Liability
A comprehensive general liability insurance policy is intended to cover all responsibilities on the policyholder’s behalf. The insurer is obligated to cover the losses arising from physical injuries/accidental death or third-party illness caused by:
- Accidents that occur on the insured premises or on any other premises where your business operations are carried out
- Liabilities deriving from manufactured goods
Who should purchase this policy?
This policy is suitable for anyone who falls under any of the given categories –
- If your firm requires face-to-face engagement with customers,
- If your company makes use of third-party websites,
- You have access to the client’s assets and equipment
- If you represent your client’s business in any way,
Benefits/ Coverages of the Policy
- Bodily Injury & Property Damage
Bodily injury and property damage coverage protects against losses resulting from insureds’ legal liability for bodily injury or property damage to others originating from non-professional negligent conduct or liability deriving from their premises or business activities. Even in the absence of tangible bodily injury, mental ailments and emotional discomfort can be considered bodily injuries.
- Personal & Advertising Injury
Personal and advertising injury liability protects an insured against liability arising out of certain offenses, such as:
- Libel
- Slander
- False arrest
- Infringing on another’s copyright
- Malicious prosecution
- Use of another’s advertising idea
- Wrongful eviction, entry, or invasion of privacy
- Fire Damage Cover: Any damage or third party loss that has occurred due to fire during the business operation hours
- Medical Expenses Cover: It offers medical compensation in case of accidental injurie
Exclusions of the Policy
The policy shall not accept claims arising due for the following reasons:
- Intentional Injuries or Deliberate attempts
- Property damage
- Contractual obligations
- Product flaws
- Work-related injuries
- Pollution
- Professional liabilities
- War-related claims
The limitations will vary from one insurance provider to another.