LIABILITY INSURANCE

The D&O policy provides cover for the personal liability of Directors and Officers arising due to wrongful acts in their managerial capacity. Defence costs are also covered and are payable in advance of final judgment. This policy provides protection for claims brought against directors, officers and employees for actual or alleged breach of duty, neglect, misstatements or errors in their managerial capacity.

Errors & Omission Insurance can help businesses cover the cost of compensation claims and legal action should a client sue for negligence. If there is a mistake in any professional service provided by the client, indemnity cover will prevent the insured from suffering a financial loss when defending or settling the claim. For businesses and professionals providing advice or direct services to clients, there is always the risk that your work could be challenged. Professional indemnity insurance (also known as professional liability insurance) will protect against those risks; so if your client loses money or seeks the damage caused to their reputation as a result of your business activities, you'll be covered.

Legal liability for manufacturing, warehousing and construction industries towards damages to the third party with respect to
Accidental death
Bodily injury or disease
Loss or damage to property.
Legal costs and expenses incurred with the prior consent of the insurer and within the limit of indemnity.

Our Public Liability Non-Industrial Insurance Policy covers your legal liability for damages such as accidental death, bodily injury or damage to property, experienced by a third party. It also protects against any legal costs incurred in such events, with prior consent.

The Bhopal Gas tragedy raised questions about the social responsibility of corporates in India and the Central Government and of the need to provide for speedy relief to the unfortunate victims of disasters /tragedies due to handling of hazardous substances. To this end, the “Public Liability Insurance Act, 1991” was enacted. It casts an obligation on every owner before they commence to handle any hazardous substance, to obtain a Public liability insurance Act Policy. This cover is available to clients who are involved in the following Manufacturing, processing, treatment; Packaging; Storage; Transportation by vehicle; Use, collection, destruction, conversion, offering for sale; Transfer or the like of any substance or preparation which is defined as hazardous substance under the Environment (Protection) Act, 1986 (29 of 1986), and exceeding such quantity as may be specified, by notification, by the Central Government.

Cyber-insurance is an insurance product that protects businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded from traditional commercial general liability policies or at least are not specifically defined in traditional insurance products. Coverage provided by cyber-insurance policies may include first-party coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; liability coverage indemnifying companies for losses to others caused, for example, by errors and omissions, failure to safeguard data or defamation; and other benefits including regular security-audit, post-incident public relations and investigative expenses, and criminal reward funds.

Every entity is exposed to certain risks, a manufacturer/trader can fall victim to complicated and expensive lawsuits due to the possibility that their product could cause damage to a third party. This policy covers claims, which the insured becomes legally liable to pay to third parties as a result of bodily injury or property damage arising out of the use or consumption of products manufactured, sold and /or distributed by the Insured.

For better treatment and medication, clinical trials are an important procedure. However, this trial on human beings involves risk. To get protection from these risks, the organisations conducting the experiment can go for insurancein the form of clinical trial insurance. Clinical trial insurance is an important section of the liability insurance. This insurance plan offers protection against legal liabilities which result from clinical trials. Clinical trials refer to scientific tests and treatments experimented on people to understand the efficacy of a medicine or medication. Clinical trial insurance covers physical injury, loss of data or property which occurs during the trial.

Commercial general liability (CGL) is a form of comprehensive insurance that offers coverage in case of damage or injury caused by a business’ operations or products, or on its premises.
There are two types of CGL policies—a claims-made policy covers claims regardless of when the event took place, while an occurrence policy specifies that the event must take place during a set period.
Companies can add other companies or individuals they contract with to their commercial liability insurance policy as an “additional insured.”