Liability insurance protects you from damage claims by third parties. Liability insurance is designed to compensate for the following:
Accidents may happen even if all precautions are taken. Accidents may bring along high financial costs that jeopardise the economic stability of your company. Even if you are not liable for causing damage, legal expenses incurred may be high. Liability insurance helps you to ensure the economic stability of your company.
The products offered differ from one another based on the type of liability. Liability is divided into liabilities which arise in the course of insured general activities, due to a product manufactured or distributed or through professional activity.
Professional liability insurance covers the damage caused due to the provision of professional services. Costs of legal assistance are also indemnified for.
In addition to personal and material damage, professional liability insurance also covers purely economic loss that may result from the provision of professional services. Liability insurance is mandatory for some professions. Seesam offers professional liability insurance to attorneys, architects and designers.
Product liability insurance covers the personal or material damage caused to third parties due to a defective product manufactured or distributed by the insured person. In addition, the insurance covers the costs of legal assistance that may arise.
Product liability insurance is required for each company manufacturing or distributing products. Even in the event of safe products something may still go wrong, causing damage to third parties. Claims may turn out to be very costly.
Professional Indemnity Insurance covers the damage caused due to the provision of professional services. Legal expenses are also indemnified.
In addition to personal and property damage, professional indemnity insurance also covers pure financial loss that may result from the provision of professional services. Liability insurance is mandatory for some professions. Seesam offers professional indemnity insurance to solicitors, architects and designers.
The purpose of employer’s liability insurance is to provide employers with insurance cover, compensating for the personal and material damage caused to an employee due to an occupational accident. In addition, the insurance covers the costs of legal assistance that may arise.
Occupational accidents are primarily associated with dangerous fields of employment, but in reality, they are also frequent in lower-risk fields, including among office employees. An employer is liable for an occupational accident pursuant to law.