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Public Liability Insurance
What is it for
Public Liability Insurance protects the policyholder against third-party claims in connections with its business activities. The main purpose of Public Liability Insurance is compensation for damages to the third parties.
Besides:
The requirement for Public Liability Insurance sometimes is driven by legal requirements, by-laws or a contractual terms with counterparty company.
Insured risks
- Third Parties’ bodily injury, including moral damage
- Third Parties’ property damage
- Compensation in excess of damage in cases provided for by the civil legislation
- Defense costs and expenses incurred in connection with claim settlement
Who can insure
Almost all businesses are exposed to the risk of liability claims, however the key sectors we cover include:
- Construction
- Energy and utilities
- Communications
- Manufacturing, such as food and beverage, chemicals, minerals, metals, electronics, and machinery
- Multinational risks of all shapes and sizes
- Transportation
- Wholesale trade
What can be insured
Liability for third party claims for property damage and bodily injury and defense costs in connection herewith.
Best of GARDIA:
Efficiency
in resolving issues
in resolving issues
Constant
feedback
feedback
Individual
approach
approach
Prompt
response
response
Benefits of Public Liability Insurance from GARDIA:
- Financial stability
- Flexible and individual approach to each client
FAQ
What are the exclusions from the coverage?
- Exclusion of activities that can be insured under special insurance contracts, for example, professional liability and motor liability could be covered and dedicated insurance policies.
- Exclusion of risks that are either uninsurable by nature (contractual liability insurance) or that are difficult to underwrite and price on the part of the insurer: risks with unexpected potential such as emerging risk, terrorism risks, risks of war and civil unrest.
What are the features of Public Liability Insurance contract?
- Automatic coverage of policyholder’s expenses for legal defense in court.
- Claims for damage can often be made against the policyholder much later than the contract expiration date. For example, in case of injury resulting in the development of a chronic disease, which was diagnosed many years after the action leading to the such injury.