Liability Insurance

What is Liability Insurance?

Business owners are often exposed to legal liability arising from loss or damage caused to third-party property or personal injury. Liability Insurance safeguards the financial interests of companies and entrepreneurs when faced with formal lawsuits or third-party claims. These policies cover both direct financial liabilities and legal defense costs. There are various types of liability insurance available depending on the nature and scale of your business.
At Prudent, our experienced technical team specializes in designing and arranging tailored liability coverage with top-rated insurers worldwide. We help businesses manage their liability exposures globally—so you can focus on your core operations while we ensure comprehensive insurance protection at the most economical cost, along with responsive claims service.

What is Comprehensive General Liability

A Comprehensive General Liability (CGL) policy protects businesses from liability claims related to bodily injury (BI) and property damage (PD) to third parties arising from business operations, premises, products, completed operations, advertising, and personal injury. This coverage helps safeguard your business from the financial impact of accidents or incidents that occur during your daily operation.

Key Coverage Highlights

Bodily Injury and Property Damage – Protects the insured against claims of bodily injury or property damage resulting from the business’s operations or premises
Personal and Advertising Injury - Protects against claims of libel, slander, defamation, copyright infringement in advertisements, and invasion of privacy.
Medical Expenses – Provides coverage for medical expenses incurred due to accidents or injuries on your premises, regardless of fault.
Defense Coverage - Covers legal defense costs in the event of a lawsuit related to a covered claim.

Some Optional Extensions

Liquor Liability
Damage to Premises Rented to You
Pollution Liability
Product Recall Coverage
Non-Owned and Hired Auto Liability

Policy Exclusions

Intentional Injury - Claims arising from intentional acts or willful misconduct are not covered.
Employment Practices - Claims related to employee disputes, such as wrongful termination, harassment, or discrimination, are excluded.
Professional Liability - Does not cover claims arising from professional services or advice.
Cyber Liability- Excludes coverage for data breaches, cyberattacks, or other digital threats
Pure Financial Loss - Excludes claims that result solely in financial losses without any accompanying bodily injury or property damage.

Benefits of Buying CGL Insurance

Comprehensive Protection - CGL insurance provides broad protection against various risks, helping your business stay covered from multiple angles.
Peace of Mind - Knowing you're covered for incidents that could arise from everyday operations helps you focus on growing your business, not worrying about potential liabilities
Legal Defense Included - This policy includes coverage for legal defense costs, even if a claim is ultimately found to be unfounded, ensuring your business doesn't bear the financial strain of defending itself.

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Directors & Officers content here...

Medical Malpractice content here...

Professional Indemnity content here...

Disclaimer: Any descriptions of coverage contained in this information sheet are meant to be general in nature and do not include nor are intended to include all of the actual terms, benefits, and limitations found in an insurance policy. For details of coverage, terms, conditions, and exclusions, please refer to the policy wording. The provision of cover is subject to the underwriting criteria that apply at the time. The insurance policy and not this information sheet will form the contract between the parties thereto, and will govern in all cases.