About Liability Insurance
In an increasing litigious environment, general liability insurance is a critical tool for managing risk and protecting against potentially devastating financial losses. It helps businesses of all types and industries navigate the legal landscape with confidence and safeguards their financial well-being.
What is liability insurance
Liability insurance provides financial protection for your business in the event of claims made by individuals who suffer bodily injury or property damage while on your business premises, during your employees' work activities, or as a result of using your products.
Bodily Injury: when an individual suffers bodily injury, such as physical harm, illness or even death, as a result of the insureds negligence general liability can cover medical expenses, legal expenses, defence costs and potential settlements or judgements
Property damage: if your business causes damages to someone else’s property, general liability insurance can cover the cost of repairs or replacement.
Types of Liability Insurance:
• Employers’ liability: this type of coverage covers the liability of the employer arising from work-related employee injuries, and occupational diseases. In Cyprus, employers’ liability insurance is mandatory for businesses that employ workers. It is a legal requirement under the Workers' Compensation Law, which aims to protect employees by providing compensation in case of work-related injuries or occupational diseases.
Liability insurance provides financial protection for your business in the event of claims made by individuals who suffer bodily injury or property damage while on your business premises, during your employees' work activities, or as a result of using your products.
Bodily Injury: when an individual suffers bodily injury, such as physical harm, illness or even death, as a result of the insureds negligence general liability can cover medical expenses, legal expenses, defence costs and potential settlements or judgements
Property damage: if your business causes damages to someone else’s property, general liability insurance can cover the cost of repairs or replacement.
Types of Liability Insurance:
• Employers’ liability: this type of coverage covers the liability of the employer arising from work-related employee injuries, and occupational diseases. In Cyprus, employers’ liability insurance is mandatory for businesses that employ workers. It is a legal requirement under the Workers' Compensation Law, which aims to protect employees by providing compensation in case of work-related injuries or occupational diseases.
• Public and General liability: this type of insurance provides coverage for common risks faced by businesses, such as slip and fall accidents on their premises, property damage caused by their operations, or claims of personal injury resulting from products or services.
• Product liability: Manufacturers, distributors, or sellers of products may obtain product liability insurance to cover legal liabilities resulting from injuries or damages caused by their products. It protects against claims of defective design, manufacturing defects, or inadequate product warnings or instructions
•Environmental Liability: refers to the legal and financial responsibility that individuals, businesses, or organizations have for environmental damage or pollution caused by their actions or operations.
Who we help
• Retailers
• Hotels
• Manufacturers
• Contractors & Developers
• Energy companies
• Real Estate
• Event Organizers
• Property Funds
• Product liability: Manufacturers, distributors, or sellers of products may obtain product liability insurance to cover legal liabilities resulting from injuries or damages caused by their products. It protects against claims of defective design, manufacturing defects, or inadequate product warnings or instructions
•Environmental Liability: refers to the legal and financial responsibility that individuals, businesses, or organizations have for environmental damage or pollution caused by their actions or operations.
Who we help
• Retailers
• Hotels
• Manufacturers
• Contractors & Developers
• Energy companies
• Real Estate
• Event Organizers
• Property Funds
