Insurance Products
Liability Insurance — Professional, Employer and Product
Liability insurance covers compensation claims and defence costs arising from damage you cause to third parties in the course of your activities.
At a glance
- Status
- Optional
- Core cover
- 6 sections
- Quote turnaround
- Same business day
Liability is the risk businesses most often underestimate. A customer falling on your premises, a defect in a product you sell, or an error in professional advice can produce claims that exceed the company's equity. A liability policy covers both the compensation and the legal, defence and court costs.
Professional indemnity (E&O) is critical for service providers: doctors, architects and engineers, accountants, lawyers, insurance intermediaries and consultancies. For physicians, medical malpractice insurance is regulated separately and includes a compulsory component.
Employer liability covers recourse claims brought against the employer by employees or by SGK following a workplace accident or occupational illness. Third party liability covers damage caused to customers and visitors by business operations. Added to a commercial package policy, these two sections provide integrated protection.
What Is Covered
- Professional indemnity (E&O)
- Covers claims arising from errors, omissions and negligence in professional services.
- Medical malpractice
- Covers liability of physicians and healthcare staff arising from medical practice.
- Employer liability
- Covers employee and SGK recourse claims from workplace accidents and occupational illness.
- Third party liability
- Covers bodily injury and property damage caused to customers and visitors.
- Product liability
- Covers compensation claims arising from defects in products placed on the market.
- Directors and officers (D&O)
- Covers the personal liability of company directors arising from their decisions.
Who Is It For?
- Physicians, dentists and healthcare institutions
- Architects, engineers, accountants and lawyers
- Manufacturers and importers (product liability)
- Any business employing staff (employer liability)
What Is Not Covered
- Loss from intent and deliberate breach of rules
- Obligations assumed by contract beyond legal liability
- Events and claims known before inception
- Administrative fines and criminal sanctions
What Affects the Price
Premiums vary between insurers according to the factors below. We compare 27 partner insurers to find the best fit for your profile.
- Profession or activity and risk class
- Annual turnover and headcount
- Requested coverage limit and deductible
- Prior claims history
Frequently Asked Questions
Is professional indemnity compulsory?
It is mandated by regulation for certain professions; for physicians part of medical malpractice cover is compulsory.
Are legal fees covered?
Yes. Liability policies cover defence, legal and court costs alongside compensation, within the policy limits.
What does claims-made mean?
Cover applies to claims first made during the policy period. A separate retroactive date defines how far back cover extends.
Does employer liability cover SGK claims?
Yes. Recourse claims brought by SGK against the employer after a workplace accident fall within the policy.