Insurance intermediaries, such as insurance brokers and independent insurance agents, as well as insurance consultants, are legally required to have professional or asset damage liability insurance in order to obtain permission to carry out their activities. Since 2013, a new requirement has been introduced whereby an insurance intermediary who also sells certain financial investments must have professional liability insurance for this activity as a financial investment intermediary. This book includes fundamental information about who needs professional liability insurance and what insurance coverage is legally mandated. Additionally, it comprehensively addresses the criteria important for a needs analysis to achieve optimal insurance coverage. Numerous explanations and examples of claims illustrate how crucial optimal insurance protection is.