PRODUCTLIABILITY INSURANCE

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Liability Insurance provides financial protection for individuals or businesses against claims resulting from injuries, damages, or negligence for which they are legally responsible. It covers legal costs, settlements, and judgments awarded to the claimant.

Liability Insurance is diverse and caters to various risks. Key types include:

  1. General Liability Insurance (GLI)
    • Purpose :
      Protects businesses from claims involving bodily injury, property damage, or personal injury (e.g., defamation).
    • Coverage :
      • Slip-and-fall accidents on premises.
      • Damage to third-party property.
      • Advertising-related claims.
    • Applications :
      All types of businesses.
  1. Professional Liability Insurance (Errors & Omissions Insurance, E&O)
    • Purpose :
      Covers professionals against claims of negligence or mistakes in their services.
    • Coverage :
      • Legal costs and settlements.
      • Claims of missed deadlines, professional errors, or inadequate work.
    • Applications :
      Doctors, lawyers, accountants, architects, and consultants.
  1. Employer’s Liability Insurance (ELI)
    • Purpose :
      Protects employers against claims made by employees for work-related injuries or illnesses.
    • Coverage :
      • Legal defense costs.
      • Compensation claims from employees.
      • Applications : Businesses with employees.
  1. Product Liability Insurance
    • Purpose :
      Covers claims for damages caused by defective or harmful products.
    • Coverage :
      • Injuries caused by product defects.
      • Damages resulting from inadequate warnings or labeling.
    • Applications :
      Manufacturers, retailers, and distributors.
  1. Public Liability Insurance (PLI)
    • Purpose :
      Covers claims from third parties for injuries or property damage caused by business operations.
    • Coverage :
      • Accidents on business premises.
      • Events held by the business.
    • Applications :
      Small businesses and public-facing enterprises.
  1. Cyber Liability Insurance
    • Purpose :
      Protects against financial losses from cyberattacks, data breaches, and other IT-related liabilities.
    • Coverage :
      • Data breach response costs.
      • Legal liabilities to affected clients or customers.
    • Applications :
      Businesses that store or manage sensitive digital data.
  1. Environmental Liability Insurance (Pollution Insurance)
    • Purpose :
      Covers liabilities related to environmental damage or pollution caused by business activities.
    • Coverage :
      • Cleanup costs.
      • Third-party claims for environmental damage.
    • Applications :
      Industries such as manufacturing, energy, and construction.
  1. Directors and Officers (D&O) Liability Insurance
    • Purpose :
      Protects company directors and officers against claims for wrongful acts in their managerial duties.
    • Coverage :
      Mismanagement claims. Breach of fiduciary duty.
    • Applications :
      Public and private companies, non-profit organizations.

PT. Tala Reinsurance Brokers

Graha Mustika Ratu, 6th Floor
Jl. Gatot Subroto Kav. 74-75
Jakarta 12870
+6221 830 6663
+6221 830 6662
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