What Is Liability Insurance?

Where Can I Get Liability Insurance?

Liability insurance is a type of insurance that protects the insured from being legally responsible for the damages and losses that they may cause to third parties. There are many different types of liability insurance, which include but are not limited to General Liability, Employment practices liability, and professional liability.

General Liability Insurance is a type of coverage that can protect against almost any kind of loss or damage except those specifically excluded by the policy.

Employment Practices Liability Insurance covers employers for claims made by employees who allege that their employer violated employment laws.

Professional Liability Insurance provides protection for professionals such as lawyers, doctors, accountants, and architects who provide services to clients; it provides protection from malpractice claims made by clients or patients. Directors & Officers Insurance covers directors and officers in the event they

What is Public Liability Insurance?

Public liability insurance is a liability insurance policy in which the insurance company provides cover for any physical injury as well damage to the property of third parties caused due to the negligence or accidental way of the policyholder.It is commonly known as Commercial General Liability (CGL) which covers both the Product liability as well as the Public liability.

What is First Party and Third Party Insurance?

In first-party insurance, the benefits are for the insured car and its owner as well as the third party if needed. Third-party insurance policies only take care of damages or injuries/death of third-party property or persons.

What is Subrogation in Insurance?

The principle of subrogation states that the rights of the insured property would be transferred to the insurance company after the claim is paid. Once the claim is paid to the insured, the damaged property would be owned by the insurance company so that the insured cannot be benefited from both the claim amount and from the proceeds of selling the damaged property.

What is PolicyBachat and How does it help with my Life Insurance Policy Purchase?

PolicyBachat is an online insurance web aggregator which helps in selecting the best insurance policy for its customers based on the customer’s requirements. We at PolicyBachat provide the customer with a wide range of options to select from. The best life insurance policy can be selected online from our portal. We even provide assistance to our customers in selecting the best life insurance policy based on the requirements of the customer.

How Do Insurance Companies Make Money?

Most insurance companies make money in two ways: Charging premiums to the policyholders and investing the insurance premium payments.

Why buy insurance online?

There are many different types of insurance and it can be difficult to decide which one is the best for you. However, by purchasing insurance online, you are able to compare different plans and find the one that suits your needs.

Here are some of the benefits of buying insurance online :

• You can compare plans and find the one that suits your needs
• You can save money on your current plan by switching providers

can husband and wife both claim maternity insurance?

Yes, it is possible to husband and wife both claim maternity insurance.

Can a policyholder nominate anyone for his Insurance Policy?

Yes. The policyholder can nominate anyone for his insurance policy.