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Liability Insurance

Liability Insurance
There are many forms of insurance to protect against your legal liability for any damage or harm caused by your business or its products or services to customers or the public.

Awards for damages can be high, and could put you out of business, so you need to consider your business’ exposure to these risks carefully.

To assist you with determining which liabilities your business may be exposed to we have provided a brief summary of each cover.

  • Public Liability Insurance

    Covers potential liabilities to third parties for personal injury or property damage if your business is found to be negligent.

    Some laws impose a ‘duty of care’ upon certain people, including employers, owners of property and suppliers of goods. If have breached your duty of care, you may be liable for damages. It also covers any related legal fees, costs and expenses.

  • Products Liability Insurance

    Product Liability is the legal responsibility of a manufacturer to a consumer of its’ product.

    Liability arises out of the negligent manufacture of a product including defective or faulty workmanship, materials or components.

  • Professional Indemnity Insurance

    Anyone who gives to another person advice and/or services of a skilful character according to an established discipline might be regarded as a ‘Professional’.

    Professional Indemnity Insurance protects an insured, its employees and directors against liability arising from their professional negligence. It covers the Legal Liability to compensate a third party who has sustained injury, loss or damage created by the existence of a duty of care owed to third parties as a result of a negligent act, error or omission in the rendering of professional services by the assured.

    Professional Indemnity Insurance also includes legal defence costs.

  • Management Liability Insurance

    An innocent act, error or omission can be enough to generate a claim against an individual and/or against a company.

    Every Director, Officer and Senior Manager is personally exposed to liability for a breach of duty they owe. Claims could arise from any of the following stakeholders:

    • Shareholders
    • Employees
    • Competitors
    • Creditors
    • Regulators (Occupation Health & Safety, Statutory Duties)
    • Customers
  • Information Technology (IT) Liability

    nformation Technology and Telecommunications (IT&T) companies are facing increasing liability challenges and threats

    There are many areas where you may be exposed to economic loss as a result of an error or omission by you or one of your employees.

    Exposures include:

    • Loss of data
    • business interruption
    • Incompatible, inappropriate or ineffective hardware or software
    • Data migration difficulties
    • Inadequate hardware or software support
    • Injury caused by faulty hardware or software
    • Physical loss of equipment.
    • Due to systems not being delivered within contractual timeframes;
    • Due to systems not performing as intended;
    • Arising from loss of data, libel and slander and sub contractors acts.
    • Arising from a breach of a third parties Intellectual Property Rights such as copyright, trademark or register design