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Freistellung

English translation: indemnification

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12:28 Nov 17, 2006
German to English translations [PRO]
Bus/Financial - Insurance
German term or phrase: Freistellung
From an insurance policy:

Die Freistellung der Firma XXX gilt als mitversichert.

I have checked the Kudoz glossasries and have found several entries for 'Freistellung' - I am still not sure though exactly what 'Freistellung' means in this context.

This section of the insurance policy talks about different insurance components (Grundbaustein Haftpflicht, Baustein Strafrechtschutz etc.). The preceding sentence reads as follows: Im Baustein Strafrechtschutz gilt weltweite Geltung vereinbart. Unser Angebot gilt unter der Vorraussetzung, dass die Schadenaufwendungen der letzen 10 Jahre EUR XXX nicht uebersteigen.

TIA
Julia Lipeles
Local time: 05:34
English translation:indemnification
Explanation:
It sounds as though the insured person/company has entered into some sort of contract that makes them liable to indemnify company XXX for any claims made against it - the insurance policy is saying that it (the insurance) covers this indemnification.
Selected response from:

Armorel Young
Local time: 10:34
Grading comment
Thank you Amorel!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +4indemnification
Armorel Young


  

Answers


6 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +4
indemnification


Explanation:
It sounds as though the insured person/company has entered into some sort of contract that makes them liable to indemnify company XXX for any claims made against it - the insurance policy is saying that it (the insurance) covers this indemnification.

Armorel Young
Local time: 10:34
Native speaker of: English
PRO pts in category: 51
Grading comment
Thank you Amorel!

Peer comments on this answer (and responses from the answerer)
agree  DC Josephs
48 mins

agree  Teresa Reinhardt
1 hr

agree  Thomas Bollmann
2 hrs

agree  DDM
2 hrs
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