Public Liability Insurance

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What is it for

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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.

 
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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
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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
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What can be insured

Liability for third party claims for property damage and bodily injury and defense costs in connection herewith.

 

Best of GARDIA:

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Efficiency
in resolving issues
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Constant
feedback
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Personal
manager
 
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Prompt
response
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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.