Type

What does it cover?

Charterers Legal Liability

Insured’s legal liability to owner of a chartered vessel and / or to third parties arising out of the signing of a charter party agreement.

Directors’ and Officers’ Liability / Company Reimbursement

Directors’ or Officers’ for their legal liability for wrongful acts committed whilst acting in their capacity as a Director / Officer.

Economic Loss

Liability to third parties for financial loss arising from personal injury or property damage. Limited cover can be purchased in various forms including product guarantee and professional indemnity insurance.

Employment Practices Liability

Legal Liability to pay arising out of a claim for discrimination against any employee, unfair dismissal, workplace harassment

Environmental Impaired (EIL)

Legal liability for personal injury or property damage caused by non-sudden or long-term pollution. This policy can also cover the insured for legal costs and the costs of removing, rendering harmless or cleaning up of any substance, which has caused or would cause environmental damage.

Libel and Slander / Defamation

Indemnifies insured against claims for libel and slander by any person provided that such claims arise out of the occupation and conduct of the insured.

Products Liability

Legal liability for bodily injury and damage to property caused by any products sold or supplied by the insured.

Products Performance Guarantee

Legal liability either at law or under guarantee to repair or replace defective products made sold or distributed by the insured.

Products Protection

(Malicious product tamper / contamination)
The costs and loss of net profit where products are withdrawn or destroyed due to active or alleged contamination or malicious tamper so as to render the product unfit or dangerous for use.

Product Recall

Legal liability for all costs, expenses and damages for withdrawal or recall of goods or products because of any known or suspected defect or deficiency therein.

Professional Indemnity / Errors and Omissions

Legal liability to compensate third parties for loss sustained by them arising out of negligent acts, errors or omissions on the part of the insured in the conduct of their business.

Protection and Indemnity

The insured’s liability for bodily injury and / or damage to property occurring in connection with the business.

Public Liability

Legal liability for bodily injury and / or damage to property occurring in connection with the business.

Taxation and Audit Expenses

Professional fees charged by an accountant in connection with a Tax or other Government audit, including costs in obtaining expert advice.

Umbrella (Difference in Conditions) Liability

Similar cover to Public / Products Liability except that cover is expanded to extend over underlaying motor vehicle, workers compensation liability and other liability policies as agreed.

Workers Compensation (ex. Queensland)

Legal liability under the respective State / Territory Acts and at common law for injury sustained by employees in the course of their employment.