are not only responsible for your own mistakes, but also for the negligence of your colleagues in the management of the GmbH.

You don't want to be liable for your colleagues, do you?

Example:

• As the managing director of your GmbH, you are responsible for marketing. Quite unexpectedly, you suddenly receive a notification in which you are personally asked to pay social security contributions of around € 100,000. The reason: Your colleague managing director, who is responsible for finances and human resources, has not paid any contributions for the employees of the GmbH for a longer period of time without your knowledge.

Episode:

• No chance! Even if you are not responsible for this behavior internally, you are liable to the authority in the same way as the manager colleague who caused the damage!

With these arguments you will convince the most stingy shareholders

Admittedly: D&O insurance is anything but cheap!

That is why most shareholders downplay the risks that you as a GmbH managing director are personally exposed to. In this case, you need a lot of persuasiveness and good arguments in order to not only get the service contract as managing director, but also the D&O insurance.

The disadvantage of D&O insurance: 10% deductible

The D&O insurance companies do not want to let you get away with it as the managing director of the GmbH. Board members of stock corporations are covered by D&O insurance with a deductible of

• 10% of the damage amount,

• but a maximum of 1.5 times the annual fixed remuneration

Committed. D&O insurances often provide deductibles for GmbH managing directors, which are due in the event of damage.

Tip: You can also have this deductible covered by separate insurance and thus reduce your personal liability risk as a GmbH managing director to zero.