Liability

We offer a wide range of products that protect you against third-party liabilities risks imposed by lawsuits and designed to provide you with best coverages.

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Liability

Liability insurance is insurance that provides protection against claims resulting from injuries and damage to people and/or property.Liability insurance policies cover both legal costs and any legal payouts for which the insured would be responsible if found legally liable. Intentional damage and contractual liabilities are typically not covered in these types of policies.Liability insurance is critical for those who may be held legally liable for the injuries of others, especially medical practitioners and business owners. A product manufacturer may purchase product liability insurance to cover them if a product is faulty and causes damage to the purchasers or any other third party. Business owners may purchase liability insurance that covers them if an employee is injured during business operations.

This policy covers the following while arising out of your normal business operation:

  • Death of or bodily injury to any person other than the person in the service of or acting in any capacity either for the insured or for any sub-contractor to the insured.
  • Damage to property other than property belonging to or held in trust by or in the control of the insured or on his employees of sub-contractors where such damage is not recoverable under any other policy.
  • All costs and expenses incurred in connection with the defense of any claim made against the insured is payable.

The limits of indemnity may be given by the proposer as given below:

  • Any one claim
  • Any one event
  • Any one period of Insurance

Keeping employees safe at work is a top priority for any business. However, it is not always possible and sometimes accidents occur. But while it is not always easy to protect your staff against accident and injury, it is possible to ensure that they are covered against loss of earnings and expensive medical bills should such an incident occur. That’s exactly what workmen’s compensation insurance does.Workmen’s compensation insurance – also known as a workmen compensation policy – covers medical costs and usually a percentage of the wages lost should an employee be unfit to work due to an illness or injury caused by or sustained while doing their job. The types of illness and injury covered by such an insurance policy include:

This policy pays the compensation as per labour laws of the jurisdiction agreed under the policy.

Professional Indemnity insurance is designed for professionals who provide advice or an intellectual service to their customers. It protects you against legal costs and claims for damages to third parties which may arise out of an act, omission or breach of professional duty in the course of your business.If a mistake or omission occurs in the course of your work that results in financial loss or injury to a third party (e.g. a customer)—that customer may take legal action against you to recover their losses. Professional Indemnity insurance seeks to protect both your assets and your reputation, should this occur.Professionals like architects, engineers, doctors, lawyers, chartered accountants, and medical practitioners, and services such as medical establishments need to protect their business interests against legal claims for error, omissions, professional neglect.

Covers loss of money carried by insured or insureds authorized employee in the event of:

  • Robbery
  • Theft, waylaying, or snatching away
  • Any other fortuitous event

Money in transit implies money in direct transit from the insureds premises to the bank and vice versa or between various premises of insured. Money in the personal custody or with authorized employee can also be included.

 Loss of money in safe:

Covers loss of money in safe due to:

  • Burglary
  • Housebreaking
  • Robbery or hold-up

Money in safe implies money secured in a locked safe or locked strong room on your premises outside business hours and includes money kept in drawers during business hours.

Money Insurance Policy does not cover:

  • Shortage due to error or omission
  • Unexplained losses and mysterious disappearance
  • War and nuclear group of perils
  • Money entrusted to any person other than the authorized employee
  • Money entrusted to a carrier
  • Legal liability, consequential loss, and theft from an unsecured vehicle
  • Loss due to any act in which the insured is involved as principal or accessory

Fidelity Guarantee insurance is an insurance policy designed to indemnify the Insured (the employer) for the loss of money or property sustained as a direct result of acts of fraud, theft or dishonesty by an employee in the course of employment.Companies are exposed to significant financial losses annually, due to crime committed by employees and it is reported that Fraud is on the increase. Combined with the growth in the use of electronic data and asset transfers, the fidelity losses faced by employers are increasing substantially.Fidelity guarantee insurance is most often sought by companies where employees are more likely to cause financial loss because of their constant exposure to cash, stocks or other assets. The potential losses that could arise from infidelity, especially with the increase in computer crime, make it pertinent that those employers at risk use fidelity guarantee insurance as a risk management tool.

The cover provided under this policy includes reimbursement for loss resulting from:

  • dishonesty,
  • fraud,
  • loss of property due to dishonesty of employee
  • loss from loans or trading due to dishonesty of employee

committed by an employee for improper personal financial gain. Moreover, defence costs, judgments and settlements are also accommodated by the terms of this insurance contract.

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