Liability Insurance
Types of Liability Insurance
- Professional Indemnity Insurance
- Directors & Officers Insurance
- Commercial General Liability Insurance
- Product Liability Insurance
- Public Liability Insurance
Liability Coverage
- Legal costs
- Judgment and settlement costs
- PR costs
- Expenses for claims for bodily injury
- Expenses for claims for property damage
- Repair and replacement of property
Business Liable To
- Vendors
- Investors
- Business subsidiaries / supply chain partners
- General public / any third party
- Customers
1ļøā£ Third-Party Bodily Injury
Covers expenses if a visitor or customer is injured on your business premises.
2ļøā£ Third-Party Property Damage
Provides protection if your business causes damage to someone elseās property.
3ļøā£ Legal Costs & Settlements
Takes care of court cases, lawyer fees, and settlement charges related to claims.
4ļøā£ Product Liability
Protects you if your product causes injury or property damage.
5ļøā£ Advertising Injury
Covers claims such as copyright infringement, defamation, or false advertising.
6ļøā£ Comprehensive Protection
Ensures your business is financially protected against major third-party risks.
š¹ Exclusions (Not Covered)
- Deliberate or intentional damage
- Employee injury (covered under Workmen Compensation Insurance)
- Professional negligence (covered under Professional Indemnity Insurance)
- Contractual liabilities
š¹ What is Company Liability Insurance?
- This insurance protects a company from financial losses due to injuries, damages, or property damage caused to third parties.
- It is essential for any business to prevent unexpected legal claims and compensation burdens.
š¹ Who Needs It?
- Small businesses (shops, offices, startups)
- Manufacturers & traders
- Service providers (consultancy, IT firms, agencies)
- Construction companies
- Hospitals
- Hotels & Restaurants
š¹ Benefits for Companies
- Financial protection against unexpected claims
- Ensures legal compliance in regulated industries
- Enhances brand trust and credibility
- Provides peace of mind to owners & stakeholders
- Safeguards company assets and resources
- Improves long-term business sustainability