Commercial Liability
insurance protects companies against financial loss resulting from liability for damage they cause to others. This includes damage caused by the company’s employees or by the company’s products and services, as well as personal injury on company premises.
Why do you need commercial liability insurance?
Legal costs
Provides cover for legal defence in legal disputes and pays the indemnities set out in the policy
Broad cover tailored to your business
Covers a wide range of risks including product, premises, property and environmental liability.
Reputational risk
Protects your reputation and builds trust with your customers.
Key features of commercial liability insurance
Industry-specific risks
- Includes product recalls, loss of use, dismantling and assembly costs, damage to third party stored property
Flexible contract options
- Customizable Limits: Companies can choose their coverage limits based on their specific risk exposure and budget requirements.
- Additional Coverages: Many policies can include additional coverages, such as advertising injury that covers defamation claims.
Support and services
- Risk Management Advices: Insurers often offer risk management services to help businesses minimise their liability risk.
- Fast Claims Handling: Insurance companies usually offer efficient claims handling to minimise business interruption.