Professional Indemnity Insurance covers the legal liability of professionals like doctors, chartered accountants, architects, etc. arising out of offering service or advice to clients. If you are alleged of providing inadequate advice, services or designs to a client, professional indemnity insurance will cover the legal expenses incurred in defending the claim and paying compensation to the client to rectify the mistake.
Public Liability Insurance offers the optimum protection to the business in case any third-party liability arising out of injury or property damage. Public exposure or liability affected by law can destroy the promising future of any business. With this insurance policy, you can mitigate the financial burden that may arise due to third-party liabilities, for this reason, it can also be called third-party liability insurance.
Directors and officers liability insurance provides coverage to the employees working at the designation of Directors or officers in an organization. This insurance work against claims arising out of any actual or alleged decision or action taken by them. Coverage also includes defense costs resulting from any criminal and regulatory investigations as well as trials.
Workmen compensation insurance, also known as workers' comp, is a type of insurance that provides financial protection for employees who get injured while working. In India, it is mandatory for all companies to have this insurance. The Employee/Worker Compensation Policy helps the employer financially compensate employees who are injured or die because of an accident that happened while they were working. Worker compensation covers injuries, disabilities, and deaths of employees caused by accidents during their job.
