Liability Insurances
Liability Insurances
Liability is Defense Before Compensation
When a claim comes to liability lines, the first cost is defense, not compensation. A significant portion of the files are closed without any compensation; The expense item is the legal process.
It constructs the coverage according to your line of business, contractual obligations and subcontractor chain; We determine the limit and exemption structure by taking into account the largest possible demand.
- Employer, third party and product liability
- Defense expenses are covered by the guarantee
In the liability policy, the limit is as important as whether the defense expense is within or outside the limit.
Scope
Coverage Scope
Employer financial liability
Legal liability arising from employees due to work accidents and occupational diseases.
Third party liability
Damages to life and property of third parties due to your activities.
Product liability
Claims for personal and material damage arising from the product placed on the market.
Professional responsibility
Protection against professional malpractice claims in engineering, consulting and technical services.
Lift and facility responsibility
Mandatory and optional liability arising from common area, elevator and facility operation.
Environmental pollution liability
Cleaning costs and third party claims in case of sudden and accidental environmental pollution.
Compulsory liability policies
Lines required by legislation such as hazardous materials, cylinder gas, elevators and road passenger transportation.
Key Risks
What We Watch in This Area
Contractual Transfer
If the liability assumed by the contract is not separately defined in the policy, it may not be covered.
Subcontractor Chain
The damage caused by the subcontractor often reflects on the main employer.
Claim Based Policy
In demand-based structures, if the policy ends, the protection for past events also ends.
How is it determined?
Data Determining Liability Coverage
- Field of activity and guarantees required by legislation
- Number of employees, use of subcontractors and number of construction sites
- Compensation obligations undertaken under contracts
- Markets reached by the product and the liability regime it is subject to
- Whether the policy will be written on an incident or demand basis
- Will defense expenses be paid within or outside the limit?
FAQ
Frequently Asked Questions
Event-based policy is based on the event occurring during the policy period. In a demand-based policy, the claim must be reported during the policy period; therefore it is important to maintain continuity.
In employer liability coverage, SSI's recourse requests are generally given as additional coverage. This clause must be clearly included when issuing the policy.
Compulsory policies are lines that are required by the legislation for certain activities and whose coverage and limits are fixed by general conditions. In optional policies, limits, scope and exclusions are negotiated; The structure is designed specifically for the company.
It varies depending on the policy and directly affects the outcome. When written within the limit, attorney and expert expenses are deducted from the compensation limit; When given separately, the limit works only for compensation.
Do You Have a Need in This Area?
Let's assess your risk together and build the coverage structure around your needs.