Protect Business owners from Lawsuits, Bodily Injury.

The term liability insurance refers to an insurance product that provides an insured party with protection against claims resulting from injuries and damage to other people or property. Liability insurance policies cover any legal costs and payouts an insured party is responsible for if they are found legally liable. Intentional damage and contractual liabilities are generally not covered in liability insurance policies. Unlike other types of insurance, liability insurance policies pay third parties—not policyholders.

Liability insurance provides protection against claims resulting from injuries and damage to people and/or property.It also covers legal costs and payouts for which the insured party would be found liable.

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Features of Liability Insurance :

  • Any product can be insured under product liability insurance
  • Liability insurance covers any legal liabilities to third party arising out of injury or harm due to a product sold by a business.
  • This policy can be availed by product manufacturers, distributors, retailers and wholesalers.
  • You can get cover for liability arising out of sales and distribution of the insured product by named or unnamed vendors.

Benefits of Liability Insurance

You can protect your business from unforeseen events by purchasing liability insurance policy that comes with the following benefits-

  • Bodily Injury.
  • Property Damage.
  • Personal Injury.
  • Liability arising out of advertising rights.