Liabilities Insurance
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.
- Public Liability
- Product Liability
- Professional Indemnity
- Directors and Officers
Description
Public Liability – Protect from the financial implications of claims made by a third party, for example, club members, a member of the public or someone who is lead or taught where your activities cause them injury or damage to their property.
Product Liability – Cover the insured against his legal liability for death or injury or damage to property caused by defect in the goods supplied or sold by the insured.
Professional indemnity – Protect a professional in respect of liability arising out of professional negligence committed by him, or his predecessors, or his employee.
Directors & Officers – Liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense cost in the event and insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.