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People can often cause harm to others either by wrongfully damaging
their property or causing any form of bodily injury. As result of their
careless behavior, these people become liable to compensate the other
party for any losses and/or injuries they may have caused. Cosmos
Insurance Company Public Ltd offers a wide range of liability policies
in order to assure its customers that are properly protected.
We provide Insurance Cover to the Following Products (Click on Specific Product for More Information)
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EMPLOYER'S LIABILITY
Employer’s liability insurance covers the employer’s liability towards his employees in relation to accidents or occupational diseases that may arise as a result of the former’s negligence.
This cover is compulsory by law and requires the following:
- €160.000 for each accident or occupational disease for each employee.
- €3.415.000 for each event or series of events resulting from the same proximate cause.
- €5.125.000 in the aggregate for each period of insurance.
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PUBLIC LIABILITY
The policy covers the liability of the insured for bodily injuries and/or material damages to any third party.
This policy does not cover the professional liability of the insured nor his liability as an employer.
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PROFESSIONAL INDEMNITY
The risks:
All companies that provide services to a client must face up to the prospect of a court action. An ever increasing regulatory burden is leaving companies exposed to the risks of compliance oversight. while the threat of spurious claims or the problems caused by a simple human error remain ever present for even the most sophisticated organizations . With legal costs on the up and settlements always rising , failure to purchase adequate insurance could spell financial
disaster.
The
Possible Cover:
Arbitration , Allegations of breach of duty ,negligence and or wrongful acts, breach of confidentiality , court attendance costs , damages , defense courts ,libel and slander , loss of documents , third party loss through employee fraud .
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PRODUCTS LIABILITY
The manufacturer and/or in certain cases a supplier of a
product may be held liable if the product is faulty and causes
any loss or damage to others. Cosmos Insurance provides product
liability cover for damages awarded as a result of damage to
property or personal injury caused by your product.
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DIRECTORS' AND OFFICERS' LIABILITY
The risks:
The role of the director
is becoming increasingly demanding and dangerous in today’s
corporate environment . Beholden to company shareholders,
financial regulators and government bodies, a director faces
potential legal liabilities in all sides . Also more stringent
corporate governance guidelines and increasingly complex
legislation, leads to shareholders class actions and individual
claims.
The
Possible Cover. Protection against the following:
Official investigation
by governments and regulators, damages awarded by court, civil
sanctions (fines and penalties), claims made by dissatisfied
employees, claims made against the directors by the company
itself, claims made against the directors of subsidiary
companies, claims made against outside board positions held on
the insured company’s behalf.
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