What Kind Of Coverage Does Commercial Liability Insurance Cover?

Commercial insurance is crucial to safeguarding your business against unforeseen risks in the dynamic business environment. Bajaj Allianz offers a comprehensive Liability Insurance Policy to address these challenges and provide long-term support. The policy is designed to handle complex issues backed by an experienced team of underwriters, lawyers, engineers, scientists, and risk consulting specialists.

Bajaj Allianz’s commercial general liability insurance coverage encompasses various products tailored to meet your company’s specific needs and vulnerabilities. These include individual primary policies, excess layers and umbrella policies, or international insurance programs covering multiple risks in diverse locations. The primary focus of the various types of commercial insurance policies is on bodily injury and property damage. 

Public Liability Insurance:

This liability insurance coverage protects your company against third-party compensation claims from incidents on your premises during business hours. Whether it’s a supplier, client, or another party, public liability insurance covers the harm caused to a supplier’s body or damage to a client’s property. Bajaj Allianz assists in handling compensation claims providing financial protection during the insurance period for accidents causing property damage or bodily injury. *

Product Liability Insurance:

Product liability insurance protects your business from lawsuits related to harm or losses caused by the goods you supply. Even with robust processes, errors can occur, damaging customers or their assets significantly. For example, the company may be liable if a product like furniture causes harm. Bajaj Allianz’s product liability insurance protects your company from third-party claims resulting from accidental property damage or bodily injury during the sale or supply of your products. *

Product Recall Insurance:

Product recalls, whether voluntary or involuntary, can have severe financial impacts. Bajaj Allianz’s Product Recall Insurance covers the expenses associated with recalls, alleviating financial concerns for businesses. This is particularly relevant in industries with global supply chains, reducing the risk and expense of product recalls and preserving your company’s reputation. *

Clinical Trials Insurance:

Clinical trials are vital for medical advancements, but they come with risks. Bajaj Allianz provides Clinical Trials Insurance to protect businesses conducting tests against claims from participants. This coverage applies to various industries, including food, cosmetics, pharmaceutical companies, universities, and hospitals. *

Workmen’s Compensation Insurance:

Acknowledging the importance of a workforce, Bajaj Allianz offers Workmen’s Compensation Insurance. This policy covers benefits for workers in case of accidents or occupational illnesses arising during employment. It helps businesses fulfil legal requirements and financially compensates employees or their families. *

Professional Liability Insurance:

Professional Liability Insurance is crucial if your business provides professional advice or services. This coverage protects your company from client claims resulting from losses due to errors or negligence on your part, offering financial protection against unexpected outcomes. *

In conclusion, Bajaj Allianz’s commercial insurance provides a robust and versatile solution to protect your business from a wide range of liabilities. With tailored coverage, experienced teams, and a global presence, it is a reliable partner in navigating the challenges of the business world.

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

Leroy Auyeung

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