General Liability Insurance
Liability insurance protects the insured business from claims arising from bodily injuries and/or material damages caused to third parties, either through the operation of its premises or the conduct of its activities.
These injuries or damages may result from acts or omissions of the insured business.
A liability insurance policy may include:
- Defence costs, including attorney fees for out-of-court settlement of the case
- Bodily injuries (the immediate expenses for restoring the health of the injured)
- Consequential damages for bodily injuries(e.g., lost wages of an employee due to absence from work)
- Moral damage or emotional distress, resulting from bodily injuries
- Material damages (physical damage to property, repair or replacement costs)
- Consequential damages resulting from material damages (loss of use of the damaged property).
Who needs General Liability Insurance?
This insurance solution is suitable for a wide range of professionals and businesses, as it provides protection against financial losses that may arise from lawsuits or third-party claims for damages.
Some indicative categories of professionals for whom liability insurance is essential include doctors and healthcare professionals, legal and financial advisors, as well as service providers and businesses involved in the production and distribution of products.
General Liability insurance offers these professionals the necessary protection against claims that may arise from their mistakes or omissions in providing their services or products. This allows them to continue their professional activities with peace of mind.
What determines the cost of general liability insurance?
The policy’s cost depends on several factors. The type of activity, the business’s turnover, and the requested limits of liability are major factors.
In any case, we ensure your business is covered with a policy that meets your needs at an affordable cost.