LIABILITY INSURANCE

LIABILITY INSURANCE

Liability insurance is a type of coverage that protects individuals and businesses from the risk of being sued and held legally liable for something such as malpractice, injury, or negligence. This insurance helps cover legal costs and any payouts for which the insured would be responsible if found legally liable. It does not cover intentional or criminal acts.

FIDELITY GUARANTEE INSURANCE

Fidelity Guarantee insurance covers the loss sustained by the employer by reason of any act of forgery, embezzlement, larceny or fraud dishonesty of monies or goods of the employer on the part of the employee insured committed on or after the date of commencement of the policy during uninterrupted service to the employer.

Benefits

Provides cover for loss of money due to such actions by your employees and allows you to continue delegating powers to achieve your business expansion
The policy will compensate you if the loss is discovered even up to 18 months after the employee in question dies or leaves your company
Agreed reasonable legal expenses to prosecute the offender will also be covered.

Features

The policy pays for the financial loss arising out of dishonesty/fraudulent act of the employee
The maximum loss payable is limited to the specified limit for that employee
Internal control measures must be in place to prevent such losses.
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PROFESSIONAL INDEMNITY INSURANCE

Professional Indemnity Insurance shields professionals from legal liabilities, covering damages resulting from negligence in their business conduct or that of their employees, thus safeguarding against financial losses incurred by affected parties.

FEATURES

This policy operates on a “Claims Made” basis, meaning it covers claims reported to the insured during the policy term, regardless of when the incident leading to the claim happened.

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