We offer a wide range of products in the Liability and Professional Indemnity fields including:
• Broadform General Liability
• Umbrella Liability/Excess of Loss
• Directors and Officers Liability
• Professional Indemnity
All products are designed to protect the business or individual against costs they could become legally liable to pay as a result of negligence in carrying out business or private activities resulting in harm to others. The Professional Indemnity product indemnifies a professional against losses suffered by them after they have become liable to pay compensation to their client because they were negligent or erroneous in providing the client with professional services.
All products cover the elements of awards, settlements and legal defence costs incurred by the insured.
LIABILITY Product Breakdown
Further to the standard umbrella liability cover provided we also offer the following:
Extended Umbrella Liability (Personal Lines) - this cover is in respect of legal liability to pay compensation for death, bodily injury or illness, or loss or damage to property occurring during the period of insurance provided by the typical personal policy sections providing liability cover, i.e. personal, motor, household, etc.
Extended Umbrella Liability (Commercial) - umbrella liability insurance provides three forms of cover in addition to the cover provided by an underlying Liability policy (general public liability, motor and employers liability):
• Excess layer protection
• Difference in conditions protection
• Additional risks protection
The Broadform Liability product indemnifies the Insured for sums they become legally liable to pay for death, bodily injury or illness and/ or damage to property occurring as a result of the Insured’s business operations during the period of insurance.
Directors and Officers Liability
The policy covers the personal legal liability incurred by a Director or Officer of a company as a result of allegations that they had executed their fiduciary duties negligently. In addition, the policy indemnifies the Directors and Officers for most sums they incur in defending the allegations.
The policy indemnifies the Insured for all sums they become legally liable to pay to a third party who has alleged that the Insured had negligently carried out their professional services resulting in financial loss to the third party.