Liability Insurance

Liability Insurance

Is a type of insurance product that guarantees or protects the insured against third party lawsuits that may arise during the insured’s business activities or the use of a product or assets belonging to the insured, caused by unintentional mistakes or negligence by the insured or the person working for the insured.

The losses suffered by third parties include:

  • Bodily injury, illness or death.
  • Damage or destruction to third party property.
  • Costs incurred due to litigation

Liability Insurance can be in the form of:

  • Comprehensive General Liability
  • Third Party Liability Insurance
  • Product Liability Insurance
  • And others