Liability insurance is a part of the general insurance system of risk financing to protect the insured from the risks of liabilities imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy.
• Employer’s Liability - This insurance indemnifies you against legal liability at law to pay compensation and claimant’s costs and expenses in respect of harm sustained by you.
• Professional Indemnity - This insurance provides indemnity to professionals (e.g. engineers, lawyers, surveyors, etc.) for any claim made against them for breach of profession.
• Product Liability - The policy indemnifies you against all sum which you are legally liable to pay as damages or compensation in respect of bodily injury and property damages.
• Public Liability - This policy indemnifies you against you legal liability to third parties in connection with your business, such as bodily injury and property damage.