Entrepreneurship and business of all kinds are characterised by risk, including those in the insurance industry themselves. Damaging events can never be seen as a positive for a company, but taking the proper precautions can result in the damage being quickly mitigated, without negative impacts on your business’s finances or its interactions with other companies. Just as your insurance policies are there for your customers in times of crisis, our lawyers are here to guide your company through its legal disputes. However, with a productive legal partnership where leading advice is provided alongside industry-suitable company policies, parties can avoid such legal conflicts, and the company can run smoothly without costly court appearances.
At Schlun & Elseven Rechtsanwälte, our clients in the insurance industry benefit from the advice of our lawyers in the fields of corporate and employment law, our thorough analysis and drafting of contracts, and with counsel on issues of fraud, cyber-crime, data protection and much more. Should they find themselves amid a legal dispute, they know they can rely on in-court representation from experienced lawyers as well as expert negotiators should cases be solved in arbitration proceedings.
Challenges and Opportunities in the Insurance Industry
As globalization and digitization develop staying ahead of developments is vital for your company’s trading and services. Claims settlement are becoming more and more complex as cross-border damage claims are common practice in the business community. The increased size of the market and the ever-growing development and utilization of technology can present themselves as challenges, but, with the right precautions in place, these advances can be fantastic opportunities for your company. Awareness of innovative insurance products is one sure way of alleviating new threats that may arise from globalization and digitization.
In Germany, the insurance industry is complex, multifaceted and vast with over half a million people employed in the industry in Germany. Regardless of the size of your company, the right advice regarding business opportunities, policies and diversification at the appropriate time can be a game changer. In such a market, it is vital to build and maintain the trust of your customers, protecting your corporate image and intellectual property is one means of achieving this goal. When your company name is synonymous with success, your customers feel reassured.
Business Criminal Law
One of the most significant risks in the insurance industry is cyber-crime. New technological developments in the industry can leave companies open to such risks and challenges but receiving informed advice on reducing the risk of cyber-crime is crucial to combat them. Should your company require legal advice on fraud or cyber-crime attacks, our criminal law team will advise you as to the options available and prepare for any court action that may need to take place.
Our business criminal law team can support your company outside of court proceedings by providing training and advice on protocols and suitable mechanisms regarding the proper response to suspected fraud or cyber-crime. Prevention is the better cure compared to costly legal actions.
Should your company find itself in a legal dispute with other parties, our litigation lawyers will provide the expert legal assistance needed. Whether the dispute will be resolved by arbitration or in court, our team can represent you with distinction.
Contracts and Data Protection: Insurance Industry
In the insurance industry, the durability of contracts is critical to success. Working alongside Schlun & Elseven Rechtsanwälteensures that your company has access to expert contract lawyers who can thoroughly analyse and review the agreements and policies your company is seeking to enter. Additionally, our lawyers will oversee the drafting of your company’s contracts to ensure that they are fully legally compliant. Paying attention to the individual terms and conditions is vital to this process. Our lawyers design contracts tailored to your company’s needs, with a central role given to the unique characteristics and requirements of the insurance industry.
Another vital aspect to be vigilant about is data protection. For our clients in the insurance industry, our legal team offers ongoing support on suitable mechanisms for both customer and employee data protection. Avoid costly court cases and reputational damage by having the required security and processes.
Corporate Law and Business Immigration Concerns: Insurance Industry
Our team of experienced corporate lawyers are available for companies of all sizes in the insurance industry. We specialise in supporting companies bringing in top talent worldwide with a dedicated business immigration team available for that purpose. Additionally, we advise on all matters relating to expansions, from mergers and acquisitions advice to those looking to set up branches in Germany. When such developments are in process, it is vital for competition law aspects to be taken seriously; legal compliance ensures no unnecessary legal disputes further down the road. Should your insurance company require further optimisation, we advise on all matters relating to the organisation of businesses and their restructuring where necessary.
Here is a list of some of the services our team of corporate lawyers offer:
- Business immigration – bringing in top talent from around the world,
- Business structures and organisation,
- Competition law and how to avoid antitrust practices,
- Corporate restructuring.
- Compliance measures,
- Strategic partnerships for your company,
- The rights and responsibilities of managing directors.
Our aim with corporate clients is to create lasting partnerships. As a full-service law firm, your company can rely on Schlun & Elseven Rechtsanwälte not only for once-off legal cases and continuous, ongoing support across the board. Contact us today to find out more about what we have to offer.
Employment Law: Insurance Industry
The insurance industry consists of companies of all sizes, and the employment law challenges facing them will vary greatly. However, the need to have expert employment law support applies to all companies. Our certified specialists in employment law, Dr. Thomas Bichat and Mr. Jens Schmidt advise our corporate clients on measures they can take to reduce the likelihood of employment law disputes arising. Our legal team assists companies in designing anti-bullying and harassment measures, implementing mechanisms by which employees can report problems and overseeing of training of managers and supervisors to ensure that they are compliant with their legal expectations.
For our clients operating across borders and those looking to benefit from the German market, our team also supports companies with the legal requirements for posting employees to Germany. In this, we oversee the legal necessities relating to social security contributions and income tax and assist with all the necessary business immigration requirements. Similarly, we handle such matters for companies based in Germany looking to post their employees abroad.
Trademarks, Intellectual Property and Copyright
Your company’s intellectual property needs to have secure legal protection, regardless of whether your company is a traditional player in the industry or one seeking to establish itself. Logos, copyrights, trademarks and other forms of intellectual property are what consumers associate with your company, and strong identifiers help to build brand loyalty.
At Schlun & Elseven Rechtsanwälte, our intellectual property lawyers are available at your convenience for investigations into potential breaches of intellectual property law and to advise your company on what is permissible under the law. Should your company require representation in a dispute, you can rely on excellent support from our intellectual property law team.
Whistleblowing in the Insurance Industry
Ensuring that your company has secure, confidential, effective, and suitable internal mechanisms to deal with grievances is vital. Without such systems, those who uncover issues within a company can be forced to go public with their knowledge. Whistleblowing has proven to be a means by which corruption, illegal activity and poor standards within companies can be uncovered. However, such whistleblowing can also reputational damage resulting in lost customers and reduced profits.
Creating and maintaining industry-standard internal grievance procedures is important for companies of all sizes. At Schlun & Elseven Rechtsanwälte, our whistleblower lawyers will assist your company in this endeavour.
Potential whistleblowers should also consult with legal advice prior to making their knowledge public. Employees have certain responsibilities towards their employer, and acting without legal support can result in drawn-out and costly disputes. At Schlun & Elseven Rechtsanwälte, our lawyers advise companies and whistleblowers about their rights and responsibilities under German law.