Types of Liability Insurance:

1. Elevator Liability Insurance

• Coverage: This insurance covers damage or injury that may occur due to elevator malfunctions or accidents inside buildings.

2. Civil Liability Insurance

• Coverage: Protects the insured from legal claims arising from harm to others, whether physical or material.

3. Professional Liability Insurance

• Coverage: This is designed for professionals such as lawyers, engineers, and accountants. It covers errors or professional negligence in the course of their duties.

4. Political Violence Insurance

• Coverage: Provides protection against losses arising from political violence such as riots, rebellions, or terrorism.

5. Medical Malpractice Insurance

• Coverage: Protects doctors and medical personnel from claims arising from errors or negligence in providing healthcare services.

6. Product Liability Insurance

• Coverage: Relevant for companies and manufacturers, this insurance covers damages caused by defects in products that were sold or distributed.

7. Employers’ Liability Insurance

Coverage: The insurance company agrees to compensate the insured for all amounts they are legally obligated to pay by a final court ruling as a result of their tortious liability. This includes any worker or their heirs who suffers from a work-related injury, illness, or accident during the term of the insurance, while performing their duties for the insured.