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What Is Proof of Insurance in Tenders (Versicherungsnachweis, Germany)?
This is a German procurement term. The document evidencing existing insurance, required as proof of suitability.
When is a Versicherungsnachweis required?
When the tender documents require professional or public liability insurance at a stated level as a suitability criterion, common in planning, services and works.
What must it show?
The type of cover, the sums insured per claim and per year, and that the policy is current. A broker's confirmation is usually accepted.
Can the insurance be taken out later?
Often a declaration that the required cover will be in place by contract signature is accepted. Check the tender documents.
