Other Commercial Insurance

A manufacturer may be held liable for bodily injury or damage to property of others caused by defective products.Product liability insurance protects companies in the event that the products they have manufactured injure someone or cause property damage

This type of insurance would cover a business if a customer or member of the public was to suffer a loss or injury as a result of its business activities and if that person made a claim for compensation. The insurance would cover the compensation payment plus any legal expenses.

An employer may be legally liable to provide compensation to his workers and their dependants for personal injury/death by accident arising out of and during the course of employment. The Work Injury Compensation Act covers the employer for such liabilities.

Trade credit insurance insures suppliers against the risk of non-payment of goods or services by their buyers. This may be a buyer situated in the same country as the supplier (domestic risk) or a buyer situated in another country (export risk). The insurance covers non-payment as a result of insolvency of the buyer or non-payment after an agreed number of months after due-date (often referred to as protracted default)

All construction projects come with considerable risks, which can result in the damage to or loss of buildings or structures in the course of construction or erection including legal liability to third parties for property damage or bodily injury arising from the project works.

The same risks also apply to the erection of industrial plants or machinery.

Businesses are typically required to put up a cash deposit or banker’s guarantee as part of a contractual requirement.

Such businesses include landlords leasing/renting business premises, organizations to whom fees, levies and taxes are to be paid and those undertaking projects for construction, renovation, erection of plants and machinery, supply goods or services or materials, etc.

Banks’ guarantees often impose full collateral requirements on top of existing charges. That is why you should opt for our Performance Bonds insurance cover as it functions as practical and affordable coverage for your contracts and projects

A type of liability insurance covering directors and officers for claims made against them while serving on a board of directors and/or as an officer. D&O liability insurance can be written to cover the directors and officers of for businesses.

Professional indemnity insurance can help protect you from claims made by dissatisfied clients such as; there is a problem with your work, or you’ve made a mistake which costs your client money, meaning the client may want to pursue you for compensation.

It’s important to note that even if you haven’t done anything wrong, the cost of defending yourself may be high and professional indemnity cover can help you protect yourself from these costs