Liability Covers

Public Liability Insurance Policy

This is a cover that protects a person or an organization against their legal liability to third parties arising from bodily injury, death, loss or damage to third party property as a result of their business. This may include legal costs or any legal payouts for which the insured would be responsible if found legally liable.

This cover only applies within the business premises or a defined geographical location.

Professional Indemnity

This is a cover designed for professionals who provide advice or services to their customers. It protects them against legal costs and loss from a claim of alleged negligent acts, errors or omissions in the performance of their professional services.

WIBA

Work Injury Benefits Act (WIBA) is an employee benefit plan enforced by the Kenya law that guarantees employees get financial compensation when by accident they suffer body injury, become disabled, occupational illness or die while at work or whilst on duty. Payment is for accidental death, temporary disability, permanent disability, medical expenses and funeral expenses.

Employers Liability (Common Law) Insurance Policy

This is a policy that protects employers against legal liability under common law, negligence or breach of statutory duty for damages and claimant’s costs and expenses of litigation in respect of accidents, diseases or even death to employees arising out of and in the course of their employment. It is therefore necessary for that Employers’ liability insurance be taken in addition to WIBA policy which is compulsory by law

Directors and Officers Liability

This is a policy that protects past and future directors and officers from losses arising out of claims that may arise from decisions and actions taken within the scope of their official capacities.

The cover can also be extended to cover the loss of the company resulting from any claim first made during the policy period for any wrongful act in the insured’s capacity as a director, officer or employee of the company but only when and to the extent that the company has indemnified the insured for the loss.

Contractual Liability

Contractual liability insurance covers third-party bodily injury or property damage that arises as a result of liability assumed by contractual agreement.

This coverage is important because many businesses sign contracts in which they assume liability on behalf of someone else for third-party bodily injury or property damage claims.

Product Liability Insurance Policy

This cover is meant to protect businesses from claims and legal consequences arising from accidental bodily injury including illness and accidental loss of; or damage to property due to the use of goods or products that the business’s manufactures, assembles, processes, handles, sells or supplies.