Casualty liability Insurance
Liability Insurance is available to protect you against liability arising out of any accident affecting any person(s) occurring while handling hazardous substances as listed in the Gazette notification issued under the PLI Act 1991. The Public Liability Act, 1991 was made effective from 01.04.1991 to provide through insurance, immediate relief, by you who control or handle hazardous chemicals, to persons affected due to accident due to handling of such hazardous substances on ‘No Fault Liability’ basis.
Kidnap and extortion are a very real and growing threat in today’s world. Whilst the most vulnerable companies are those that have employees based or travelling overseas; organisations which have high profiles, handle large amounts of cash, or work with sensitive information or technologies can be attached as well.
Corporate Kidnap and Ransom Extortion Insurance not only protects against financial loss but also provides the services of NYA International, leading crisis management and security consultants, to manage incident on the policy holder’s behalf.
The Workmen's Compensation Insurance Policy provides for legal liability coverage for compensation to your employees for bodily injury or death caused due to accidents / occupational diseases arising out of and in course of employment.
The workmen's compensation insurance is the primary method by which an employer can demonstrate the ability to satisfy the obligations imposed by the worker's compensation statutes. It is compensation payable under a scheme set out in the Workmen's Compensation Act of India, monitored by the Ministry of Labour.
In view of new dimensions of legal liability exposures any business can fall victim to the high cost of liability from simple slip and fall accidents to personal injury and reputation damage claims. That’s why every business needs the type of coverage that Commercial General Liability insurance offers and it is generally a company’s first line of defense against liability arising out of its operations.
Commercial General Liability (CGL) policy covers third party liabilities arising from various business operations, be it premises, products and completed operations and/or advertising and personal injury.
As a manufacturer supplying products, you are always susceptible to the possibility that your product could cause damage to a third party – either property or a person. A small defect could open you up to massive claims.
In such a case, product Liability Insurance is vitally important for product manufacturers. The policy not only protects your organisation from claims but also covers legal costs associated with defending these claims against your organisation.