Public Liability Insurance is a type of insurance that provides coverage for individuals or businesses in the event they are found legally liable for third-party bodily injury, property damage, or personal injury. It helps protect against the financial consequences of legal claims and compensation payments made to injured parties or those who have suffered damage to their property due to the policyholder’s actions or negligence. This insurance is especially important for businesses and organizations that interact with the public, as it can safeguard them against the potential costs of legal claims and lawsuits.
- Public Third-Party Liability Coverage: This coverage is designed to protect you against legal liabilities that might arise from bodily injury, property damage, or personal injury caused to third parties due to your business activities or operations.
- Limits of Liability: Policy provides coverage up to [ PME’S AIG POLICY LIMIT 4 MILLION] for each occurrence. This limit includes legal costs associated with defending claims.
- Property Damage Coverage: Policy covers the costs incurred for repairing or replacing third-party property damaged because of your business operations.
- Bodily Injury Coverage: Policy offers coverage for medical expenses, rehabilitation costs, and potential legal expenses if a third party sustains bodily injury due to your business activities.
- Personal Injury Coverage: Policy’s coverage includes protection against claims related to slander, libel, false arrest, wrongful eviction, and other personal injury offenses.
- Products and Completed Operations: Policy provide coverage for liabilities arising from products you have sold or operations you have completed, ensuring you are protected even after the transaction is complete.
- Advertising Liability: Policy covers claims related to advertising, such as copyright infringement or defamation, ensuring your business is safeguarded against potential legal challenges.
- Legal Défense Costs: Policy includes coverage for legal Défense costs, including attorney fees and court expenses, helping you manage the financial burden of legal proceedings.
- Additional Insureds: Policy provides the option to add additional insured parties, such as clients or business partners, to your policy to extend coverage to them.
- Exclusions: Please note that certain exclusions may apply, such as intentional wrongdoing or criminal acts. It’s important to review the policy document for a complete understanding of the exclusions.
If you have any specific questions or would like to discuss customizing your coverage further, please don’t hesitate to contact our experienced insurance advisors.
INSURE FIRST CONSULTANCY LLC. P.O BOX 35973 DUBAI UAE EMAIL consult@insurefirst.ae Mobile 0509765976 /0544007674