In Portugal, civil liability insurance for companies is not generally mandatory by law for all companies, with specific exceptions provided for in legislation or sector regulations.
Although there is no general obligation, some specific activities are subject to mandatory liability insurance as stipulated in legal or regulatory standards.
Examples:
Directors’ liability insurance (article 396 of the Commercial Companies Code)
For commercial companies, the Commercial Companies Code requires that the liability of directors be secured (guaranteed), and this guarantee can be provided by individual civil liability insurance.
Professional activities regulated by ordinances or statutes.
Certain professions (such as certified public accountants) are required to take out professional liability insurance with minimum conditions defined in their own regulations (e.g., Ordinance 132/2024/1).
Specific activities requiring legal insurance.
There are sectors where the law mandates civil liability insurance, such as:
Activities related to real estate brokerage, tourism, local accommodation, travel agencies, etc., with requirements stipulated in sector regulations.
Other regulated activities, where specific legislation mandates insurance (although not all regulatory ordinances are published or in effect).
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