”Joka ottaa vakuuttaakseen, ottaa vastatakseen” - Vakuutus vastuunrajoituskeinona yritysten välisissä sopimuksissa

In industries such as construction, maintenance and warehousing, business contracts typically include provisions concerning contracting partners’ insurance coverage. For example, under 38 § of the Finnish general conditions for building contracts (YSE 1998), it is stated that unless otherwise agreed, the main contractor is obligated to acquire a construction all risk policy to cover the actual construction site and all the subcontracts related to the main contract. If there is a breach of contractual obligations resulting to a property damage, it can be argued that the contract’s insurance provisions act as a limit of liability resulting in a situation where the party guilty of breach of contract is not legally liable for the damages covered by the policy. The findings of this article indicate that insurance provisions in business contracts can either limit or extend the parties’ legal liabilities for damages caused by breaches of contractual obligations