- Created by: DeborahRobinson
- Created on: 21-08-19 10:00
Liability Insurance - Classes of Insurance
Employers Liability - Insurance to compenstate the insured in respect of their legal liability to pay damages to any employee arising out of bodily injury, disease, illness or death happening in the course of employment by the insured. This is compulsory by law
Public Liability - Insurance to compensate the insured in respect of claims from third parties for accidental bodily injury or damage to their property due to the insured'd negligence or that of their employees.
Products Liability - Covers legal liability for third-party bodily injury or property damage cause by products, goods or services sold or supplied
Directors and Officers Liability - Cover personal legal liability incurred by individual directors and officers for financial loss resulting from their negligence or failure
Professional Indemnity - Protects a professional against claims alleging that injury or loss has resulted from their actions