Liability Insurance
Liability insurance is any type of insurance policy that protects an individual or business from the risk of being sued and held legally liable for something such as malpractice, injury or negligence
Liability insurance policies cover both legal costs and any legal payouts for which the insured would be responsible if found legally liable. Intentional damage and contractual liabilities are typically not covered in these types of policies.
Risk which are generally covered under liability insurance
- Bodily Injury Coverage
- Property Damage Coverage
- Completed Products Coverage
- Contract Liability Coverage
- Personal and Advertising Coverage
- Liquor Liability Claims
- Medical Expenses Claims etc
Why should a manufacturer take liability insurance cover?
Being a manufacturer you know that your company is vulnerable to variety of risk like:-
- Bodily injury
- Property damage
- Contractual liability
- Advertisement litigation etc
With the line of work you are in, this insurance helps to protect you from costly litigation charges charged against you due to above mentioned risks, that may otherwise put you and your business into any sought of big trouble.
Why should a service provider take liability insurance cover?
As an owner of service based business, it is your duty to provide 
customers with what they want but at times something unexpected might happen, which may put you and your business into trouble and that’s when liability insurance comes to your rescue. This insurance helps to protect you from costly litigation charges charged against you.