Liability insurance is a crucial form of protection for individuals and businesses alike.This covers the cost of a company's legal defense, while paying for any settlement offerings or awards a company is mandated to pay as per legal judgments leveled against them. Liability insurance can protect you from financial ruin and ensure that you have the resources to pay for legal defence and damages if necessary.
This covers third-party bodily injury, property damage, and personal injury claims. Personal injury claims like, slander, false arrest, and wrongful eviction can also be considered under the general liability claim. In fact, this is often purchased by businesses and can provide coverage for accidents that occur on the business's property or as a result of their operations.
Professional indemnity insurance is a type of insurance bought by professionals who are susceptible to being sued for malpractice. This insurance provides coverage for claims related to negligence, misrepresentation, and errors or omissions in the services provided.
Your business may be held legally responsible for any injuries to people or damage to property caused by a faulty product. Product liability insurance covers the cost of compensating third party property damage or bodily injury by a faulty product that a business designs, manufactures or supplies,import , export, repair refurbishes or changes a product.
A cyber liability insurance is the ideal coverage policy for businesses that store or process sensitive data. A cyber insurance policy is designed to help an organization or business cover against the liability and property losses arising due to any electronic activity business engaged on. The policy help to offset the risk involve with recovery after cyber related security breach. Ransomeware attacks etc. However, not many Sri Lankan insurance companies offer this policy.
This type of liability insurance offers additional protection that goes beyond the limits of other liability insurance. It may cover damage beyond the limits of your other liability insurance or for claims not covered by your other insurance policies.
If you think that investing in insurance will help you get the best options for you or your business, well then, you must definitely try Continental Insurance, who will provide you with the best options that you are looking for.