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🎉 Special Offers:Health Insurance: 5% OFF•Motor Insurance: 5% OFF•Travel Insurance: 15% OFF
🎉 Special Offers:Health Insurance: 5% OFF•Motor Insurance: 5% OFF•Travel Insurance: 15% OFF
🎉 Special Offers:Health Insurance: 5% OFF•Motor Insurance: 5% OFF•Travel Insurance: 15% OFF
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Liability Insurance

Protect your assets, secure your future!

Easy claim process

Instant policy generation

Covers burglary

Covers for loss in stock

Covers up to 50 crores

Covers natural and man-made calamities

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What is Liability Insurance?

Liability Insurance protects your business from financial risks if someone makes a claim for injury, property damage, or loss caused by your operations.

It ensures that if a third party is harmed or their property is damaged because of your business activities, the insurance covers the cost of compensation, legal fees, and other related expenses.

Through BuyVima, you can compare policies from multiple insurers and select one that fits your coverage needs and budget.

Liability Insurance for Business Protection
Coverage Types

Types of Liability Insurance Coverage in India

Choose the right liability insurance based on your profession, business type, and specific risk exposure.

Professional Indemnity Insurance for Medical Practitioners

Professional Indemnity Insurance for doctors offers legal and financial protection against claims that may arise due to professional errors or unintentional mistakes made while treating patients. It helps cover costs related to legal defense, compensation, and settlements for issues such as medical negligence, breach of confidentiality, or documentation errors.

Best suited for:

Doctors, surgeons, medical specialists, and healthcare professionals working in hospitals or running private clinics.

Professional Indemnity Insurance for Chartered Accountants

This insurance policy safeguards chartered accountants and finance professionals from legal liabilities caused by professional errors, omissions, or negligence. It covers expenses related to defense, compensation, and court proceedings as per Indian laws, ensuring peace of mind while you focus on your clients.

Best suited for:

Chartered Accountants, financial consultants, management advisors, lawyers, and other professionals offering advisory or accounting services.

Directors & Officers (D&O) Liability Insurance

D&O(Directors & Officers) Insurance provides protection for company leaders including directors, officers, and board members against claims made for decisions or actions taken while managing the organization. It helps cover legal costs and potential financial losses resulting from lawsuits or investigations.

Best suited for:

Public and private companies with a board of directors, management committees, or corporate leadership teams.

Why is Liability Insurance Bought?

Businesses invest in liability insurance to protect themselves from third-party claims such as injury, property damage, or financial loss caused during their operations. It acts as a safety net, covering legal and compensation costs that could otherwise impact business stability.

Moreover, having liability coverage builds trust with partners and clients, helps meet contractual or regulatory requirements, and gives companies the confidence to explore new markets and opportunities without worrying about potential risks.

Financial Protection

Covers legal costs and compensation that could impact business stability

Builds Trust

Demonstrates commitment to protecting clients and partners

Regulatory Compliance

Helps meet contractual or legal requirements in your industry

Business Confidence

Enables exploration of new markets and opportunities without worry

Risk Management

Comprehensive protection against third-party claims and liabilities

Cost Control

Prevents unexpected financial losses from legal disputes and claims

Other Types of Liability Insurance in India

Every business, regardless of size or industry, faces unique risks that can lead to financial or legal challenges. Liability insurance helps companies manage these risks by offering protection against third-party claims, employee actions, product issues, and more.

Public Liability Insurance

This policy covers legal liabilities if a third party suffers injury, death, or property damage due to your business operations. It's especially important for businesses that deal with hazardous materials or operate in high-risk environments. Public liability insurance ensures compliance with the Public Liability Act (1991) and protects both manufacturing and non-manufacturing companies.

Product Liability Insurance

Designed for manufacturers and product-based businesses, this insurance covers compensation claims arising from injuries or damages caused by defective or unsafe products. It protects your business from legal costs, settlements, and brand reputation damage.

Clinical Trial Liability Insurance

Essential for pharmaceutical and biotech companies, this insurance covers risks associated with medical trials and drug testing. It protects against compensation claims from participants due to injury, illness, or death occurring during or after the research process.

Kidnap & Ransom Insurance

This policy provides financial protection in the event of kidnapping, extortion, or hijacking of employees or executives while on business trips. It helps cover ransom payments, negotiation expenses, and crisis management costs to ensure personnel safety and business continuity.

POSI (Public Offering of Securities Insurance)

POSI protects companies and their directors during IPOs or other public offerings. It covers legal liabilities related to inaccurate disclosures, misstatements in prospectuses, or omissions during the securities issuance process including defense and settlement expenses.

Employee Dishonesty Insurance

This insurance safeguards your business from financial losses caused by fraudulent acts, embezzlement, or theft committed by employees. It covers legal expenses and investigations, ensuring your company remains financially secure against internal risks.

Mergers & Acquisitions (M&A) Liability Insurance

M&A liability insurance helps businesses manage legal and financial risks during mergers or acquisitions. It covers issues like contract disputes, unknown liabilities, or post-acquisition claims protecting both buyers and sellers throughout the transaction process.

Group Cyber Insurance

With rising cyber threats, this policy offers protection to organizations and employees against data breaches, ransomware, hacking, and other cyberattacks. It covers financial losses, recovery costs, and legal liabilities arising from cybersecurity incidents.

Corporate Cyber Insurance

This insurance provides advanced digital protection for businesses that rely on online operations or store sensitive data. It covers losses from data breaches, cyber extortion, and system outages ensuring business continuity and brand credibility in the digital age.

Comprehensive General Liability Insurance (CGL)

A broad coverage policy that protects businesses from multiple types of third-party risks. It includes General Liability, Product Liability, and Completed Operations coverage shielding you from property damage, bodily injury, and operational risks, even after project completion.

What Does Liability Insurance Cover?

Liability insurance provides financial protection against unexpected third-party claims that may arise during your business operations.

It helps cover legal expenses, compensation payouts, and damage costs, ensuring your company stays protected from unforeseen liabilities.

Bodily Injury

Compensation for injuries to third parties caused by your business operations

Property Damage

Costs for damage to third-party property due to your business activities

Financial Loss

Losses suffered by third parties due to your business operations or services