The purpose of Liability insurance is to protect the insured against eventual legal penalties for damage caused to third-parties, provided it is unintentionally caused.

This insurance can be classified into four different categories:

General Liability (GL)

This form of insurance is intended for companies and employees who want to protect themselves against punitive damages arising from loss unintentionally caused to third-parties, which may inevitably occur, notwithstanding all the applicable legislation and safety standards being observed. An accident involving third-parties can jeopardize the whole operation of a company.

Professional Liability (E&O)

Form of insurance with specific covers for errors and omissions that cause unintentional damage to third-parties, arising from the Insured’s professional activities.

Directors and Officers Liability (D&O)

Directors and Officers Liability insurance protects the personal assets of corporate senior executives from actions taken in their capacity as leaders and decision-makers, which may cause unintentional damage to third-parties.

Environmental Liability (ELI)

Environmental Liability insurance is here to protect companies against impacts caused by acts of nature, even though unintentional, and minor incidents.

Whatever liability insurance is ideal for you, you may count on the full solutions provided by CredRisk Marine, a specialist in cargo transportation and liability insurance for transportation and the supply chain. Get a quotation!