Business liability insurance

1)Subject to completion of proposal forms 2) fine and penalties not covered 3)include cost incurred by him 4)2 types of claim : basis or occurrence basis 5) have per incidence limit and per year limit there are different range 1:1, 1:2, 1:3

Public liability act policy 2)public liability (industrial and non industrial) policy 3)product liability policy 4) commercial general liability {CGL} policy 5)error and omission/professional liability policy 6)directors and officers liability policy 7)employers liability insurance policy

"liability insurance is a type of insurance that provides protection from claims against arising injuries or damages to other people or property." Liability insurance essential segment of general insurance system of risk financing protect risk of liability imposed by lawsuits and similar clams protection against third party insurance claim under which payment is made to the party suffered and not to the party to insurance contract.