MANAGEMENT

Detailed explanation-1: -A professional liability insurance can come in handy if you face liabilities due to such damage. Public Liability Insurance: Public liability insurance protects you from claims made against your company, products or employees which might have harmed general public.

Detailed explanation-2: -Third-party insurance, which is also sometimes referred to as ‘act-only’ insurance is a statutory requirement for all vehicle owners as per the Motor Vehicle Act. It is a type of insurance cover where the insurer offers protection against damage to the third-party vehicle, personal property and physical injury.

Detailed explanation-3: -Covers Legal Liabilities As the name suggests, third-party insurance covers all third-party legal liabilities of the policyholder if he/she causes accidental damages or injuries to a third party person.

Detailed explanation-4: -Liability insurance provides protection against claims resulting from injuries and damage to people and/or property.

Detailed explanation-5: -Essentially, third-party motor liability insurance policy protects you against the legal liability arising from your vehicle’s participation in an accident that led to the injury, death or extensive property damage of an arbitrary third party.