What Is Business Liability Insurance?

When a third person suffers a physical injury or financial loss, and the insured is liable for damages according to law, the insurance company shall be liable for compensation according to the contract. The insurance company has the right and obligation to defend the action for damages. However, the insurance company has no obligation to defend against claims for damages for 'physical injury' or 'property loss' that are not covered by this insurance policy. If the insurance company pays for it in accordance with the judgment or settlement, the insurance company's rights and obligations will end when the upper limit of the claim amount of the insurance policy has been reached.

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A third person suffered physical or financial damage, and

Coverage including but not limited to

1. Premises-Operations

2. Independent Contractors Liability

3. Completed Operations

4. Products Liability

5. Contractual Liability

6. Cross Liability

7. Car Park Liability

* Coverage B Personal & Advertising Injury Liability

Personal Liability-Liability for damage to the emotional, reputation, goodwill, or privacy rights of third parties. It must occur in the insurance area and insurance period, and must be from the business activities of the named insured. However, this business does not include advertising, publishing, radio or television broadcasts and other activities.

Advertising Liability-(1) Damage to the emotion, reputation, goodwill or privacy of a third party; or (2) Liability for damage to the knowledge or copyright of a third party. It must happen in the insurance area and insurance period, and it must happen when advertising the goods, products or services of the named insured.

* Coverage C Medical Payment

If a third person is physically injured within the scope of the insured's property or because of the work of the insured, the insurance company will pay for the first aid and reasonable medical expenses, but not exceeding the company's liability limit.

* Supplementary Payment

The company will also pay for claims or litigation costs that are defended or defended under Coverage A & B. Incidental compensation may not be included in the liability limit of this policy