Business liability insurance: Hiscox remains at the top among IT companies

Business liability insurance: Hiscox remains at the top among IT companies

According to a report by www.versicherungsjournal.de, the results of a quality survey by Vema Versicherungsmakler Genossenschaft e.G. published, which covers the use of business liability insurance (BHV) for various target groups among the intermediaries of their partner companies.

In business liability insurance for IT companies, Hiscox remains the most frequently used provider, followed by Markel and Allianz. VHV was able to position itself clearly in the lead for securing architectural and engineering offices and is ahead of HDI and Markel. In the ranking for BHV insurance for farmers, Concordia Versicherungs-Gesellschaft a.G. came out on top in a close race. through, followed by R+V and GHV Versicherung.

The survey by the insurance broker cooperative shows clear preferences on the market for business liability insurance. For IT companies, Hiscox remains the dominant force, while VHV prevails among architects and engineers. In the farmers' sector, Concordia and R+V compete closely with each other.

Such results may have an impact on the market by enhancing the image and reputation of preferred insurance providers and may require other providers to improve their offerings in order to remain competitive.

Additionally, consumer demand for business liability insurance may shift based on the results of this survey and impact the industry as a whole. Intermediaries can use the results to optimize their recommendations and advice. This could also lead to increased demand for preferred insurance providers, while others may lose market share.