Liability Insurance

a)Directors & officers liability insurance-A Director/Officer is open to actions from Shareholders, Employees, other Third Parties and indeed the Company itself . He is exposed to the extent of his personal fortune.
Moreover, the revised companies Act has defined and increased the responsibility of directors/ officers at large. Major changes like introduction of class action suits, increase in civil fines and penalties, speedy disposals of disputes etc have made it all the more important to manage the risks by a comprehensive risk transfer mechanism.

b) Product Liability-Product liability insurance covers the cost of compensating anyone who is injured by a faulty product that your business designs, manufactures or supplies. Your business may be held legally responsible for any injuries to people or damage to property caused by a faulty product. You can be held liable for faulty products even if you did not manufacture them.

c) Public Liability
A public liability insurance policy is a type of insurance policy that provides cover for any physical injury as well as property damage caused to the third party for which the policyholder is responsible.