Liability Insurance- Types of liabilities

Insurance is available across several types of liabilities, these are also known as indemnity polices: 

1)      Employers liabilities: Chief among these are those related to working conditions, and are covered under Workmens’s Compensation Insurance polices. Liability in this area chiefly covers the Industrial risks.

2)      Employees State Insurance: Liability is defined in this Act  in relation to injury to any employee while at work. It defines the limits of such liability on part of the employer.

3)      Non-industrial risks: These relate to non-industrial but mainly commercial enterprises such as Cinemas, Restaurants, Offices, Shopping Complexes, Schools, Exhibitions & Fairs, Shops etc.

4)      Professional Liabilities: These relate to liability that could arise from the practice of a particular profession. Medical practioners, engineers, architects, chartered accountants, directories of companies, lawyers and solicitors etc. are covered under this group.

5)      Product liabilities: These are liabilities that could arise from the sale of products to customers and resulting damage to any customers due to a fault in the product. Edible products,equipment and machinery, clocks & watches, air conditioners units, chemical products, motor vehicle tyres, fireworks & explosives, elevators and escalators etc. are covered under such polices.