Insurance that guarantees legal liability for losses suffered by third parties in the form of material loss of property or bodily injury caused an event or incident related to the business activities or activities of the Insured.
Comprehensive General Liability Insurance covers the insured against the third party's claim that the insured is guilty in law. Losses suffered by third parties include:
- Body injury, illness or death
- Damage or destruction of property
- Costs incurred due to court proceedings
Product Liability Insurance provides coverage for the Insured due to bodily injury or property damage due to defects in the products produced, distributed or sold by the Insured.
- Replacement of financial losses to third parties for loss of property and bodily injury.
- Legal costs incurred in connection with the claim incident
Professional Liability Insurance offers protection tailored for professional needs of various industries to help protect professionals from legal action by clients or other third parties.
Some of the occupations that are exposed to potential professional liability claims in today business environment include architecs, engineers and lawyers. Third parties can sue professional due to the financial losses incurred as a consequence of the wrongful acts of a company executive or a professional service provider.
To protect their reputation and assets in the event of such legal action, many senior executives and professionals purchase insurance coverage against the potential burden of complex litigation, which can result in significant legal cost.
Automobile liability insurance is financial protection for a driver who, while operating a vehicle, harms someone else or their property.
Automobile liability insurance only covers injuries or damages to third parties and their property, not to the driver or the driver’s property. The only two components of automobile liability insurance are bodily injury liability and property damage liability. Automobile liability insurance does not have a deductible.
Contractors Plant and Machinery Insurance provides coverage for plants and machineries used by contractors at construction sites. This insurance provides protection against losses or damages from any causes not specifically excluded in a manner necessitating repair or replacement. The sum insured should equal to the cost of replacement of the same kind and capacity via the cost of replacement including freight, dues and customs duties plus cost of erection.
Your premium depending on:
- The type of cover selected
- Any additional cover selected
- The sum insured
- Insurance requirements