Professional indemnity liability insurance provides coverage for professionals and businesses to protect against claims of negligence from clients or customers.
Professional liability insurance typically covers negligence, copyright infringement, personal injury, and more.
Claims covered by a professional liability policy can include damages caused by the professional’s actions or things that the professional should have done.
Director and Officer Liability
Directors and Officers Liability (D&O) Insurance comes as the protection of personal liabilities for its board members and management staff.
As Directors or Officers, you are directly and personally liable for any decision you take for the company. Knowing that there is a large number of third parties that may sue you for your work decision. From your shareholders to your employees, passing by government, clients and more…
D&O insurance is the key to protect company management and let them focus on their job more without fears for their personal liability.
Product liability insurance covers claims is linked to product defects. If your company manufactures or sells a product that has a defect and causes injury or property damage, your business could be held liable. If your product causes damage, illness, or hurt someone, they’ll likely seek compensation through the court.
The main purpose of Product Liability insurance is to cover legal costs and damages for the business due to the claims. Therefore, any company that manufactures, supplies or sells products to the public should have product liability.
Public Liability insurance protects you if a third party (a member of the public) sues your business, alleging that your negligence caused them some type of bodily injury, death or property damage. The most common accident resulting in this type of claim is a ‘slip and fall’.
When you are subject to legal action, you will notify your insurance company. The insurer covers any costs associated with the lawsuit.
Public liability will cover all legal costs and also pay for third parties recovery. It allows the business to run normally and avoid any major public problems, protecting the owner finically and the brand itself.