Household public liability (third-party) insurance policies are essential instruments for protecting family wealth against unforeseen events. In this guide, we address the most common questions about insurance cover relating to damage caused by minor children and pets, whilst also clarifying the relevant legal implications.
What is household liability insurance and what does it cover?
Household liability insurance is a policy that protects against accidental damage caused to third parties by any member of the household, including domestic staff and pets. It does not, however, cover intentional damage.
What are the most common events covered by a household liability policy?
Events such as the accidental falling of objects, damage to third parties caused by minors or pets, and other unforeseen incidents may be covered by the policy, thereby preventing serious financial repercussions.
What is the average cost of a household liability policy and what level of cover does it provide?
The average annual cost of a household liability policy is approximately €100, with cover that may reach one million euros or more, depending on the contractual terms and conditions.
Are parents liable for damage caused by their minor children?
Yes, parents are liable for damage caused by minor children in their care. The law requires them to exercise adequate supervision in order to prevent harmful behaviour.
What happens if a child under the age of 14 causes damage?
From a criminal law perspective, a child under the age of 14 cannot be held criminally liable; however, parents may be held responsible for failure to supervise or exercise adequate control, with potential civil and criminal consequences.
Are there criminal sanctions for parents in the event of a failure to supervise?
Yes, serious failures in the care of a minor may constitute offences such as abandonment of a minor, which is punishable by custodial sentences of up to five years.
Why is it important to have household liability insurance?
These policies represent fundamental protection against financial losses arising from accidental events. Adequate cover can mitigate the consequences of unforeseen and potentially devastating situations.
Engaging an independent financial adviser can help identify the policy best suited to one’s own circumstances, ensuring security and peace of mind for the whole family.