The Insurance Company "Illyria" sh.a. provides this product of Responsibility Insurance:
General Third Party Liability Provision
The freedom to sell, supply and produce different goods means freedom to lead a fruitful business, but unfortunately this freedom can be limited by risks that are beyond your control. Any business during its activities will be faced with unintended claim to third parties.
This insurance covers claims that, on the basis of third party claims, are initiated against a insured person due to an unexpected event (accident), which derives from risk, included in the insurance policy and as a result causes:
- Injury of persons
- Claim to objects (things).
Included in the insurance are claims which will occur due to the possession or use of objects, spaces or land, that are exclusively used for the needs of the insured person's activity, as emphasized in the policy.
Public and Product Responsibility
The Insurance Company "Illyria" sh.a. offers a unique product, Public Liability and Product Liability. This insurance compensates your expenses when your business or any of your employees cause unintended claim to third party property and injury or death to any person.
This insurance compensates for legal and medical expenses arising from an unintentional incident on your property or working on someone else's property, whether you are guilty or not.
Limits of Compensation
The limits listed in the policy represent the maximum that the insurer is liable to pay for any claims and in no case will he be liable for higher sums.
In order to avoid any concerns that may arise in the future, The Insurer provides Public and Product Liability and is obliged to reimburse the insured, as they is legally responsible for:
- Bodily harm of/or to persons (including death, illness or injury).
- Property loss or claim, occurred during the indemnity period, but excluding the liability of the product, described below and communicated to the insurer no later than 2 years after the expiration of the indemnity period.
Professional liability provides compensation for lawsuits filed against the insured due to his unintentional professional negligence.
This insurance provides financial protection for a variety of professions. Any individual who provides advice, designs or provides similar services in a professional capacity, is perceived as an expert by the client. In the event that the client incurs financial loss as a result of any fault, neglect or professional deficiency, this insurance will compensate any payable claims, or any claims verified by the competent court.
Businesses in Europe are already aware of the importance of professional liability. One thing is clear, in the race for excellence, mistakes can also occur in businesses run in the most professional way. Therefore, we at the Insurance Company "Illyria" sh.a., launching such a product for different professions, we support our customers by protecting their businesses from the key risks they may face and which in business are Inevitable.
This insurance compensates not only businesses but also certified independent professionals.