Coverholder at LLOYD`S

General Liability

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Encompassing company‘s liability for bodily injuries or damage to tangible assets, arising from company‘s activities (induced to others not a company itself)

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Description

Claim examples

 

  • When installing the equipment, the equipment supplier ran over and damaged customer’s  assets at the nearby.
  • Low quality bottles of drinks have leaked at the warehouse. The bottle manufacturer had to compensate the losses to the drink manufacturer for the damaged product.

 

Advantages

 

  • Clear and detailed definition of the event insured
  • Significantly less exclusions
  • Highest quality services in case of a claim: even 90% percent of claims are handled prior to the court proceedings, this way it helps to save company‘s reputation.
  • Cost efficiency insuring the whole group of companies by one insurance contract, insurance coverage applied to each insured company separately, just as if they had separate insurance contracts.