Prudent Insurance Brokers
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What is Liability Insurance?

Business owners are often exposed to legal liability arising from loss or damage caused to third-party property or personal injury. Liability Insurance safeguards the financial interests of companies and entrepreneurs when faced with formal lawsuits or third-party claims. These policies cover both direct financial liabilities and legal defense costs. There are various types of liability insurance available depending on the nature and scale of your business.
At Prudent, our experienced technical team specializes in designing and arranging tailored liability coverage with top-rated insurers worldwide. We help businesses manage their liability exposures globally—so you can focus on your core operations while we ensure comprehensive insurance protection at the most economical cost, along with responsive claims service.

What’s Covered

THIRD PARTY LIABILITY / COMPREHENSIVE GENERAL LIABILITY INSURANCE

  • Fire, Explosion and Implosion extension
  • Food & Drink Extension (to take care of food-poisoning liability)
  • Neighbourhood Liability

THIRD PARTY LIABILITY / COMPREHENSIVE GENERAL LIABILITY INSURANCE

Third Party Liability or Public Liability Insurance (also known as Comprehensive General Liability Insurance or CGL) provides protection against:

  • Negligence that caused a third-party person/s to incur an injury or illness.
  • Can be “Premises-Specific” or extended to include “Work Away” risks.
  • Individuals or Businesses can opt for this to protect against unforeseen risk exposures.

We can customize CGL based on the requirements of clients, with geographically unrestricted scope, i.e., area of cover and jurisdiction can be worldwide. Extensions can be included to cover:

  • Legal liability arising out of lifts, escalators, etc.
  • Accidental and Sudden Pollution Clause - Inbuilt into the policy wording, subject to applicable conditions.
  • Defective sanitary arrangement, water pollution, chemicals, effluent fumes, or other noxious gas, liquid, or substance due to sudden and unforeseen incidents - Inbuilt into the policy wording.
What is Cyber Insurance?

Cyber Insurance is designed to guard businesses from the potential effects of cyber-attacks. It helps an organization mitigate risk exposure by offsetting costs after a cyber-attack or breach has occurred.

Why is Cyber Insurance Important?

In today’s technology-driven world, nearly every organization has cyber exposure. With ransomware and cybercrime consistently on the rise, the likelihood of a data breach or intrusion — even for small businesses — is higher than ever. If hackers are successful, confidential data can be lost or misused, privacy can be breached, and financial records compromised. Cyber insurance provides the necessary support so these attacks do not cripple your business.

How Do We Support You?

At Deinon, we have a highly dedicated and knowledgeable Cyber Specialist Team, experienced in Cyber Reinsurance Broking and Cyber Security. We collaborate with insurers to design and deliver strategies that offer affirmative cover and protect you from all types of cyber incidents.

  • Review your existing insurance policy and provide a detailed gap analysis.
  • Provide support from reputed underwriters for this specialized class of business.
  • Ensure that the coverage aligns with the risks involved in your business operations.
  • Coordinate closely with insurers in the event of a claim to ensure optimum response levels.
  • We work efficiently — your needs are our top priority.

Directors & Officers Liability Insurance (often called D&O) is a liability insurance that provides indemnification for losses or advancement of defense costs in the event an insured suffers such a loss owing to legal action brought for alleged wrongful acts in their capacity as Directors & Officers.

How can we help?

We combine service excellence with technical skill and broking ability to deliver a casualty insurance program that can help you mitigate the risks your business faces every day.

We assist in structuring solutions to safeguard your company and employees, enabling you to focus on your business.

Medical Malpractice Insurance is a type of Errors & Omissions (E&O) coverage.

It protects physicians and other healthcare professionals against claims alleging their negligent acts caused injury to patients.

Medical Malpractice Insurance is essential for nurses, dentists, opticians, physical therapists, or anyone else who provides healthcare services.

It is also called medical professional liability insurance.

PROFESSIONAL INDEMNITY INSURANCE

Professional Indemnity Insurance, also known as Errors & Omissions (E&O), helps protect professional advice and service-providing individuals and companies from bearing the full cost of defending against a claim for professional negligence made by a client, as well as damages awarded in such a civil lawsuit. We, at Deinon, can arrange Professional Indemnity Insurance for various lines of business activities, including but not limited to:

  • Architects and Consulting Engineers
  • Marine Surveyors
  • Software Consultants
  • Insurance Brokers

The following extensions can be included in the Professional Indemnity Policy:

  • Costs Inclusive Clause
  • Retroactive Date Clause
  • Dishonesty of Employees
  • Libel and Slander

CONTINGENCY INSURANCE

Contingency Insurance provides coverage for financial losses arising from unexpected events that disrupt business operations or contractual obligations. It is designed to protect businesses, event organizers, or individuals from risks such as event cancellations, non-appearance of key individuals, or other unforeseen circumstances that may lead to financial loss.

  • Event cancellation or postponement due to unforeseen circumstances like extreme weather, strikes, or other disruptions.
  • Non-appearance of key personnel, such as performers, speakers, or critical staff, due to illness, injury, or other reasons.
  • Loss of revenue or additional expenses incurred to mitigate the impact of the contingency event.
  • Liability arising from failure to fulfill contractual obligations due to the covered event.

Environmental Impairment Liability

Pollution Liability Insurance provides coverage for claims associated with clean-up costs as well as covering injury to third parties, such as neighbors harmed by the release of toxic substances.

Site Pollution Liability Insurance, also known as Premises Pollution, Environmental Impairment Liability (EIL), and Pollution Legal Liability (PIL), is designed to cover claims arising from pollution releases at, on, or emanating from a specific scheduled location.

Disclaimer: Any descriptions of coverage contained in this information sheet are meant to be general in nature and do not include nor are intended to include all of the actual terms, benefits, and limitations found in an insurance policy. For details of coverage, terms, conditions, and exclusions, please refer to the policy wording. The provision of cover is subject to the underwriting criteria that apply at the time. The insurance policy and not this information sheet will form the contract between the parties thereto, and will govern in all cases.