Liability Insurance

Public Liability insurance is considered essential in businesses which involve regular interactions between the members of the public and the company such as retail businesses, restaurants, clinics and many more. The insurance indemnifies you against all sums which you become legally liable for damages and claimant’s costs and expenses in respect of Public Liability

• Bodily injuries including illnesses to any person
• Losses or damages to property
• Legal expenses incurred in your legal proceeding defense.

Comprehensive General Liability insurance (CGL) is commonly acquired by contractors who undertake contract of works or service in industries like oil and gas, telecommunication, power plants, engineering, IT etc. as part of the contract requirements. 

A contractor must produce a CGL policy to the principal before the commencement of works. The CGL insurance indemnifies you against your legal liability for property damages or bodily injuries to a third (3rd) party caused by an accident while carrying out the works. In addition, the policy will indemnify you to a defined limit for defense costs and expenses incurred in respect of a claim.

The Employer’s Liability insurance covers you as an employer for your legal liability under the Common Law to pay compensation, cost, and expenses to your employees in respect of accidental bodily injury or disease arising out of or during the course of employment. The insurance also covers related costs such as claimants’ legal fees and the costs of defense.

Being a company director or officer makes you vulnerable to allegations of wrongful acts while doing your job. No matter the size of your organization, this policy protects you from claims made against you by a host of third parties – from shareholders to customers. It lets you focus on running the company instead of worrying over protracted litigation.

Cyber liability insurance is a relatively new type of insurance that covers problems that may arise from the use of technology in business operations. These issues may involve cyber-attacks, hardware damage, damage to reputation, and other problems. Losses involving technology have become increasingly important to consider for businesses of all sizes. Having the right insurance to protect your business against loss can help you maintain your company’s financial stability. 

Professional liability insurance can help protect your business if you are accused making a professional mistake or negligence. A client or customer can file a lawsuit against you if they think you did something to cause a financial loss. If you have a professional liability insurance policy, you could get financial help to defend your business or fix the mistake. Professional liability is common coverage for professional services, such as accountants, consultants, and real estate professionals.

Contractors' all risks (CAR) insurance is a non-standard insurance policy that provides coverage for property damage and third-party injury claims. Those are the two primary types of risks on construction projects.