| Liability
insurance
There
are several types of liability insurance to cover specific situations for which
an insured might be hold liable.
General Third Party Liability
Insurance - covers the expenses of the insured for material damage or bodily
injuries caused to third parties at the insured premises. Product Liability
Insurance - covers the amount for which the insured is hold liable in case
of losses or injuries caused to third parties by the product by not fulfilling
with the quality and safety standards. Professional liability insurance
- for architects, constructors, medical practitioners, accountants, auditors,
and other services providers, for damages or injuries caused by the services provided.
Employers Liability Insurance - it covers the compensations claimed by
the employees for the damages or injuries suffered at work for which the Employer
is hold liable. back
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