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
1️⃣ Third-Party Bodily Injury
Covers expenses if a visitor or customer is injured on your business premises.
2️⃣ Third-Party Property Damage
Provides protection if your business causes damage to someone else’s property.
3️⃣ Legal Costs & Settlements
Takes care of court cases, lawyer fees, and settlement charges related to claims.
4️⃣ Product Liability
Protects you if your product causes injury or property damage.
5️⃣ Advertising Injury
Covers claims such as copyright infringement, defamation, or false advertising.
6️⃣ Comprehensive Protection
Ensures your business is financially protected against major third-party risks.
🔹 Exclusions (Not Covered)
- Deliberate or intentional damage
- Employee injury (covered under Workmen Compensation Insurance)
- Professional negligence (covered under Professional Indemnity Insurance)
- Contractual liabilities
🔹 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.
🔹 Who Needs It?
- Small businesses (shops, offices, startups)
- Manufacturers & traders
- Service providers (consultancy, IT firms, agencies)
- Construction companies
- Hospitals
- Hotels & Restaurants
🔹 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