General Liability Policy
It insures business concerns against their legal liability in respect of death or bodily injury to third parties and losses/damage to third party property. For example, an insured?s liability to a client going to the insured?s office that falls and is injured from a faulty staircase may be compensated under this policy.
Products Liability Policy
This covers the insured?s legal liability arising from defects in products manufactured or supplied by him.
Professional Indemnity Policy
This covers a professional against his legal liability to third parties incurred whilst engaged in his profession. For example, a legal claim against a Medical Officer who negligently prescribed a wrong drug to a patient. The Medical Officer may fall on his professional indemnity insurers to bail him out.