about

Liability Insurance

A standard insurance policy issued to business organizations to protect them against liability claims for bodily injury (BI) and property damage (PD) arising out of premises, operations, products, and completed operations; and advertising and personal injury (PI) liability.

Benefit

Directors and Officers Liability Insurance:

Being a director or an officer of a company is a high risk profession. If held personally liable for their own and fellow Directors' decisions, one could face serious financial loss through litigation from shareholders, creditors, competitors, suppliers, regulatory bodies, etc.

Some of the Inbuilt Coverages

  • Management Liability
  • Dedicated Additional Limit of Liability for Non-Executive Directors
  • Advance Payment of Defence Cost Spouse, Estates, Heirs and Legal Representatives Cover
  • New Subsidiary Cover (effective from the date of acquisition or creation).
Group Health

Who all are covered under the policy?

  • Director
  • Officer
  • Company Secretaries
  • Other Person Employed in an Executive Capacity

Commercial Crime Insurance Policy:

An insurance policy that companies purchase to ensure protection from losses resulting from business-related crime. Protection can cover merchandise, money or other property loss when a company is victimized by someone perpetrating embezzlement, forgery, robbery, securities theft or another form of business-related crime.

Some of the Inbuilt Coverages

  • Employee Theft Coverage
  • Premises Coverage
  • Transit Coverage
  • Depositors Forgery Coverage
  • Computer Fraud Coverage

Professional Indemnity/Errors and Omission Insurance Policy:

Errors and omissions insurance (E&O) is a type of professional liability insurance that protects companies and their workers or individuals against claims made by clients for inadequate work or negligent actions. Errors and omissions insurance often covers both court costs and any settlements up to the amount specified by the insurance contract.

Some of the Inbuilt Coverages

  • Infringement of intellectual property cover
  • Employee Fraud and Dishonesty
  • Loss of Data
  • Defamation (Libel and Slander Cover)
  • Breach of Confidentiality

Cyber Security Insurance:

Cyber insurance generally covers your business' liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers and health records.

Some of the Inbuilt Coverages

  • Cyber Extortion Cover
  • Forensic Services
  • Business Interruption Cover
  • Data Restoration Cost
  • Privacy Notification Expenses

Credit Insurance:

Credit Insurance protects the companies against customer defaults. It covers the sales of the companies to its buyers on credit against the risk of loss due to the insolvency of their customers.

Some of the Inbuilt Coverages

  • Protracted Default or Delayed Payment by the debtors.
  • Insolvency

Commercial General Liability

A standard insurance policy issued to business organizations to protect them against liability claims for bodily injury (BI) and property damage (PD) arising out of premises, operations, products, and completed operations; and advertising and personal injury (PI) liability.

Group Health

Product Liability Insurance

Protection against financial loss arising out of the legal liability incurred by an insured because of injury or damage resulting from the use of a covered product or out of the liability incurred by a contractor after a job is completed (completed operations cover).

Group Health

Workmen's Compensation/Employers Liability Insurance

Workers' compensation is a publicly-sponsored system that pays monetary benefits to workers who become injured or disabled in the course of their employment

Product Recall Expenses

Insurance that covers expenses associated with recalling a product from the market. Product recall insurance is typically purchased by manufacturers such as food and beverage, toy and electronics companies to cover costs such as customer notification, shipping costs and disposal costs. Coverage generally applies to the firm itself, though additional coverage can be purchased to cover the costs of third parties. casualty

The policy covers legal Liability of an employer under:

  • Workmen's Compensation Act, 1923, and Subsequent amendments of the said Act prior to the date of issue of the policy.
  • Indian Fatal Accidents Act, 1855, and Subsequent amendments of the said Act prior to the date of issue of the policy
  • Common Law

Contact Us

  • Emedlife Insurance Broking Services Limited 505&506, 5th Floor Elegance Tower DDA District Centre Jasola New Delhi-110025
  • +91-11-45185500
  • +91-11-46517276
  • info@emedlife.co.in

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