Liability insurance
This is insurance to cover the legal liability to pay compensation and costs awarded against the policyholder in favour of another party, in respect of death, injury, disease, loss or damage sustained by that party. Examples are as follows:
Liability Insurance Services
Public liability
Insurance to compensate the policyholder in respect of claims from third parties (i.e. members of the public or companies) for accidental bodily injury or damage to their property due to the policyholder’s negligence or that of their employees.
Products liability
Insurance to compensate the policyholder in respect of claims from third parties (i.e. members of the public or companies) for accidental bodily injury or damage to their property due to the policyholder’s negligence or that of their employees.
Professional indemnity
Protects a person acting in their professional capacity against claims that might be made alleging that injury or loss has resulted from their negligent actions or advice.
Directors' and officers' liability
Covers personal legal liability incurred by individual directors and officers for financial loss resulting from their negligence or failure to fulfil statutory responsibilities.
Workmen Compensation
Insurance to compensate the policyholder in respect of their legal liability to pay damages to any employee arising out of bodily injury, disease, illness or death received in the course of employment by the policyholder.