Liability Insurance

There are several types of Liability Insurance covers available in India and overseas.
In a broad perspective such Insurances are designed to indemnify the Insured Company/Individual against their legal liability to pay compensations TO THIRD PARTIES. It also covers the costs of defending the case including claimant’s costs, fees and expenses in respect of injury/damage arising out of accidents/negligence during their business operations.

Only civil liabilities are covered. The policies offers the benefit of Retroactive period on continuous renewal of policy whereby claims reported in subsequent renewal but pertaining to earlier period after first inception of the policy, could also be considered under the Policy. Since the legal liabilities could arise from different circumstances – different policies are also available which are described here under.