Liabilities Insurance from ICICI Lombard
It is prudent to cover your business against all kinds of liabilities -- public liability (third party injury or property damage) from industrial and non-industrial operations, product liability, professional indemnity, D&O liability and E&O liability. ICICI Lombard offers wide array of liability products to suit your business needs.
Know more about our liability products
Public Liability Insurance (Industrial Risks) Policy
Legal liability of the Insured towards damages to third party with respect to:
- accidental death
- bodily injury or disease
- loss or damage to property.
- Legal costs and expenses incurred with the prior consent of the Insurer and within the limit of indemnity.
Public Liability Insurance (Non-Industrial Risks) Policy
This Policy broadly covers:
Legal liability of the Insured towards damages to the third party with respect to:
- accidental death
- bodily injury or disease
- loss or damage to property
Legal costs and expenses incurred with the prior consent of the Insurer and within the limit of indemnity.
Product Liability
Safety and reliability of products are an important concern to consumers, sellers & manufacturers. Faulty products can be hazardous for the consumers' health & property. The manufacturer/ seller of faulty could be held liable for such damages, exposing themselves to financial losses.
Public Liability Act Only
This Policy broadly covers the Owner’s statutory liability on the no-fault principle for the following conditions resulting from an accident while handling any hazardous substances:
- death of or injury to any person
- damage to property
Workmens’ Compensation Policy
The policy, provides for two forms of insurance viz,
Table ‘A’ - Indemnity against legal liability to all employees (whether or not coming within the definition of the term Workmen) under the W.C.Act 1923 and subsequent amendment to the said Act prior to the date of issue of the policy, the Fatal Accidents Act, 1855 and at Common Law.
Table ‘B’ - Indemnity against legal liability under the Fatal Accidents Act, 1855 and Common Law. (Table ‘B’ policies may not be issued to cover employees who fall within the definition of “Workmen” under the Workmen’s Compensation Act, 1923 as amended)
Director & Officers Liability Insurance
Directors and officers of a hold a position of trust are responsible towards the company, the shareholders, the employees, and the public at large. Our Directors and Officers Liability policy protects the personal fortunes of individual directors and officers, in respect of personal liabilities arising out of their wrongful acts like breach of duty, breach of trust, neglect, error, misstatement or misleading statement.
Professional Indemnity (Doctors & Medical Practitioners)
For a patient, his doctor is someone who promises good health by putting him on the right fitness condition when an emergency lands. Unfortunately, human error cannot be eliminated and doctors are exposed to the risk of claims from clients who have suffered loss due to neglect, error or omission.
Our Professional Indemnity for Doctors Policy protects you against
- Claims arising out of bodily injury or death caused by error, omission, negligence
- Legal liability including
- Defence costs (costs, fees, expenses) incurred while investigation, cost of representation, compensation etc.
