Comprehensive General Liability

Running a business is challenging enough without having to worry about lawsuits, regulatory charges, third party injuries or property damage.

Liability risks are a threat to businesses of all sizes and the potential for large losses isn’t limited to large companies only. For example, a bodily injury lawsuit can easily result in a claim amount that’s higher than annual revenue for a small or mid-sized business.

One such protection is ICICI Lombard’s Comprehensive General Liability Insurance (CGL). CGL is designed to protect these businesses against a broad set of claims made against it for causing bodily injury, property damage, personal & advertising injury & defence costs.

CGL operates as a combination of Public Liability and Product Liability policies covering legal liability towards Third parties. The covers available are:

• Premise/Public Liability: Liability or losses because of a bodily injury or property damage arising out of your business activities within your premises.

   

• Products and Completed Operations: Liability or losses arising because of a bodily injury or property damage related claim caused by your product or completed operations.

   

• Property Damage
• Bodily Injury
• Personal and Advertising Injury Liability
• Medical Payments expenses
• Fire Damage Extension

Directors and Officers Liability Insurance

Director and Officers policy aims at indemnifying losses or defence cost that an insured suffers because of legal action brought for alleged wrongful acts in their capacity as directors, officers or employees of a company.

Directors and Officers of a Company have responsibilities towards various stakeholders like shareholders, regulators, employees. There could be high legal costs involved for such persons in case any stakeholder perceives that they have been negligent in their duties. The D&O policy provides the Insured Persons cover against such legal costs.

Coverages


• Court awarded Damage
• Out of Court Settlements
• Defense Costs
• Public Relations Expenses
• Investigation Costs
• Legal costs for Investigations/ Inquiries
• Breach of duty to minority shareholders
• Workplace discrimination and harassment issues
• Civil fines and Penalties wherever insurable by Law
• Inadequate/inaccurate financial reporting or disclosures
• Cover for all persons in a managerial role on an unnamed basis

Professional Indemnity – Doctors/Hospital

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.

In today's litigious world, claims can pose a significant threat to the financial security for a medical practitioner. Your expertise is protecting the health of your clients. Our expertise is advising you how to protect your professional interest.

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.
• Cover for Doctor, Nurses, Qualified assistant, Technician employed by Doctor