An insurance to reimburse the Assured for any amount paid by him by way of damages in respect of a wrong done to another party. The liability maybe due to damage to another's property or persons or to infringement of another's rights.
Such insurance covers only the legal liability of the Assured.
Types of Liability Insurance:-
Contractors All Risk
Covers the contract works and also all materials-tools-tackles and plants on the site for the purpose of the contract
Cash In Transit
Covers direct loss of cash belonging to the Insured, against all risk of physical loss or damage whilst in custody or control of the Insured.
Tour Operators Liability
Covers bodily injury and property damage to tourist while in the insured’s care, custody and control, while enjoying various tours and sites.
Public Liability
Covers the Insured against all sums which the Insured shall become legally liable to pay in respect of claims by the Third Party.
Employers Liability
Covers employers for their legal liability to an employee: for injury arising out of and in the course of employment and not covered under Social Security Law.
|
|
