Overview:
It provides essential protection for your business against claims of negligence, injury, or damage caused to others. With this coverage in place, you’re shielded from financial setbacks arising out of legal claims or lawsuits. Secure your business today with the peace of mind that liability insurance brings.
● Directors and Officers Liability Insurance- Directors and Officers (D&O) liability insurance protects corporate individuals serving as directors or officers of a company from financial losses if they are sued for alleged wrongful acts in their capacity as company leaders, covering legal expenses and settlements.
● Commercial General Liability Insurance- Commercial General Liability (CGL) insurance is a crucial type of business insurance that protects companies against financial losses stemming from third-party claims of bodily injury or property damage arising from business operations, products, or premises.
● Employee compensation insurance - Employee compensation liability insurance, also known as workmen's compensation insurance, is a commercial insurance policy that protects employers against legal liabilities arising from employee (defined in the Employees Act 1923 and subsequent amendments) injuries or illnesses occurring during employment. It covers medical expenses, lost wages, and other related costs, ensuring financial support for injured employees and shielding employers from potential lawsuits.
Important factors to consider while purchasing Liability Insurance:
- Set adequate limits based on business size, industry risk, and potential exposure.
- Ensure global coverage if your business operates internationally.
- Confirm if legal fees are covered in addition to or within the policy limits.
Tailor the policy to include risks unique to your industry (e.g. data breaches for IT firms, product recalls for manufacturers).