General and Professional Liability Insurance

General and Professional Liability Insurance

Even when carrying out our activities with the utmost care, accidents or other incidents may occur for which we may be held liable to others.

An excellent solution is to have liability insurance for your business. For certain types of activities, taking out liability insurance is also a legal requirement.

Imagine one of your employees slips on a freshly mopped floor! Imagine one of your workers accidentally suffers an electric shock! Imagine your employees accidentally damage a business partner’s property while carrying out their work! In such cases, your company may be liable for the resulting damages.

For example, if an oil drum is accidentally knocked over at your company’s premises, resulting in serious environmental pollution, or if your company’s products are defective due to a manufacturing error and cause damage – for example, a building collapses because of poor-quality bricks – you could be liable for significant compensation costs.

If you want to avoid a major expense like this putting your business at serious financial risk, make sure you have the right protection in place. With liability insurance tailored to your company’s activities, you can focus on growing your business and generating even greater profits with confidence.

Insurable Risks

  • Under activity liability insurance, we cover compensation for personal injury and property damage caused to third parties outside of a contractual relationship.
  • Employer’s liability insurance covers liability claims arising from workplace accidents involving employees.
  • Service provider liability insurance covers compensation claims arising from damage caused to contractual partners in the course of providing a service or as a result of defective performance.
  • Product liability insurance provides protection if a defective product manufactured by your business causes personal injury or property damage.
  • Environmental liability insurance provides coverage for compensation obligations arising from damage caused by your company’s environmentally hazardous activities.
  • Professional liability insurance covers damages caused by breaches of the rules and standards governing professional activities.
  • Directors and officers liability insurance provides coverage for compensation claims arising from potentially wrongful decisions made by company directors and executives.

Have a question? Get in touch with us!

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Phone:+36/30 211-2770

Email: bestcover@bestcover.hu

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