Office Address
Ist Floor, 38 N, Shree Balaji Tower Hisar
Phone Number
+91 98965-80000
Email Address
Ist Floor, 38 N, Shree Balaji Tower Hisar
+91 98965-80000
The beneficiaries are the third parties and total sympathy is shown towards them. The liability insurance is constantly evolving and a lot of changes and variants are found in the international market. All liability policies revolve around the basic policies and offer different packages and combinations. Thereby every policy almost is tailor-made to suit the requirements, maintaining the basic principles.
It offers a combined policy covering the public as product liability along with some additional covers such as personal and advertising injury liability. The policy provides for the legal liability towards damages to the third party for accidental death / bodily injury/disease and loss or damage to the third party's property. The legal costs are also included in the indemnity limits. CGL comes to the rescue to protect from legal & financial trouble.
Protection against financial loss from third-party bodily injury or property damage.
Covers litigation costs in case a lawsuit is filed.
Protects against infringement of patents & copyrights.
The goodwill of the business is kept intact.
Extension of medical expenses cover, pollution cover, food & beverage cover, Act of God peril risk.
This insurance covers legal liability arising out of defective products manufactured and having left the premises. This liability is restricted to any bodily injury/death on account of accidental injury from the use of such product by a third party. Any accidental loss or damage to the property of a third person is also covered.
All costs, fees & expenses incurred in investigation, defense, and settlement of a claim made against the insured, cost of representation at any inquiry, or other proceedings in respect of matters having direct relevance to the claim made against the insured are covered by the policy.
The policy provides indemnity against the insured’s legal liability for actual physical loss or damage of goods carried caused directly by fire, explosion, and /or accident to the carrying vehicle on account of the negligence of the insured /his servant subject to the vehicle being damaged at the same time due to above causes and claim thereof is admitted under motor policy.
The following risks may also be covered
cargo salvage, transshipment, and emergency storage costs.
Financial loss due to lost freight in respect of the damaged part of the cargo
Legal & other costs incurred in the litigation against the claimant
Breakage due to improper handling
Cost of average adjusters
Flood or water damage or damage by other cargo
In the context of a rapidly changing business environment, there is increasing trend toward consumerism and accountability. Being a Director or Officer of a company brings with it not only the stresses and strains of making the business decisions, it also exposes the individual to enormous potential personal liability. Recent developments in company law, Employment laws, investor protection legislation, all mean more onus on the director to adhere rigorously to Duty of care, Due Diligence, etc.
Director& Officers liability insurance covers the liability of the members of the board of Directors which may arise due to wrongful acts in their managerial capacity. This provides coverage to past, present & future directors, officers & employees of the organization against alleged breach of duty, neglect, misstatements or errors in their official capabilities.
Defense cost
Breach of duty or discrimination charges
Exposure due to mergers & acquisitions
Litigation due to bankruptcy
Breach of conduct etc.
Any professional acting in a professional capacity is bound to exercise due care & skill required by a competent practitioner in that profession. His failure to exercise due care may give cause for action against him by his client such duty to the client applies to any profession be that of a doctor, a solicitor, or an accountant.
This insurance covers all sums which the insured becomes legally liable to pay as damages to a third party for any error and omissions committed by the insured whilst rendering professional services during the policy period. This also includes legal costs/expenses incurred.
The Public liability insurance indemnifies claims arising out of an accident occurring in the insured premises. It covers the legal liability of industrial & non industrial establishments arising out of such events. The policy covers business against the Legal liability of the insured towards damage to the third party in respect of accidental death, bodily injury, or loss of or damage to property and also covers legal costs and expenses incurred by the insured with prior consent of Insurers.
Commercial establishments face a wide range of first and third-party liabilities arising out of cyber exposure. Companies with access to private and confidential information about their clients have a responsibility to keep it safe and secure. With cyber risk steadily increasing, security/data breaches affect millions of records frequently. Cyber risk insurance coverage is designed to help a business mitigate such losses by offsetting costs involved with recovery after a cyber related security breach.
Data breach coverage
Business interruption loss reimbursement
Cyber extortion defense
Forensic support
Legal support
The Workmen compensation insurance policy covers the legal liability of the employer under the Workmen Compensation Act 1923 and Fatal Accident Act 1855. Despite the preventive measures and safety precautions taken, accidents at the workplace are inevitable. This policy enables the employer to pay the compensation to the employees or their families in case of death or bodily injury caused by to accident at work workplace arising out of & in the course of employment. This policy provides coverage for medical expenses also. Occupational illness and disease can also be covered.