Insurance Policies

Legal Liabilities

Companies are often exposed to legal liabilities arising out of breach of duty of care to the general public and their customers. Directors and officers of a company are exposed to liability as a fallout of the various decisions taken by them during the day to day functioning.Specific policies can be taken to cover legal liabilities of companies, directors and officers and other commercial establishments.

Overview

Legal Liability arises in three specific scenarios. 1) Breach of the duty of care, 2) when the breach of duty of care leads to injury (financial injury or physical injury or death, 3) when there has been damage to the property of third parties.

Insurance Products

Carrier’s Legal Liability

The policy pays all sums for which the insured shall become legally liable as compensation for physical loss or destruction…

Commercial General Liability Insurance

What is a CGL policy? CGL covers Third party Liabilities arising from various business exposures such as those arising from…

Directors’ and Officers’ (D&O) Liability Insurance

Directors & Officers Liability is the liability of corporate board members and officers arising out of their actions pertaining to…

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Insights

Public Liability Insurance – Act Only

Public Liability Insurance Act 1991 provides compensation to victims of an accident which occurs as a result of handling of…

Cyber Crime and Insurance

Digitalization is exposing organizations to cybercrime. The scale of cyber crime is increasing manifold daily. It is estimated that 500…

Product Liability Insurance-Understanding the Fine Print

This intersection between policy deductibles and the number of claims or occurrences results in a significant impact on insurance coverage,…

Why is Errors & Omissions Cover Necessary?

Professionals owe certain duties to their clients by virtue of the special skills, knowledge, and expertise that characterize their chosen…

Cyber Liability for Hospital

Digital data collection, storage and transmission are a must today. But these activities present new risks and challenges for the…

Increasing Risk of Professional Indemnity in Hospitals

A sudden and unpleasant attention has been focussed on the Indian healthcare sector with reports of high numbers of sepsis…

Professional Indemnity Insurance for Civil Contractors

The exposures faced by contractors have become more complicated as a result of changes in project delivery systems over the…

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Industry News

Non-life insurers in India are upbeat, having reported a 27.53% year-on-year (Y-o-Y) premium growth in October 2024. This high rate…

India is a land of festivals, and not just people but also insurers keenly await the onset of festivals. Large-scale…

The Insurance Regulatory and Development Authority of India (IRDAI) in a bid to strengthen governance measures in Insurers’ operations has…

Optima Insurance Brokers Pvt. Ltd.

Legal Liabilities

Overview

Insurance Products

Carrier’s Legal Liability

Commercial General Liability Insurance

Directors’ and Officers’ (D&O) Liability Insurance

Insights

Public Liability Insurance – Act Only

Cyber Crime and Insurance

Product Liability Insurance-Understanding the Fine Print

Why is Errors & Omissions Cover Necessary?

Cyber Liability for Hospital

Increasing Risk of Professional Indemnity in Hospitals

Professional Indemnity Insurance for Civil Contractors

Downloads

Policy Snapshots

Policy Wordings

Proposal Form

Claim Form

Industry News

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