vastuuvakuutus

Vastuuvakuutus, or liability insurance, is an insurance contract that provides financial protection against claims brought by other people for damages or injuries caused by the insured’s actions, negligence, or omissions. The policy typically covers third-party bodily injury and property damage, as well as legal costs and settlements arising from such claims. It does not generally cover the insured’s own property losses or injuries unless the policy specifically includes such cover.

In Finland, liability insurance is commonly included in various types of coverage and is also available as a standalone policy. It is often required for motor vehicles, where a third-party liability policy is mandatory to legally operate a vehicle. Liability insurance can also be purchased as part of broader packages, such as home or household insurance, or as professional liability insurance to protect against claims arising from professional services (for example in health, law, architecture, or consulting). It can apply to individuals, families, landlords, businesses, and pet owners, depending on the policy.

How it works in practice: the insured selects a coverage limit for each claim and an aggregate limit for the policy period. The insurer pays costs up to these limits for covered claims, subject to deductibles or excesses where applicable. Common exclusions include intentional acts, certain high-risk activities, and professional liabilities that may require separate, specialized coverage. Territorial scope and specific inclusions can vary by policy, so reading the terms is important for understanding what is covered and under what circumstances.