The law provides that every public building must be insured against liability in the case of loss, damage to property, death or bodily injury that may be caused by collapse, fire, earthquake, storm or flood. A public building refers to any building accessible to people for educational, medical, recreational or commercial purposes. By virtue of
This policy was formerly known as the Workmen’s Compensation Policy, which was a compulsory insurance and guided by the Workmen’s Compensation Decree of 1987 (Workmen’s Compensation Act of 1990). Under this Act, employers are mandated by law to be responsible for the compensation of any employee under the contract of service who suffers injuries, disabilities
D&O insurance policies offer liability cover for company managers to protect them from claims which may arise from the decisions and actions taken within the scope of their regular duties. As such, D&O insurance has become a regular part of companies’ risk management. Companies purchase D&O cover because managers can make mistakes. D&O coverage includes
Contractors’ All Risks (Liability only)
This cover provides indemnity in respect of Construction related Risks Resulting in Death of Site Workers; Death of Third Parties; Injury to Site Workers or Third Parties; damage to Site Workers’ or Third Parties’ property and even legal costs. It is a compulsory insurance policy for contractors and owners of buildings higher than two storeys.
Professional Indemnity Insurance (PII) is a form of liability insurance that helps protect professional advisers, service-providing individuals and companies from bearing the full cost of defending themselves against a negligence claim made by a client and damages awarded in such a civil lawsuit in the conduct of their business.
General third-party liability insurance is primarily addressed to companies and it covers general mandatory liability, which is directly related to economic activities, to both third parties and company’s own clients in case of personal injuries or property losses. The insurance “General Third-party Liability” covers the liability of legal entities and sole traders for material and
As required by section (53) the Motor Vehicles (Third Party Insurance) Act 1945, this insurance policy is made compulsory for owners & drivers of vehicles, motorcycles and other special type vehicles (both private and commercial). It is the minimum cover required for vehicle owners and covers against liabilities such as death, damage to property or