Liability Insurance

Home Business Insurance Liability Insurance

Businesses are exposed to legal liability claims arising from their business activities. There are a variety of liability insurance policies to cover different types of business activities.

  • General Third Party Liability Insurance
  • Professional Indemnity Insurance

General Third Party Liability Insurance

This policy indemnifies the insured for any sums which the insured is legal liable to pay as damages resulting from

  1. accidental death or bodily injury to or illness of third parties
  2. accidental loss of or damage to property belonging to third parties

The policy can be issued for a specific project or an annual basis. 

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Professional Indemnity Insurance

This policy is designed for businesses who provide advice or professional services and design services. This policy is usually purchased by contractors, consultants, engineers, and accountants and be issued for a specific project or an annual basis. 

Professional Indemnity Insurance indemnifies the insured for any claim and defense costs that arise from the conduct of professional business arising from:

  1. A breach of professional duty
  2. Negligent misstatement or misrepresentation
  3. Unintentional libel, slander or defamation
  4. Unintentional breach of or misuse of confidentiality or any right to privacy
  5. Unintentional infringement of intellectual property rights (but not breach of patent)
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